Services' Budgets Squeezed By Oil Spikes

Rutherford, Emelie
April 2013
Defense Daily;4/18/2013, Vol. 258 Issue 15, p6
Market Research Report
The article reports on the tight budget for the fuel consumption of the U.S. military. Senate Armed, Services Readiness and Management Support subcommittee chairwoman Jeanne Shaheen discussed the impact of the volatility of fuel prices on their readiness. According to Admiral Mark Ferguson, vice chief of Naval Operations, the Navy is facing a bill of $450 million because of a recent fuel price hikes.


Related Articles

  • Market weighs up the cost as oil prices jump. Cumming, Shaun // Money Marketing;3/3/2011, p42 

    The article discusses the impact of oil price increases caused by the turmoil in the Middle East, particularly in Libya, to the petroleum industry worldwide.

  • Dime for your time? Slagle, Tim // Liberty (08941408);Jul2008, Vol. 22 Issue 6, p12 

    The author reflects on the rising fuel prices in the U.S. He suggests that vehicle operators should start slowing down to conserve gas. He notes that a car moving at 70 to 60 miles per hour will be two to three percent more efficient. He also believes another proposed method to conserve gas...

  • Causes and Consequences of the Oil Shock of 2007-08. Hamilton, James D. // Brookings Papers on Economic Activity;2009, Issue 1, p215 

    This paper explores similarities and differences between the run-up of oil prices in 2007-08 and earlier oil price shocks, looking at what caused these price increases and what effects they had on the economy. Whereas previous oil price shocks were primarily caused by physical disruptions of...

  • OIL HEADS FOR ITS BEST YEAR AT $111. WHAT NEXT? SINGH, LINCON JEET PAL // Golden Research Thoughts;Jan2013, Vol. 2 Issue 7, p1 

    The stagnant oil consumption, rising speculative investments and the consequent rise in oil prices are a matter of concern. Is oil shock round the corner? The abrupt rise in oil prices in the past can be attributed to supply crisis caused by politics, whereas current oil price rally is more a...

  • Crude back on bull.  // Futures: News, Analysis & Strategies for Futures, Options & Deri;Apr2005, Vol. 34 Issue 5, p22 

    The article reports that crude oil stocks are 23 million barrels higher than this time in the previous year, gasoline supplies are more than 9% higher than its five-year average and yet crude oil prices continue to climb. Tim Evans of IFR Pegasus said that Organization of Petroleum Exporting...

  • EIA report indicates gas, oil prices to remain firm. VINCENT, BRUCE // Fort Worth Business Press;9/13/2010, Vol. 22 Issue 37, Special section p26 

    The article provides information about the short-term forecast of the Energy Information Administration (EIA), which predicts that the prices of crude oil, natural gas and gasoline will remain in the remaining months of 2010. EIA expects that natural gas prices would rise by six percent in 2011,...

  • Trucks Tapping Out. Schulz, John D. // Traffic World;9/6/2004, Vol. 36 Issue 268, p27 

    Reports on the impact of rising oil prices on the U.S. trucking industry. Reasons of trucking companies for not implementing price hedging in the wake of rising oil prices; Fuel consumption in the industry. Americans INSETS: UPS enters hydrogen age;FMCSA: Let's talk.

  • Oil hits $100 on first day of trading in 2008. First, Tomas // Fund Strategy;1/7/2008, p8 

    The article reports on the rise of oil prices by up to $100 in 2008. According to the article, the increasing price is due to political chaos in Nigeria as well as in Kenya. In addition, analysts from the Organization of the Petroleum Exporting Countries (OPEC) stated that the decrease in the...

  • Opec loses its grip on oil prices. James, Ed // MEED: Middle East Economic Digest;5/9/2008, Vol. 52 Issue 19, p26 

    The article discusses the role of the Organization of Petroleum Exporting Countries (OPEC) in the rising oil prices. Western politicians are asking oil producers to raise output but the cartel is not ready to increase crude oil output until autumn. It is due to several reasons, like in summer...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics