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Wall Street is awash with oil
Raj Rajaratnam, founder of the worlds largest Hedge Fund group ‘Galleon’ was found guilty on Wednesday on nine counts of ‘securities fraud’ and five counts of 'conspiracy to commit fraud'. Rajaratnam is worth 1.6 billion, however, his crimes are ‘petty’... Oil prices fall on increased Opec output hopes
" Oil prices have fallen on hopes that the Opec cartel of oil producers might be about to boost production for the first time in two years. US light crude was down $1.61 at $103.84 a barrel, while Brent crude was down 85 cents at $114.19 a barrel. US crude oil prices been... Iraq Quadrupling Oil Production, OPEC Fears Price Collapse
" Iraq's latest oil field auctions, mostly involving partnerships with Russian and Chinese companies due to a dearth of U.S. companies even tendering, could bring total oil production to 12 million barrels per day. Believe it or not, Iraq is rapidly emerging as a rival to... Ecuador Wants Money Not to Drill for Oil
Ecuador's president Rafail Correa is in Europe attempting to generate interest in a scheme to have countries pay for Ecuador not to drill for oil in an Amazon Reserve. This area has been declared a biosphere...
created by Barbara McPherson | 2 years ago | updated 2 years ago
203 views | 12 recommendations | 3 comments
203 views | 12 recommendations | 3 comments
Gasoline Prices to Approach $5 Per Gallon by 2010!
If experts in the oil and gas and financial services industries are on target, Americans should expect to see fuel costs rise during the remainder of 2009. In particular, they should expect to see gas prices... Oil Is Plentiful, Demand Weak. Why Are Gas Prices Going Up?
I hate oil companies "Storage tankers across the globe may be brimming with oil that no one is buying because of the global economic downturn, but the traditional laws of supply and demand don't always apply to oil...
created by Leonard Brody | 2 years ago | updated 2 years ago
309 views | 14 recommendations | 3 comments
309 views | 14 recommendations | 3 comments
Venezuela looks further East: Chavez in Japan
Caracas, Venezuela, 6 April 2009. After including Japan in his international tour at a very short notice, Venezuelan President Hugo Chavez visited Tokyo on Monday. Chavez met with Japanese Prime Minister Taro Aso... Venezuela and Iran enhance economic and political relations
During the Middle East leg of his international tour, Venezuelan President, Hugo Chavez, paid a visit to Tehran over the weekend. At the conclusion of the official visit to Iran, Venezuelan Head of State... Venezuela investigates US official over plot against gov
Venezuelan President Hugo Chavez warned US Embassy that one of its officials may soon be declared persona non grata. This warning comes after allegations over a meeting that took place between opposition... Chavez: US heating oil program never suspended
Despite earlier allegations against the Venezuela social assistance to the American poor, Venezuelan President Hugo Chavez confirmed the heating oil programme was never suspended. «They are speculating on... Gas exporters form new organization not a cartel
After months of negotiations, main gas producing countries agreed to form an Organisation to protect their common energy interests. The initiative has been criticised by those fearing the formation of a... Leaderless Venezuelan Opposition damns Chavez vote bid
The following BBC article attempts to portray recent political events in Venezuela. Adopting the view of local opposition, it reports on the reaction to prospects of extending Chavez´s tenure in... Venezuela, Russia end VenRus 2008 naval exercises
In the first ever military presence in the region after the end of the Cold War, Russia participated with Venezuela in a joint naval exercise called VenRus 2008. This military cooperation heralds the beginning of... Ahmadinejad addresses nation on economy
President Mahmoud Ahmadinejad defended his reform plan to boost the Iranian economy. However, plans to introduce VAT and replace subsidies with cash payments to individuals have not been hailed at the...Venezuela: Chavez urges quick action to end term limits (Updated)
" UPDATES: Venezuelan President Hugo Chavez says he expects a referendum in February on a constitutional amendment which would let him seek indefinite re-election. Mr Chavez, who announced his intention to run...NowPublic on Facebook
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