Carrie Underwood

Carrie Marie Underwood (born March 10, 1983) is an American country singer who rose to fame as the winner of the fourth season of American Idol.

Early years

Carrie Underwood was born in Muskogee, Oklahoma and raised in a farm in Checotah, Oklahoma.

At the age of 13, her manager at the time tried to get a recording contract at Capitol Records, but due to management changes at Capitol it never materialized.

Underwood graduated from Checotah High School in 2001 as salutatorian. Underwood attended Northeastern State University, where she majored in mass communication and is a member of Sigma Sigma Sigma sorority. She also competed in numerous beauty pageants at the university and was selected as Miss NSU runner-up in 2004.

Idol

Underwood's musical influences include pop, but are predominantly country; she stated during Idol auditions that her favorite singer is Martina McBride. On the April 20 elimination show, Underwood demonstrated her ability to play the guitar. She can also play piano and yodel, the latter of which was demonstrated on the Tonight Show the night after she won.

After singing Martina McBride's "Independence Day" Simon Cowell said he couldn't believe no one has discovered her yet.

On the March 22 show, after a performance of Heart's "Alone", Simon Cowell said, "Carrie, you're not just the girl to beat, you're the person to beat. I will make a prediction, not only will you win this competition, but you will sell more records than any other previous 'Idol' winner." Cowell went on to say on the March 30 show that she has the "it factor" that will make her a star.

On her last song of the night in the final two, Carrie's spectacular performance of "Angels Brought Me Here" had Simon saying, "I think you've done enough to win the competition." On May 25, 2005, she became the fourth winner of American Idol, beating Southern rocker Bo Bice, and she joins Kelly Clarkson and Clay Aiken as the only contestants who have never been one of the "bottom three" singers during any week's results. During the season, Constantine Maroulis tried to flirt with her but she refused to go out with him.

Post-Idol career

As part of her title, Underwood gained a recording contract with Arista Records; her first single, "Inside Your Heaven", was released on June 14, 2005. The single debuted at #1 on the Billboard Hot 100, with first-week sales of 170,000 copies, and briefly stopped Mariah Carey's run at #1 with "We Belong Together." One week later, runner-up, Bo Bice, released his version of the song, which debuted at #2. Underwood's version was shunned by country radio reaching a peak of #59 on the country charts. [1] The B-side is "Independence Day", a cover of the Martina McBride hit.

Some Hearts CD Cover

Underwood performed a well-received "The Star Spangled Banner" before Game 4 of the 2005 NBA Finals at the Palace of Auburn Hills in Michigan. In the same year, she starred in ads for Hershey's Chocolate. The commercials have Underwood singing Hershey jingles like the jingles for Hershey's, Kit Kat and Almond Joy. She is also wearing vintage Hershey T-shirts that feature Hershey's, Almond Joy, Kit Kat, Reeses and other chocolate brand logos. The T-Shirts are now available to buy with proofs of purchase. Underwood is also the latest spokesperson for Skechers shoes, following in the footsteps of Britney Spears and Christina Aguilera.

Underwood's second single, "Jesus, Take The Wheel" was made available for radio airplay on October 18, 2005. It received so much airplay that it debuted at #39 on the Billboard Country Chart in its first week, setting a record. It is currently ranked at #1 in its thirteenth week on that chart. The single also debuted at #48 on the Billboard Hot 100 where it currently sits at #26 after reaching a peak at #25.

Her initial album release, entitled Some Hearts, hit store shelves on November 15, 2005. [2] On that same day, she presented an award and performed "Jesus, Take The Wheel" at the 39th Country Music Association awards in New York City. When the week's sales figures were tabulated, Some Hearts entered the Billboard 200 chart with 315,000 copies sold. The large first week sales of Some Hearts made it #1 on the Billboard Top Country Albums chart and the biggest debut of any country artist since the advent of the SoundScan system in 1990.

In December 2005, Underwood was named "Oklahoman of the Year" by Oklahoma Today magazine.

