Tag archive for ‘Oil Imports’
Skyrocketing Oil Prices Stump Experts
Washington, D.C. (Washingtonpost.com): Confused about oil prices? So are the experts.
Executives from the giant oil companies say it’s partly the fault of “speculators” or financial players. Key financial players say it’s really a question of limited supply and expanding global demand. Some members of Congress accuse the Organization of the Petroleum Exporting Countries for bottling [...]
FT: US begins to break foreign oil ‘addiction’
London, UK (FT.com): The US is starting to break its “addiction” to foreign oil as high prices, more efficient cars, and the use of ethanol significantly cut the share of its oil imports for the first time since 1977.
The country’s foreign oil dependency is expected to fall from 60 per cent to 50 per cent [...]
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