Today, the world’s economy is largely dependent on fossil fuels such as crude oil, and the demand for these resources often sparks political unrest, as a small number of countries control the largest reservoirs. Like any industry,supply and demandheavily affect the prices and profitability of c...
First, we have a lot of oil and gas, and we have the technology it takes to commercially develop those reserves. It’s important to note that this strategic advantage is not going away. In fact, I anticipate that the technology will continue to improve. The second advantage is we have a...
the actual production did not pump that much (where to, into the desert?), but it gave customers and speculators more oil to choose from, which drove the prices down. Just my thoughts, anyway.
What Is U.S. Money Backed by? The U.S. dollar is not backed by any physical asset. Like most currencies in the world today, the value of a currency is based on the demand for that currency. Many currencies, including the U.S. dollar, used to be backed by gold, but no longer. ...
The article reports that the price of the March 2009 New York Mercantile Exchange (NYMEX) crude oil futures contract fell 7% on February 11, 2009. This close of $35.94/bbl is the lowest since the February contract closed at $35.40/bbl in January 2009. It states that the price was down ...
That’s down 20% from the mid-June high, and it’s the first time the average has dipped below $4 since early March. Gasoline prices usually rise and fall with the cost of oil, and crude has also been dropping. The U.S. benchmark price is down nearly one-fourth since early June....
Most people have no idea of the hard work and worry that goes into the collecting of those fascinating birds and animals that they pay to see in the zoo. One of the questions that is always asked of me is(61)I became an animal collector in the first(62). The ...
since it is lacking in its ability to make finished products from its oil itself. It would take a long run of prices much higher than today’s level for Venezuela to be able to sufficiently invest in infrastructure to do such refining. Venezuela reports the highest oil reser...
first of all today i read an article that Goldman said Oil will drop, thats the first reason Oil will still go up. Second long term chart shows for the immediate trend Oil is going to 50. Now lets look at the current situation. Based on the current outlo
(candles or oil lamps) that symbolize the eight nights of the holiday; on each night, one more light is lit than the previous night, until on the final night all eight branches are ignited. The ninth branch holds a candle, called theshamash(“helper” or “servant”), which is used ...