On January 9th 2006, Some Hearts was certified Double Platinum by the RIAA with shipments of over 2 million units, making it the fastest-selling debut country album in the history of Nielsen SoundScan.[3]

"Don't Forget to Remember Me" was recently announced as the next single. [4]

Personal life

As of November 2005, Carrie Underwood is currently dating Northeastern State University student Chad Eagleton. Pictures of the two of them surfaced when Chad Eagelton posted pictures of him and Carrie at the Maxim after party on his Facebook account. During American Idol she dated Drake Clark, also from Northeastern State University. Carrie Underwood and Drake Clark agreed to break it off since the two were not spending enough time together.

She is a big sports fan. Her favorite sports teams are the Boston Red Sox, Dallas Cowboys, and Los Angeles Lakers.

List of Underwood's performances on American Idol

Auditions and pre-performance rounds

  • St. Louis Auditions - "I Can't Make You Love Me" (Original Artist: Bonnie Raitt)
  • Hollywood 1 - "Young Hearts (Run Free)" (O.A.: Candi Staton)"
  • Hollywood 2 - "Independence Day" (O.A.: Martina McBride)

Live performances

  • Semi-Final Performance 1 (Women Top 12) - "Could've Been" (O.A.: Tiffany)
  • Semi-Final Performance 2 (Women Top 10) - "Piece of My Heart" (O.A.: Faith Hill's version of Janis Joplin's classic)
  • Semi-Final Performance 3 (Women Top 8) - "Because You Love Me" (O.A.: Jo Dee Messina)
  • Finals Top 12 Performance (Songs of the 60's) - "When Will I Be Loved" (O.A.: The Everly Brothers)
  • Finals Top 11 Performance (Billboard #1's) - "Alone" (O.A.: Heart)
  • Finals Top 10 Performance (Songs of the 90's) - "Independence Day" (O.A.: Martina McBride)
  • Finals Top 9 Performance (Broadway Musicals) - "Hello Young Lovers" (O.A.: Johnny Mathis)
  • Finals Top 8 Performance (Songs from Contestants' Birthyear) - "Love Is a Battlefield" (O.A.: Pat Benatar)
  • Finals Top 7 Performance (70's Dance Music) - "MacArthur Park" (O.A.: Donna Summer's version of Richard Harris' hit)
  • Finals Top 6 Performance (Songs of the 21st Century) - "When God Fearin' Women Get the Blues" (O.A.: Martina McBride)
  • Finals Top 5 Performance 1 (Leiber and Stoller Songs) - "Trouble" (O.A.: Elvis Presley)
  • Finals Top 5 Performance 2 (Billboard top 40) - "Bless the Broken Road" (O.A.: Rascal Flatts' version of Marcus Hummon's "Bless the Broken Road")
  • Finals Top 4 Performance 1 (Nashville Songs) - "Sin Wagon" (O.A.: The Dixie Chicks)
  • Finals Top 4 Performance 2 (Gamble and Huff Songs) - "If You Don't Know Me by Now" (O.A.: Harold Melvin & the Blue Notes)
  • Finals Top 3 Performance 1 (Clive Davis' choice) - "Crying" (O.A.: Roy Orbison)
  • Finals Top 3 Performance 2 (Performer's choice) - "Making Love out of Nothing at All" (O.A.: Air Supply)
  • Finals Top 3 Performance 3 (Judges' choice) - "Man! I Feel Like a Woman!" (O.A.: Shania Twain)
  • Finals Top 2 Performance 1 (new song written for AI) - "Inside Your Heaven"
  • Finals Top 2 Performance 2 (favorite from season) - "Independence Day" (O.A.: Martina McBride)
  • Finals Top 2 Performance 3 (song originally written for Australian Idol) - "Angels Brought Me Here" (O.A.: Guy Sebastian)
  • Final Results Show (duet with Bo Bice) - "Up Where We Belong" (O.A.: Jennifer Warnes and Joe Cocker)
  • Final Results Show (performance with Rascal Flatts) - "Bless the Broken Road"
  • Final Results Show (post-win performance of first single) - "Inside Your Heaven"

