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 […]
Could oil prices increase exponentionally ? Read More »
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
Chevron to pay $18 billion to Ecuador Read More »
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
Oil prices back up, averaged $111 in 2011 Read More »
In French, we have an expression, ” la fuite en avant “ which can be explained this way : “A fuite en avant is something one does when one is in a losing situation, and one hopes to salvage it by doing more of the same or worse.” Not that I want to delve into
Oil : the headlong rush Read More »
Only two months after reaching $100, oil prices reached $120. As the AFP notes: ” Oil prices surged to new heights Monday, with Brent crude topping $120 a barrel for the first time since August 22, 2008″ It took very little time back to 2008 for oil prices to reach $140 once they had reached
Oil prices reach $120 Read More »
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
Oil prices could reach $220 this year Read More »
