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US Domestic Oil Production will lower gasoline prices
US oil industry recently laid out a set of proposals it believes will instantly lower gasoline prices. The proposals call for more domestic oil production, fewer environmental regulations, and for not raising taxes on the industry. They’re basically what the Republican presidential candidates are calling for. But analysts say those ideas will do little to [...]
Thursday, March 29th, 2012New York Oil Price Surge on Midle East Unrest, Three Days Decline as China Jump Slowly
Oil surged the most this month amid mounting Middle East tensions, narrowing a record spread between U.S.-traded West Texas Intermediate and Brent in London. Oil fell for the first time in three days in New York because of signs that China’s measures to cool inflation may curb economic growth in the world’s second-biggest crude user. [...]
Saturday, February 19th, 2011