Discography

Albums

Singles

Awards

2005 Billboard Music Awards

  • Top-Selling Hot 100 Song of the Year: "Inside Your Heaven/Independence Day," Carrie Underwood (Won)
  • Country Single Sales Artist of the Year: Carrie Underwood (Won)
  • Top-Selling Country Single of the Year: "Inside Your Heaven/Independence Day," Carrie Underwood (Won)

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2005 Billboard Music Awards. Iran came under increasing pressure from the European Union in regard to their program to build nuclear power plants.[32]. Her favorite sports teams are the Boston Red Sox, Dallas Cowboys, and Los Angeles Lakers. [31]. She is a big sports fan. Venezuela's president, Hugo Chávez, came under increasing scrutiny as he began selling oil at lower-than-market prices to island nations in the Caribbean. Carrie Underwood and Drake Clark agreed to break it off since the two were not spending enough time together. In some cases this has led to fuel rationing being enacted.

During American Idol she dated Drake Clark, also from Northeastern State University. High oil prices have created an oil supply instability, per barrel price instability or both. Pictures of the two of them surfaced when Chad Eagelton posted pictures of him and Carrie at the Maxim after party on his Facebook account. High oil prices are hurting many countries in Africa, including Zimbabwe, Eritrea and Tanzania. As of November 2005, Carrie Underwood is currently dating Northeastern State University student Chad Eagleton.
. [4]. The Pacific rim had been experiencing this crisis on an ongoing basis prior to Hurricane Katrina.

"Don't Forget to Remember Me" was recently announced as the next single. This will likely cause inflationary pressures. On January 9th 2006, Some Hearts was certified Double Platinum by the RIAA with shipments of over 2 million units, making it the fastest-selling debut country album in the history of Nielsen SoundScan.[3]. Wal-Mart, like all retailers, will also face higher shipping costs to get goods from the factory to the stores. In December 2005, Underwood was named "Oklahoman of the Year" by Oklahoma Today magazine. Because Wal-Mart's distribution system relies on the customer to drive to a large discount big-box store, increases in the price of fuel might discourage some customers from making the trip as often. The large first week sales of Some Hearts made it #1 on the Billboard Top Country Albums chart and the biggest debut of any country artist since the advent of the SoundScan system in 1990. Since oil prices after the end of the 2nd quarter continued to rise, 3rd quarter profits from Wal-Mart are expected to be small.

When the week's sales figures were tabulated, Some Hearts entered the Billboard 200 chart with 315,000 copies sold. [26] Earlier in August, Wal-Mart announced that higher than expected oil prices cut into the corporation's profits for the 2nd quarter of 2005. [2] On that same day, she presented an award and performed "Jesus, Take The Wheel" at the 39th Country Music Association awards in New York City. Over two years, stock in Wal-Mart dropped in value by 25% from $60 per share to under $45 per share. Her initial album release, entitled Some Hearts, hit store shelves on November 15, 2005. Wal-Mart shares continued their decrease in value that began with the increase in the oil prices. The single also debuted at #48 on the Billboard Hot 100 where it currently sits at #26 after reaching a peak at #25. [25].

It is currently ranked at #1 in its thirteenth week on that chart. These prices increased more rapidly toward the end of August, particularly after Hurricane Katrina. It received so much airplay that it debuted at #39 on the Billboard Country Chart in its first week, setting a record. The value of the stock in companies such as Apache[23] and Conoco-Phillips [24] rose sharply during this period. Underwood's second single, "Jesus, Take The Wheel" was made available for radio airplay on October 18, 2005. The increase in oil prices over two years was mirrored by an increase in stock values in the energy sector. Underwood is also the latest spokesperson for Skechers shoes, following in the footsteps of Britney Spears and Christina Aguilera. There is an increasing demand of crossover sport utilities which are more fuel efficient - especially for those based on passenger car platforms.

