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crude oil

What America Doesn't Know About Gas Prices

July 7, 2011 by Silvio Marcacci
with 678 views
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Most Americans know the price of gasoline better than the cost of almost anything else they buy regularly. But do they know all the factors that go into that price, or even the source of the crude oil used to make their gas? energyNOW! special correspondent Josh Zepps takes an inside look at everything that goes into the price of gas - from the ground to your tank - and explains why crude oil costs so much in the first place, where most of that oil comes from, and why the gas you buy varies from season to season, and place to place. [read more]

The Cost of A Tougher Iranian Oil Boycott

June 1, 2011 by Geoffrey Styles
with 276 views
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Today's Wall St. Journal (subscription required) includes an op-ed calling for a stricter US boycott of Iran than the current one that prohibits importing Iranian oil. The proposal from Reuel Marc Gerecht and Mark Dubowitz of the Foundation for the Defense of Democracies would go a step farther, barring the importation of petroleum... [read more]

Energy news and outlook: 2011 will look very similar to 2010

January 3, 2011 by Michael Giberson
with 633 views
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A handful of energy news stories and commentary on the energy outlook: John Tierney’s energy resource optimism and James Hamilton’s response at Econbrowser. I like the response of the first commenter, Ricardo, to Hamilton: “It is not that crude oil will be with us forever but that energy sources will always give us more and better... [read more]

NYMEX crude oil prices surge above $86 to 17-month high on economic recovery

April 6, 2010 by Ee Mien Low
with 273 views
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bloomberg.com : Crude oil prices surged to the highest level in 17 months as growth in American jobs and service industries signaled that the economy is recovering from the worst recession since the 1930s. NYMEX crude oil prices for May 2010 delivery increased $1.75 to settle at $86.62, the highest closing price since 8 Oct 2008. The... [read more]

Shell cuts 5000 jobs as 2009 Q3 profits down 73%, hit by falling oil prices

January 4, 2010 by Ee Mien Low
with 101 views
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news.yahoo.com [1] [2] : Shell, Europe's largest oil company by market value, said it was cutting 5,000 jobs to tackle the tough economic environment. Shell said 2009 Q3 net profits fell 73%, hit by falling oil and gas prices and refining margins, and Shell CEO Peter Voser warned of a slow recovery, amidst renewed fears the global... [read more]

Russia overtakes Saudi Arabia, tops global oil production

October 13, 2009 by Ee Mien Low
with 227 views
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peakoil.com -> officialwire.com : Russia is pumping more oil than ever before, counteracting OPEC production cut efforts to influence the crude price. Russia in September produced 10 million barrels of oil per day [mbpd], a new record for the country that recently surpassed Saudi Arabia as the world's biggest oil producer. The... [read more]

Book Review: Crude World

September 22, 2009 by Robert Rapier
with 219 views
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IntroductionIt succors and drowns human life. And for the last eight years, oil — and the people and places that make it — was my obsession. - Peter MaassToday a new book by Peter Maass was released. The book is called Crude World: The Violent Twilight of Oil. Peter Maass is a name you may know from a 2005 article that he wrote for the... [read more]

Crude oil hits $120.36 record on Nigeria, economic data

May 5, 2008 by Ee Mien Low
with 88 views
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This article belongs to the NYMEX crude oil price records story arc. bloomberg.com : Crude oil traded near a record $120.36 a barrel in New York after a report yesterday [5 May 2008] showed US service industries expanded in April, signaling higher energy use. The Institute for Supply Management's [ISM] index of non-manufacturing... [read more]