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Why do people think that a stateowned oil company that would make gas cheap and employ 1000s is evilCommunism?
23 hours ago ago from AgroTour Israel - A Guide to Israeli Agriculture Tourism
When I lived in Alaska during the 04 elections there was a proposition by some candidate that I don't know the name of that suggested that Alaska state should allow the residents of Alaska to vote for or against a State owned oil and refinery company. and a month or so before the 04elections the idea was scrapped. The theory of the state owned oil company is that since the oil right in Alaska are on state land then it is owned by the state ...
Related contentOil falls further below $70 on 9th day of slide
3 hours ago ago from Finance Room
Oil prices have fallen more than $8 a barrel since December 1 in the longest price slide since July 2001, as rising inventory levels in the United States showed a sluggish recovery in oil demand from the recession. On Monday, Crude for January delivery fell 36 cents to settle at $69.51 a barrel. Brent crude traded up 1 cent to settle at $71.89 a barrel. The fundamentals of oil demand are weak, and as the year comes to an end, people ...
Related contentOil Prices: Forecast and Trends
9 hours ago ago from Wealth Daily
There's no better time than now to go long oil. NYMEX futures hit a 9-day slide downward. A rising dollar , robust U.S. domestic petroleum stockpiles, and a potentially momentous Fed announcement are all being counted against crude. From a technical standpoint, though, we're staring at a key reversal point for oil heading into 2010. Below, we see a chart of the United States Oil Fund ETF (NYSE: USO). USO tracks high-quality West Texas ...
Related contentOpec countries to invest $120bn
1 hour, 48 minutes ago ago from Macor Shipping
More than 120 upstream projects worth $120 billion (Dh440bn) will be taken up in Opec countries in the next five years, according to the organisation. Members of the Organisation of Oil Producing and Exporting Countries (Opec) will not leave their plans for upstream capacity expansion in the wake of sober oil demand projections. Data available from Opec World Oil Outlook for 2009 states that 120 projects worth $120bn will be taken up in Opec ...
Related contentDoubts about energy demand send oil prices down for ninth straight day (Oil-Prices)
9 hours ago ago from Oilweek Online
NEW YORK _ Oil prices fell for the ninth straight day Monday, dipping below US$68 per barrel on persistent concerns about high inventories and weak demand.Retail gasoline prices in the United States have slipped for weeks as well, falling overnight by less than a penny to $2.603 per gallon.In Canada, the price averaged 98.1 cents Canadian per litre, according ot price-watching website GasBuddy.com.The U.S. government is due to release it`s ...
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Oil retreats for 9th day
12 hours ago ago from CNN Money
Click chart to view other commodity prices. Prices at the pump can vary widely among states, due in large part to vastly different levels of gasoline tax. More Quick Vote Which type of investments will you focus on in 2010? U.S. stocks Emerging markets Bonds Commodities Im sticking with old-fashioned bank accounts LONDON ...
Related contentMont. oil output drops but high prices soften blow
14 hours ago ago from U.S. News
Mont. oil output drops but high prices soften blow BILLINGS, Mont. (AP) -- Oil production in Montana is off by about 30 percent from its high three years ago, but state officials said rebounding energy prices have staved off a sharp hit to the state's budget. That's a rare bit of good news - or at least not-so-bad news - for state revenue officials tracking a steady decline in corporate and income taxes caused by the recession. ...
Related contentJames Denselow: Iraq hits Black Gold
19 hours ago ago from Huffington Post
The timing could not have been worse. On Tuesday afternoon, set against the sleek backdrop of a London hotel, the vice-chairman of Iraq's oil and gas committee, Abdul-Hadi al-Hassani, told the BBC that the time is right to invest in Iraq as the government has "gone from strength to strength". A short distance across town, Sir John Scarlett, head of MI6 and gatekeeper to some of the precious "intelligence" that triggered the war, refused to ...
Related contentDeveloping Countries Briefly Walk Out of U.N. Climate Talks
10 hours ago ago from Wall Street Journal
COPENHAGEN -- Tensions flared Monday at the United Nations climate summit, as representatives from a group of poor nations briefly walked out of the conference to protest the slow pace of negotiations, and European Union officials expressed exasperation with the U.S. and China. The Group of 77, which represents developing countries as well as large emerging economies such as Brazil, India and China, walked out of the ...
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