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The Price Of Oil - Page 78

Oil prices hit eleven-year low as global supply balloons:

Global oil production is running close to record highs and, with more barrels poised to enter the market from nations such as Iran and Libya, the price of crude is set for its largest monthly percentage decline in seven years. Ref. Source 7x

Oil Price The

Oil plummeted below $30 a barrel today for the first time since December 2003.

The latest wave of selling leaves crude oil down 19% this year alone. It represents an incredible 72% plunge from crude's June 2014 peak of almost $108. Ref. CNN.

The Price Of Oil History & Civil Business Politics

Oil prices tumble to new 12-year lows:

Oil prices slumped to fresh 12-year low points Friday, as dealers prepared for increased Iranian exports to the market against a backdrop of a global supply glut. Brent meanwhile dropped to $29.45 -- the lowest level since February 2004. Ref. Source 7u

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Page 78 Oil Price The

Iran sanctions: Middle East stock crash wipes £27bn off markets as Tehran enters oil war:

Prospect of the Islamic Republic pumping an additional 500,000 barrels a day sends stock markets in Dubai and Saudi Arabia into tailspin Ref. Source 1b.

Oil Price The

Market sell-off intensifies: Dow plunges more than 200 at the open, oil falls below $28, Japan in bear market

The global stock market selloff resumed Wednesday as oil drops more than 2% and falls breaks $28 for first time since 2003. Ref. USAToday.

The Price Of Oil

Re: Analysis: Oil - Power Has Changed Sides
Original Post Date: 10th Jun, 2008 - 8:30pm

Here is the real lesson to be reissued from the 70's. People shut your car off! In America every home has 2 cars some more sitting in the drive way and they are used to go every where never a bike or by foot. Yes this is major generalization but look around you over the next three days and tell me if I ma wrong. I know in my area I am the only one biking to work and being laughed at till Friday comes and the grumble filling the tank.

We must reduce our dependence on this foul liquid it does not good for anything. There are better solutions out there let Bush put the war money into that and by the end of the year all would be resolved. The war machine uses natural resources like a camel at the trough.

There is no easy answer we took 50 years to make this mess it will take time and lots of the consumers money to correct the issue. We will have to dig deep and pay and pay. While doing so be sure to dump a letter each day into your MP's mail box. Bury them deep in customer demand to reduce usage and increase production till the correct solution is found.

The Price Oil - Page 78

Lower oil prices lead to higher carbon dioxide emissions

If the price of oil decreases, carbon dioxide emissions increase. This is what two Spanish scientists claim after comparing the relationship between air pollution and economic development by using the real oil prices in Spain between 1874 and 2011 as an indicator. The scientists suggest a need to design new energy taxes. Ref. Source 1d.

The Price Oil Politics Business Civil & History - Page 78

Oil prices fall 5% amid OPEC production dispute

Crude oil prices fell sharply Monday as energy ministers from the world's largest oil suppliers failed to reach an agreement on freezing production to support prices. Ref. Source 2o.