The T-Shirts are now available to buy with proofs of purchase. There is also an ever increasing market for hybrid vehicles since they are more fuel efficient; since the 1973 energy crisis, the front-wheel drive passenger car has replaced rear-wheel drive as the preferred layout for energy efficient cars. She is also wearing vintage Hershey T-shirts that feature Hershey's, Almond Joy, Kit Kat, Reeses and other chocolate brand logos. The September 2005 sales data for all the vehicles vendor indicated SUV sales dropped while small cars sales increased compared with 2004 sales. The commercials have Underwood singing Hershey jingles like the jingles for Hershey's, Kit Kat and Almond Joy. Recent years have seen a move towards more fuel-thirsty sport utility vehicles in the United States and Canada, and this may be stopped by the high price of gas. In the same year, she starred in ads for Hershey's Chocolate. The increased price of oil might also encourage greater fuel efficiency.

Underwood performed a well-received "The Star Spangled Banner" before Game 4 of the 2005 NBA Finals at the Palace of Auburn Hills in Michigan. Recent months have seen billions of dollars invested in the oil sands. [1] The B-side is "Independence Day", a cover of the Martina McBride hit. They are a far less cost efficient source of oil than crude, but at 60 dollars a barrel, the tar have recently become very attractive to businesses. Underwood's version was shunned by country radio reaching a peak of #59 on the country charts. The most prominent example of this are the massive reserves of the Canadian tar sands. The single debuted at #1 on the Billboard Hot 100, with first-week sales of 170,000 copies, and briefly stopped Mariah Carey's run at #1 with "We Belong Together." One week later, runner-up, Bo Bice, released his version of the song, which debuted at #2. The increased price of oil also makes previously impractical sources of oil attractive to businesses.

As part of her title, Underwood gained a recording contract with Arista Records; her first single, "Inside Your Heaven", was released on June 14, 2005. Outside the US, more than 50% of oil is consumed for stationary, non-transportation purposes such as electricity production where it is relatively easy to substitute natural gas for oil. During the season, Constantine Maroulis tried to flirt with her but she refused to go out with him. Nigeria is working on burning natural gas to produce electricity instead of simply flaring the gas. On her last song of the night in the final two, Carrie's spectacular performance of "Angels Brought Me Here" had Simon saying, "I think you've done enough to win the competition." On May 25, 2005, she became the fourth winner of American Idol, beating Southern rocker Bo Bice, and she joins Kelly Clarkson and Clay Aiken as the only contestants who have never been one of the "bottom three" singers during any week's results. For example, China and India are currently heavily investing in natural gas facilities. I will make a prediction, not only will you win this competition, but you will sell more records than any other previous 'Idol' winner." Cowell went on to say on the March 30 show that she has the "it factor" that will make her a star. Economists say that the substitution effect will spur demand for alternate energy sources, such as coal or liquified natural gas.

On the March 22 show, after a performance of Heart's "Alone", Simon Cowell said, "Carrie, you're not just the girl to beat, you're the person to beat. As a result during this period the Federal Reserve has rapidly been increasing interest rates to curb inflation. After singing Martina McBride's "Independence Day" Simon Cowell said he couldn't believe no one has discovered her yet. This was driven by a 4.2% increase in energy costs. She can also play piano and yodel, the latter of which was demonstrated on the Tonight Show the night after she won. In the United States, the Consumer Price Index rose by 0.6% compared to 0.2% for September. On the April 20 elimination show, Underwood demonstrated her ability to play the guitar. Inflation has increased.

Underwood's musical influences include pop, but are predominantly country; she stated during Idol auditions that her favorite singer is Martina McBride. Despite the rapid increase in the price of oil, neither the stock markets nor the growth of the global economy have been noticeably affected. She also competed in numerous beauty pageants at the university and was selected as Miss NSU runner-up in 2004. But oil's historically high ratio of Energy Returned on Energy Invested continues a significant decline. Underwood attended Northeastern State University, where she majored in mass communication and is a member of Sigma Sigma Sigma sorority. In the United States, for instance, each $1000 dollars in GDP required 2.4 barrels of oil in 1973 when adjusted for inflation this number had fallen to 1.15 by 2001. Underwood graduated from Checotah High School in 2001 as salutatorian. While total consumption has increased [22], the western economies are less reliant on oil than they were twenty-five years ago, due to substantial growths in productivity.

