With an Oil Future: $87.28 +3.05 that means we can soon seen oil back up at above $100 if it continues this trend and it isn't nice. America is getting into more wars as well so....
International Level: Politics 101 / Political Participation: 5 0.5%
Above it says "Oil Future: $86.18 +0.07" but you could be right especially since Obama is now entering an African war that can get messy with the amount of countries he wants our troops in and fuel needed to be in those areas.
International Level: Specialist / Political Participation: 36 3.6%
Now that the US is pulling out of Iraq we can expect oil prices to go down a bit because there shouldn't be a great demand but then again the holidays are coming.
International Level: Politics 101 / Political Participation: 5 0.5%
Oil giants show high profits
World oil Giants Exxon Mobil Corp and Royal Dutch Shell have announced high profits.
Oil and Gas News Source: Oil and Gas News
Fuel price hike will impact inflation adversely, says Mukherjee
Finance Minister Pranab Mukherjee on Friday said the fuel price hike will adversely impact inflation, and added that the price of petrol is decided by oil companies and not by the government.
Oil and Gas News Source: Oil and Gas News
Controversial US pipeline to be delayed pending review
Approval for an oil pipeline running from Canada to the Texas coast has been suspended pending a review of its route after widespread protests in the United States.
Oil and Gas News Source: Oil and Gas News
Oh boy I see we are heading towards $100 oil barrels again, what's the excuse this time - someone lost their shades somewhere in Arabia?
International Level: Specialist / Political Participation: 49 4.9%
Not sure if it will make much of a difference. We have not dropped below 1.22 per litre since the prices drops and we hit a high of around 1.35 per litre. Bottom line they are looking for more money per unit as the auto companies are finally deploying limited new technology to increase the fuel consumption on autos. As supply levels drop we will use our oil more effervescently thus helping to drive the cost up. After all they are only concerned about the money they make per fill up not how much you are using.
International Level: Senior Politician / Political Participation: 188 18.8%