oil prices

China's Energy Demand Increases Global Pressure to Seek Out New Sources

aboey — Fri, 28 Nov 2008 00:55:02 -0600

China’s escalating energy consumption places increasing stress on the world’s energy prices, leading to mounting global pressures to seek potential energy supplies through technology and exploration.

Falling Oil Prices Ease Economic Pain in Asia

admin_huliq — Wed, 19 Nov 2008 06:43:13 -0600

Oil prices are now more than 60 percent off their record highs in July. Although the oil price still remains above $50 a barrel, in Asia, consumers and governments are benefitting from the decline. VOA's Kate Pound Dawson in Bangkok takes a look at what cheaper oil means for the region.

Oil prices drop as inventories grow

admin_huliq — Fri, 17 Oct 2008 07:59:32 -0500

International oil prices sank on Thursday as investors worried that a looming global recession will lower demand for crude oil.

Oil Is Up $20 in One Day

admin_huliq — Mon, 22 Sep 2008 14:02:31 -0500

It appears our turbulent economic situation has just spilled over into the oil market. The dollar, obviously driven down by our current economic mess, is losing value fast. So people are trading their dollars in for oil and gold. As a result, crude closed around $120 a barrel today.

Oil Falls More Than Dollar In Asia

admin_huliq — Tue, 16 Sep 2008 01:45:00 -0500

Oil prices dropped more than U.S. Dollar in Asian trade on Tuesday after the collapse of US investment bank Lehman Brothers accentuated fears for global economic health.

Gustav Bludgeons Oil Prices, Spares People

erku — Tue, 02 Sep 2008 10:54:05 -0500

In a great twist of irony, Hurricane Gustav did more for lowering the nation's gas bills than any of our congressmen could muster. Forget about "evil speculators."

Oil price hangs around USD 120 after pipeline shutdown

admin_huliq — Fri, 08 Aug 2008 08:00:56 -0500

Oil prices held around USD 120 a barrel in Asian trade on Friday on jitters sparked by the disruption of a pipeline carrying crude from Central Asia to the West, dealers said.

Exxon's Reports Biggest Quarterly Profit Ever By Any U.S. Corporation

admin_huliq — Thu, 31 Jul 2008 08:53:43 -0500

Exxon Mobil doesn't say its earnings are the biggest every, but says rather in a more modest way. It's the calculators and the analysts are the once who said that Exxon made the biggest quarterly profit ever made by any U.S. company. I thought it was earlier said that the Oil companies do not benefit and don't like the rising oil prices...

How to Bring Down Oil Prices Now

admin_huliq — Mon, 28 Jul 2008 11:44:00 -0500

Economists have ignored in the name of free trade the unfortunate consequences of the trade deficits which are rapidly converting us into a second-rate power and turning our enemies and potential enemies into industrial powers. Imports of oil are responsible for nearly half of the trade deficit so far this year.

OPEC President Warns No End To Oil Price Rise

admin_huliq — Sun, 06 Jul 2008 20:38:32 -0500

OPEC President Chakib Khelil has warned that oil prices will continue to rise because of the falling dollar, he rejected the theory that oil cartel members were against boosting production to put a downward pressure on prices.

Iran warns of higher oil prices if attacked

admin_huliq — Sat, 05 Jul 2008 12:24:26 -0500

Global oil prices will jump to unprecedented levels in case of any aggression against Iran, the country's oil minister said on Saturday.

Thirty Years of Useless Polticians on Oil Prices

admin_huliq — Thu, 03 Jul 2008 07:38:53 -0500

This is a pretty sad situation on oil and gas prices. So, don't get your hopes up on any of these politician empty promises. Its time to come together with one voice and demand that Congress do something, and I'm not talking about nationalizing oil.