Oil prices

Could oil prices increase exponentionally ?

This is the question as we are breaking record high prices. To Reuters: ” Brent oil priced in euros hit a record high on Thursday on heightened tension between Iran and the West while U.S. stocks neared peaks not seen since 2008. “ ” The rise in Brent, the benchmark for European crude and most …

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Chevron to pay $18 billion to Ecuador

To Reuters : ” An Ecuadorean appeals court on Tuesday upheld a ruling that Chevron Corp should pay $18 billion in damages to plaintiffs who accused the U.S. oil giant of polluting the Amazon jungle and damaging their health. “ ” A judge ordered Chevron to pay $8.6 billion in environmental damages last February, but …

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Oil prices back up, averaged $111 in 2011

For my ultimate post of 2011, I would like to write about something that was little to not noticed at all, yet as crucial as the increased importance of extreme weather events : oil prices were at their highest average ever this year. According to some research carried out by the Cambridge Energy Research Associates …

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Oil prices could reach $220 this year

If you think gasoline is too expensive, you haven’t seen anything yet… To the Wall Street Journal : ” Nomura Securities says that if Algeria joins Libya in the land of chaos, oil prices could shoot to $220 a barrel. That’s in a worst-case scenario.” “To back up that headline grabber, Nomura compares the current …

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