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Huliq News Tagged: "oil supply"

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Pickens Plan Breaks Foreign Oil Dependency At Pickensplan.com

Yesterday Texas oilman T. Boone Pickens gave an extended account of his plan to break America's dependency on foreign oil. With a combination of domestic natural gas and renewable alternative, T. Boone Pickens offers an action plan to save America's energy future. The campaign website, Pickensplan.Com, went live today and has already gained much popularity being the number one searched topic in Google.

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Americans Cut Back On Driving As Gas Prices All Time High

Faced with ever-rising gasoline prices, more and more Americans are cutting back on driving. We're taking shorter vacations and turning to buses, subways, light-rail trains, motorcycles – even bicycles – to get around town.

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Higher gasoline prices mostly caused by falling supply

I have been thinking that increasing world-wide demand was causing oil prices to rise, but I was wrong. The main reason that oil prices have been rising is the constriction of oil supply.

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Record Crude Prices Blamed on OPEC, Traders, Hurricanes

According to Bloomberg, crude oil prices rose near record levels again because the National Oceanic and Atmospheric Administration warned of a more severe hurricane season than originally forecast.

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Oil Rises 135 Dollars For Barrel in Asian Trade

Crude oil prices rised past USD $135 a barrel for the first time on Wednesday, continuing its astonishing rise following unexpected drops in US crude and gasoline stocks in a tight market, dealers said.

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OPEC Ministers Gather In Rome To Address High Oil Prices

Oil Ministers from the 12 Organisation of Petroleum Exporting Countries (OPEC) join chief executives of major producers in Rome for an International Energy Forum that begins on Sunday.

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Massive Oil Deposit Could Increase US Reserves by 10 Times

The national security of the United States of America is tied first and foremost to our energy requirements. These requirements MUST be independent of all foreign entanglements, they must be purely American. There is no legitimate reason why Americans should be paying $3.00 to $3.50 at the pump for regular gasoline while Corporate Oil giants are reaping billions of dollars in pure profits. This simply should not be. It is tantamount to an economic rape of the American consumer and our role in the national economy.

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Bakken Oil Formation Field Holds Massive Oil Reserves

North Dakota's Bakken Formation Oil Field may hold ten times more oil than all U.S. oil fields together, according to censor.net.ua. If this is confirmed will Bakken Oil Formation make OPEC irrelevant?

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Oil falls below $100 US slowdown concern

Crude oil fell below 100 dollar a barrel after a US government report showed demand dropped and investors sold commodities on concern an economic slowdown will lower consumption.

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Oil eases below USD 105 in Asian trade on US concerns

Oil prices fell below USD 105 per barrel in Asian trade today, off last week's record levels amid fresh concerns over the US economy, the world's biggest energy user, dealers said.

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Oil Ministers Arrive To Vienna For OPEC Meeting - Opening Address

Opening address to the 148th Meeting of the OPEC Conference by HE Dr. Chakib Khelil, Minister of Energy and Mines of Algeria and President of the Conference.

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Oil price reaches $103 a barrel

Oil prices surpassed $103 a barrel for the first time on Friday as persistent weakness in the US dollar and the prospect of lower interest rates attracted fresh money to the oil market.

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