The Canadian Way: Passively Paying More At The Pump

By Jim Stanford, Globe and Mail "In the Middle East, fury over the rising cost of energy and other essentials sparked the overthrow of tyrants. In China, desperate truckers held spontaneous strikes to protest...

Fuel hikes are not the only consumer increases expected this year

Overall fuel retail sales have increased despite higher gas prices nearing $4.00 a gallon in most U.S. cities but the costs of rising paper and household products are likely to slow down consumer buying for those...

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...

The West’s Or Obama’s Oil Weapon

This was an  exclusive for Israelseen. Tsvi is a wonderful and insightful person. A futurist and historian. This piece was actually inspired by  a Shai Agasi interview on ted.com about the future of...

Oil Industry Leader Sends Message to Congress

American Petroleum Institute President Jack Gerard sent a letter to members of Congress Friday.  Below is the text of that letter with helpful links added (by me): "Dear Member of Congress: As the Congress...

Oil price slides to 20-month low

Despite hope from the oil markets that demand from China would see an end to the oil price slide prices today fell to a 20 month low. Wether this will be reflected anytime soon in price falls at fuel pumps is...

Devaluation of Pakistani Currency

"When Musharraf resigned few months back, the Pakistani rupee was hovering around Rs. 66 per dollar and oil prices were around $90 per barrel and when Musharraf was removed, i remember the famous Kamran Khan of Geo Tv shouting with emotions that Pakistan has been saved as...

Hugo Chavez and his War on The Empire

OCTOBER 29th 2008 (Utila Eastwind) Hugo Chavez has been making big waves on the international political scene and there is a growing argument that could, at least partially, lay the blame on him for the...

Futures Freeze as Stock Markets Plunge Despite Oil Prices Drop

As the trading day winded down in the East, western markets opened on a gloomy note as the UK is officially "on the brink of recession", even as OPEC initiates emergency measures to force oil prices to drop....

If you can’t earn anything in a savings account or T-bill, you might as wel...

If you can’t earn anything in a savings account or T-bill, you might as well have gold, right? The Nov NYMEX crude oil futures contract rolled to the Dec contract, which closed at $66.75. Overnight it rose to...

OPEC Ponders Price Drop as Oil Usage Declines

OPEC is divided on its pricing and supply strategy, with some nations favoring a decrease in output and a rise in prices, while others want the opposite. While they try to  present a unified front, countries that make up the Organization of Petroleum Exporting Countries...

Gasoline Price Makes Biggest Drop Ever

The average rate for a gallon of gasoline in the US fell drastically, as the largest drop on record.  Consumer demand, falling oil prices and the worldwide financial crisis have all driven the price of gas...

Crude Oil price fall could result in a production cut

Crude Oil price fall could result in a production cut The Nymex Crude Oil futures contract closed a bit higher than the day before at $90.06, from $88.96, although the chart is fairly clear-the crude oil trend is downward. We are sticking to our idea that a price of $80 is...

Stock Market News

My interest in this piece of news found on London stock exchange is to do with the oil prices going down. Hopefully even after the US Wall Street Bailout the oil prices will go back down to US$50 per barrel or less. High prices on oil have caused big problems in the...

UN Report Warns Nepal on Food Crisis

According to a report recently made public in Kathmandu by the United Nations World Food Program and the Nepal Development Research Council, about 5.6 million Nepalis are at food crisis risk. The report indicates that five million people in rural parts and six hundred...

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