When will the madness end? Gasoline could be around $4.50 per gallon for the national average and certainly will be later this summer when refineries turn their attention to producing #2 home heating oil for the winter.
Oil executives were in front of Congress this week to answer questions about why oil has unprecedentedly skyrocketed. The [...]
May
22
Oil Breaks the $135 per barrel Ceiling
Category: Alternative Energy, Big Oil, Biofuels, Fuel Prices, Home Heating Oil, Middle East Oil, Oil Prices |
2 Comments
May
16
Saudi Arabia Refuses to Increase Oil Production
Category: Big Oil, Food Prices, Fuel Prices, Middle East Oil, Oil Prices |
Leave a Comment
I guess this comes as no surprise. Why should they? They’re reaping incredible financial rewards and this only stands to go ever higher. Well, hey it is capitalism at its best - or worst - depending on how you look at it. We pay what the market will bear, right?
"Saudi Arabian leaders made clear Friday [...]
May
5
As reported by the Associated Press, skyrocketing food prices, stoked by rising fuel prices, unpredictable weather and growing demand from India and China’s burgeoning middle classes, have sparked sometimes violent protests in the Caribbean, Africa and Asia in recent months.
"Skyrocketing food prices, stoked by rising fuel prices"
First and foremost - Rising Fuel Prices. These are [...]













