US stocks tumble after Saudi attack

US blue-chip stocks fell on Monday as oil prices nudged higher after an attack on a US consulate in Saudi Arabia, but technology stocks rose, helped by a broker’s hike in earnings and revenue estimates for Apple Computer.

Campesinos Vs Oil Industry: Bolivia Takes On Goliath Of Globalization

Olivera — a shoe factory worker by trade — says oil and gas are vital to the sort of country the people are creating. “We want a different country,” he says, “and for that we need an economic base.” He sees Bolivia’s oil and gas reserves — second only to Venezuela on the continent — as the obvious economic foundation.

The Oil Trap

Nobody – not even George Bush and Dick Cheney – believes that the
Earth is producing more petroleum, at least not within an interval of
time or at a scale to be of any use to us or to our successors.

OPEC Nations Seen Cutting Worldwide Deposits in Dollars

Member nations of the Organization of the Petroleum Exporting Countries have cut the proportion of their deposits denominated in dollars by more than 13 percentage points in the past three years, mainly to the advantage of the euro, the Bank for International Settlements said Sunday.