At the age of 13, her manager at the time tried to get a recording contract at Capitol Records, but due to management changes at Capitol it never materialized. This could well be the case if a major storm were to hit the gulf, where the reserve is located. Carrie Underwood was born in Muskogee, Oklahoma and raised in a farm in Checotah, Oklahoma. demand for about a month in the event of an emergency, unless it is also destroyed in the emergency. . The American Strategic Petroleum Reserve could on its own supply current U.S. Carrie Marie Underwood (born March 10, 1983) is an American country singer who rose to fame as the winner of the fourth season of American Idol. Nevertheless, that loss of revenue would put a strain on government balance sheets.

Top-Selling Country Single of the Year: "Inside Your Heaven/Independence Day," Carrie Underwood (Won). Most economists see this as unlikely, partly because all developed countries have high fuel taxes that decrease as oil prices increase and can be eliminated in the event of a dramatic price spike. Country Single Sales Artist of the Year: Carrie Underwood (Won). Some see these increases in the price of oil leading to a recession comparable to those that followed the 1973 and 1979 energy crises or a potentially worse situation such as a global oil crash. Top-Selling Hot 100 Song of the Year: "Inside Your Heaven/Independence Day," Carrie Underwood (Won). There is controversy regarding the potential effects of oil-price shocks. Final Results Show (post-win performance of first single) - "Inside Your Heaven". the implications for the oil market are global."[21].

Final Results Show (performance with Rascal Flatts) - "Bless the Broken Road". [19] [20] The press release from the IEA states, ".. Final Results Show (duet with Bo Bice) - "Up Where We Belong" (O.A.: Jennifer Warnes and Joe Cocker). These supplies would begin entering the US markets within two weeks of 2 September. Finals Top 2 Performance 3 (song originally written for Australian Idol) - "Angels Brought Me Here" (O.A.: Guy Sebastian). In order to stabilize world energy supplies, the International Energy Agency offered to sell two million barrels of crude oil and other refined products from national supplies. Finals Top 2 Performance 2 (favorite from season) - "Independence Day" (O.A.: Martina McBride). Bush stated, "This storm has disrupted the ability to make gasoline and deliver gasoline," and "This is going to be a difficult road."[18] Many people have observed however that stores of crude oil do little to address inadequate refinery and distribution capacity.

Finals Top 2 Performance 1 (new song written for AI) - "Inside Your Heaven". EDT, on 31 August, President Bush announced the Energy Department was approving loans from the Strategic Petroleum Reserve and that EPA announced nationwide waver on fuel blends. Finals Top 3 Performance 3 (Judges' choice) - "Man! I Feel Like a Woman!" (O.A.: Shania Twain). On 5:10 p.m. Finals Top 3 Performance 2 (Performer's choice) - "Making Love out of Nothing at All" (O.A.: Air Supply). Airports began to report shortages in aviation fuel on 2 September.[15] A shortage could lead to a decrease in food production.[16] Higher prices for heating oil and natural gas were expected as the winter heating season set in.[17]. Finals Top 3 Performance 1 (Clive Davis' choice) - "Crying" (O.A.: Roy Orbison). [14] Many of these were blamed on panic buying.

Finals Top 4 Performance 2 (Gamble and Huff Songs) - "If You Don't Know Me by Now" (O.A.: Harold Melvin & the Blue Notes). Shortages were feared or experienced in several states including Tennessee [12], Alabama [13], and South Carolina. Finals Top 4 Performance 1 (Nashville Songs) - "Sin Wagon" (O.A.: The Dixie Chicks). In Stockbridge, Georgia, regular gas prices came to $5.87 at a BP station. Finals Top 5 Performance 2 (Billboard top 40) - "Bless the Broken Road" (O.A.: Rascal Flatts' version of Marcus Hummon's "Bless the Broken Road"). Gas prices soared after the closing down of the major pipelines connecting the gas of the Louisiana region to the entire East Coast. Finals Top 5 Performance 1 (Leiber and Stoller Songs) - "Trouble" (O.A.: Elvis Presley). [11].

