The Hidden $40-Per-Barrel Cost Driving Oil Prices Higher | HappeningNow.news

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The Hidden $40-Per-Barrel Cost Driving Oil Prices Higher

Robert Rapier is a chemical engineer in the energy industry.

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Robert Rapier is a chemical engineer in the energy industry. He has 25 years of international engineering experience in the chemical, oil and gas, and… When Americans think about the price of oil, they usually focus on the number quoted every day in financial markets. If Brent crude is trading above $100 a barrel or West Texas Intermediate is near $100, those numbers become shorthand for whether oil is expensive or cheap.

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