A person might think that oil prices would be fairly stable. Unfortunately, it doesn’t seem to work that way recently. Let me explain at least a few of the issues involved.
Articles: Oil (7487)
Oil prices plunged to a four year low of just $85 per barrel this week – down from around $115 as recently as mid-June.
The price plunge which began in mid-June when New York oil futures trading around $105 a barrel continued this week with oil touching $80 on Wednesday before recovering to close at $81.78.
A weekly review including Oil and the Global Economy, The Middle East & North Africa, China, Ukraine, Quote of the Week, The Briefs.
Where is George Orwell when you need him? It is a supreme irony that cornucopian oil industry mouthpiece and consultant Daniel Yergin should receive America's first medal for energy security named after James Schlesinger, the first U.S. energy secretary.
Those 24 Gboe (oil and gas) hotly debated during the independence campaign appear to be largely exagerated because half of that includes additional and yet-to-find resources the development of which is uncertain.
You can’t understand the predicament we’re in until you can see the oil that saturates every single aspect of our life. What follows is a life cycle of a simple object, the pencil.
Over the weekend The New York Times published what could very well be the dumbest column Thomas Friedman has ever written.
It is a staple of apologists for the chemical and fossil fuel industries to say, "We have no proof that what you are talking about is dangerous." Let me restate that in probabilistic terms: "We are highly uncertain about the harm of what you are talking about."
A weekly review including: Oil and the Global Economy, The Middle East & North Africa, Ukraine, Quote of the Week, The Briefs