Finals Top 6 Performance (Songs of the 21st Century) - "When God Fearin' Women Get the Blues" (O.A.: Martina McBride). Louisiana Offshore Oil Port has not. Finals Top 7 Performance (70's Dance Music) - "MacArthur Park" (O.A.: Donna Summer's version of Richard Harris' hit). Port Fourchon has also suffered long term damage. Finals Top 8 Performance (Songs from Contestants' Birthyear) - "Love Is a Battlefield" (O.A.: Pat Benatar). The port of Louisiana is one of its most important inlet for oil imports, and the gulf itself is a major oil producer. Finals Top 9 Performance (Broadway Musicals) - "Hello Young Lovers" (O.A.: Johnny Mathis). The Gulf Coast is home to a major portion of America's refining capacity.

Finals Top 10 Performance (Songs of the 90's) - "Independence Day" (O.A.: Martina McBride). Hurricane Katrina had a major impact on oil and gas prices, especially within the United States. Finals Top 11 Performance (Billboard #1's) - "Alone" (O.A.: Heart). Continued concerns about Iran raised the price to $68.38 on January 31.[10]. Finals Top 12 Performance (Songs of the 60's) - "When Will I Be Loved" (O.A.: The Everly Brothers). Observers believe that violence in Nigeria, and Iran's friction with the West are responsible for this price increase. Semi-Final Performance 3 (Women Top 8) - "Because You Love Me" (O.A.: Jo Dee Messina). This was the highest increase since early October 2005.

Semi-Final Performance 2 (Women Top 10) - "Piece of My Heart" (O.A.: Faith Hill's version of Janis Joplin's classic). On January 17, sweet crude oil for February delivery rose by $2.38 (3.7%) to $66.30 a barrel. Semi-Final Performance 1 (Women Top 12) - "Could've Been" (O.A.: Tiffany). As a result, shortage of a particular grade of oil can keep street prices high, even when overall supply exceeds demand. Hollywood 2 - "Independence Day" (O.A.: Martina McBride). In addition, there are different grades of oil and each refinery is typically configured to process a narrow range of grades. Hollywood 1 - "Young Hearts (Run Free)" (O.A.: Candi Staton)". While the street price of gasoline usually corresponds to the price of crude oil, refinery capacity can become the governing factor, particularly during periods of high demand.

Louis Auditions - "I Can't Make You Love Me" (Original Artist: Bonnie Raitt). Over the course of three weeks leading up to August 10, crude oil prices had risen by 13%. St. During mid-August, with a string of refinery snags (fires/other deterrents to oil refining), shrinking gasoline inventories, and a growing thirst for oil by American consumers, New York Mercantile Exchange traded crude oil futures surged past the $66 mark and briefly touched $67/barrel. influence. Saudi Arabian King Fahd's death on August 1, 2005, meant a new regime that may be less amicable to U.S.

In June 2005 crude oil prices surged to record highs eventually breaking the psychological barrier of $60. It then reversed course and headed to an all time high of $58.28, driven mainly by lingering concerns of a prolonged weak dollar. In April 2005 the price began to fall, reaching $53.32 on April 9. On March 16, 2005, the price surpassed the October 2004 high of $55.17 to close at $56.46.

The price of light, sweet crude oil on NYMEX has been above $50/barrel since March 5, 2005. After retreating for several months during the winter of 2004/2005, prices rose to new highs in March 2005. These analysts believe the problem would be solved by increasing the efficiency of factories, homes and transportation and easing the demand crunch by using less energy and more renewable energy. Still others suggest that the main issue is a lack of energy efficiency in industry.

A July 14, 2005 Morgan Stanley report[9] suggests that opinions of the oil market could burst just like a bubble if indications of declining Asian demand continue. If these speculators are wrong, current prices may actually be a price bubble, and the price could thus collapse. These people argue that speculators foresee increasing demand, decreasing supply, or both, leading to a long term increase in the price of oil. Others believe that the price of oil is almost entirely speculative, and that the increase in price is due to oil speculation extending into the long term.

