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As we celebrate the nation’s 243rd birthday this week (and the 240th anniversary year of the Constitution), Energy Ink felt it appropriate to celebrate the 160 year history of oil in the U.S. with a brief overview of ...
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During World War II the Petroleum Administration for War, established by an Executive order in 1942, used these five districts to ration gasoline...
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Do Oil Prices drive the economy?
For over six years, Energy Ink Magazine has been dedicated to the delivery of insightful, well-research, and impactful energy industry news with an emphasis on the oil industry. As such research has provided insights into the critical driver of oil prices, our website is now dedicated to providing up to the minute oil prices from around the globe and news on how they impact the world in which we live.
The history of the “oil price” in the United States as an economic driver follows an odd path. As a net importer for most of the life-cycle and the history of oil as a commodity, the U.S. was subject to the power hold OPEC had on supply. The Middle East commanded the global economy in many ways as it set production benchmarks that affected global markets. If OPEC indicated it was going to restrict supply, global markets reacted.
Not only would crude oil prices drop, but so did industrial markets like the Dow Jones. In fact, the Dow and the Brent crude and WTI benchmark oil prices were locked together for decades. But as the world emerged from the recession in 2012 and the U.S. shale industry survived the market share war waged by OPEC in 2015, that connection was broken.
National Impact. International Reach.
Founded in 2013, Energy Ink Magazine has been dedicated to the delivery of insightful, well-researched, and impactful energy industry news with an emphasis on the oil industry. Our focus spans topics from the highly technical to the basics in speaking to a diverse audience of decision makers at over 500 companies nationwide. Our print publication is distributed to readers in 42 states, 15 energy expos, and 5 foreign nations. Our weekly E-Newsletter is sent to over 7,500 people and has an industry leading 35% open rate.
Our work is highly researched, unbiased, and often covers topics that are overlooked by both mainstream media and industry specific publications. As such, our articles have been utilized by industry professionals at Fortune 500 companies for research, education/training, and in one case, preparation for a lawsuit.
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Energy Ink Magazine | Total coverage in providing oil prices, updates and in-depth news on the energy industry like no other publication.