The Rise and Fall of Oil and Gas Prices

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The Rise and fall of Oil and Gas Prices

12/13/09

The U.S Benchmark sets the oil prices depending on the supply and demand. Gas and oil prices are rising and falling so much because of the number of investors, and the demand among the American people.

The U.S. Benchmark sets the oil prices according to the supply and demand for oil, in a little town call Cushing, Oklahoma. The demand for oil this year had plunged twenty [Express numbers higher than nine in digits (when not the first word in the sentence)] four percent. In the past four months the demand and supplies for oil has shot up one hundred forty [Express numbers higher than nine in digits (when not the first word in the sentence)] two percent because now [Clearer writing suggestion: Unless you are making a philosophical statement (Now is the time to improve myself) or mean "as of the present time" (and the business is now known as Ajax Corp.), consider removing "now"--since this is being read after the time you wrote it, "now" is in the past] it is getting ["getting" is informal English and can mean many things; in academic writing, use forms of "arrive at," "can," "could", "grows," "is able to," etc.] colder and [Possible error: place comma before "and" if what follows is an independent clause (could be a sentence by itself)] some people need it to heat their homes. This meaning the price of oil has gone up again after a small break from the high prices during the warmer months. Which everyone knows, prices are always higher in the winter.

Oil companies make their money as long as there are investors investing in their product. The more investors the oil companies have the richer they become. It is ["It is" is an awkward phrase if "it" is not clearly a thing] not illegal to invest in oil futures. Matters of fact, investors are back bigger than ever after regulations scared them away last year. People invest thinking it is a way to make a quick buck, which it is but the



References: Sharon Epperson (2009, Feb.)Why Are Gas Prices Going Up While Oil Keeps Falling? Retrieved from http://www.cnbc.com/id/29176966 Weakonomics (2009, June) Why Are Oil and Gas Prices Going Up Again? Retrieved from http://weakonomics.com Sam Davis, Daniel J. Weiss (2008, May) A Better Solution for Gas Prices, Americans Suffer While Big Oil Prosper Retrieved from http://www.americanprogressaction.org Rachel Deahl (2009, November) With Expensive Crude Oil and Low Product Demand, Analysts See Further Woes for Refiners. Retrieved from http://www.heatingoil.com

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