This is the current Oil Future: $93.70 +0.30 if it can go down to around $70-$75 then I do not have to worry about paying so much more for food or at least do not have to hear that excuse for raising the price monthly. May the speculating gods speculate in the benefit of humanity and not their bosses.
International Level: International Guru / Political Participation: 3231 100%
Will reserve oil lower gas prices?
Plan to sell 60M barrels drops price for crude
One analyst, Andrew Lipow, said the timing of the announcement, a day after Federal Reserve Chairman Ben Bernanke delivered a negative outlook on the economy, suggests that industrialized countries are grasping for solutions. He said Americans should expect the price of gasoline to fall, but not dramatically, in coming weeks. Ref. Source 8
Total sees profits suffer as conflict in Libya rages on
While oil giants BP, Exxon and Royal Dutch Shell have seen profits spiral on the back of conflict in the Arab world, oil rival Total has reported a massive drop in earnings.
Oil and Gas News Source: Oil and Gas News
Cleaning up Nigerian oil pollution could take 30 years, cost billions - UN
The environmental restoration of Nigeria's Ogoniland oil region could prove to be the world's most wide-ranging and long-term oil clean-up exercise ever, if contaminated drinking water, land, creeks a
Oil and Gas News Source: Oil and Gas News
Buddhist Temple Workers Cant Afford Worship in Sri Lanka
KELANIYA, SRI LANKA - Nilantha Dias and his father operate a flower boutique in Kelaniya, a small town near Colombo, Sri Lanka's capital. The shop, which specializes in flowers and other items used fo
Oil and Gas News Source: Oil and Gas News
Libyan rebels tighten grip west of Tripoli
Libyan rebels have tightened their grip west of Tripoli by seizing an oil refinery in Zawiyah and taking control over Sabratha further west on the main highway from Tripoli to Tunisia.
Oil and Gas News Source: Oil and Gas News
African Union Refuses Appeals to Recognize Libyas Rebels
The African Union [AU] has rejected calls for recognition of Libya's rebel Transitional National Council. The decision highlights Libyan leader Moammar Gadhafi's lingering influence at the continental
Oil and Gas News Source: Oil and Gas News