Exact(5)
Worldwide demand for oil, driven by the robust American economy and strengthening recoveries in Asia and Europe, continues to grow and quickly absorb OPEC supply increases.
Those include continued headwinds from the lingering sovereign debt crisis in Europe, the rising price of oil driven by instability in the Middle East, and the housing market in the United States, which remains depressed.
Sergeant Mejia, 28, has said his experience in Iraq, seeing brutality, senseless deaths and commanders who he said put glory over good decisions, convinced him that the war was "oil driven" and immoral.
A glut of oil, driven largely by the increased production in the United States, sent the price per barrel of crude plummeting.
Similarly, the high price of oil driven, at least somewhat, by this consumption did not seem to bother Russia too much over the last several years.
Similar(55)
The oil drives the water out of the slices and turns the starch in the potatoes crisp.
The drop in sales, coupled with a statement by the oil minister of Saudi Arabia that the kingdom would consider producing more oil, drove down energy prices.
At the original Mojave solar plant, row upon row of 750,000 precision-made curved mirrors reflected the sun's rays to an oil-filled pipe; the heated oil drove turbines that created 354 megawatts of electricity.
"Oil drives the economy here," says financial analyst Bismarck Rewane.
Chinese demand, terrorism and talk of peak oil drove crude prices.
Markit's survey found the falling price of oil drove average manufacturing costs down at the fastest pace for five-and-a-half years.
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