Not only is there a limited amount of fossil fuels which have been burnt as fuel, but however much remains will be used faster by a growing industrialized world population and what remains will be more dificult to get since the easiest wells have been tapped and the remaining sources will be fought over in resource wars. A more fundamental problem that some believe is causing the price to rise is the probability of peak oil already or soon to be reached. Critics argue that these problems periodically push price higher, but that they are not fundamental or long term enough to cause the large jump in gas price. Some people and news agencies argue that labor strikes, hurricane threats to oil platforms, fires and terrorist threats at refineries, and other general problems are responsible for the higher gas prices.

Since oil is traded in dollars, the price must increase for OPEC to maintain buying power in Europe. One other important cause is the United States dollar's slump against the Euro. The short term price of oil is partially controlled by the OPEC cartel and the oligopoly of major oil companies. Even if oil supplies themselves are not reduced, some experts feel the easily accessible sources of light sweet crude are almost exhausted and in the future the world will depend on more expensive sources of oil.

Despite this there is increasing discussion of peak oil and the possibility that the future may see a reduced supply of oil. This rate of increase is faster than that of any other date in the past. World supply (specification) came in at 83 million barrels a day during 2004 in department of energy EIA calculations ([8]). Gas prices in the region, normally 70 cents below the national average, were at $3.12 on August 30.[7].

Short-term shutdowns because of power outages knocked out two major on-shore pipelines, and at least 10% of the nation's refining capacity was not operating in the wake of the storm. market. In late August, 2005, Hurricane Katrina crippled the supply-flow from off-shore rigs in the Gulf Coast, the largest source of oil for the domestic U.S. Outside the Middle East other oil producers have worried investors such as the strikes political problems in Venezuela and potential instability in West Africa.

The war in Iraq, Iran's nuclear program, and questions about Saudi Arabia's internal stability all could in the future lead to a dramatic fall in the supply of oil. One of the most important is growing turbulence in the Middle East, the world's largest oil producing region.
There are a number of reasons why oil traders feel that oil supplies might be reduced. Note: the total percentage exceeds 100 because the overall demand from all other countries decreased during the same period..

Department of Energy Energy Information Administration estimates: [6]. Sources of the world-consumption-increase in 2004 compared to 2003 (total increase of 3.4%), according to U.S. New demand is also coming from emerging industry in third world nations, including India and especially China which is developing a western-style car culture and whose manufacturing bases have grown very rapidly in recent years. economy currently accounts for one-quarter of all demand.

The U.S. market, the source of an increasing percentage of the world's demand for petroleum. High demand is led by the U.S. .

The previous high was $2.38 per gallon in March 1981, which would be $3.03 per gallon after adjusted for inflation.[4][5]. The average retail price was nearly $3.04 per gallon. In the United States gasoline prices reached an all time high during the first week of September 2005 in the aftermath of Hurricane Katrina. A record price of $70.85 per barrel was reached on August 29, 2005.[2] While oil prices are considerably higher than a year ago, they are still roughly 25$ from exceeding the inflation-adjusted "peak of the 1980 shock, when prices were over $90 a barrel in today’s prices" [3].

By August 11, 2005, the price had been above $60/barrel for over a week and a half. The price of standard crude oil on NYMEX was under $25/barrel in September 2003. At the same time, Cuba has experienced electricity shortages. These nations must resort to limiting imports or rationing their existing supplies.

Many countries in Sub-Saharan Africa lack the foreign exchange reserves (ie, Dollars) to purchase enough oil products at the ever increasingly higher prices. The Indonesian president had instituted subsidies to control the price of gasoline.[30]. A senior minister of Singapore expressed concern at the oil crisis in Indonesia.[29]. [27] New sources of energy were sought to deal with the crisis.[28].

In the Philippines, the oil crisis caused its public to call for immediate government assistance. combined other non-OECD: 21%. UK: 3.5%. Canada: 4%.

Asia outside Japan and China: 13.8%. US: 19.4%. China: 38.9%.

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