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Herman Cain The Daily Caller 4/24/2011 President Obama recently said that the economic situation when he took office was worse than he had thought at the time. That’s code for “blame Bush” again for Obama’s failed economic policies, which have not stimulated the economy. Obama has chastised businesses for sitting on over $2 trillion in […] April 26th, 2011 | Tags: BP Deepwater Horizon Oil Spill, Herman Cain, moratorium, oil prices, speculators | Category: Barack Obama, Department of Justice, Economy, Energy, federal regulations, unemployment | Comments are closed
Ten of the last 11 recessions were preceded by oil price hikes. Ronald Baily Reason Magazine 3/8/2011 Oil prices surged to near $107 per barrel yesterday and regular gasoline is going for $3.51 per gallon. Last March oil sold for around $80 per barrel and gas cost about $2.79 per gallon. The uprisings throughout the […] March 9th, 2011 | Tags: Libya, oil and gas drilling, oil prices, OPEC, recession | Category: Barack Obama, Economy, Energy, Federal spending, Middle East, United States | Comments are closed
CNN 2/23/2011 (CNN) — Seeking to alleviate concern about rising oil prices, Saudi Arabia’s oil minister said his country and other OPEC members have the capacity to produce surplus oil, Saudi Press Agency reported. Saudi Arabia alone has a surplus of about 4 million barrels per day, the agency quoted Minister Ali al-Naimi as saying. […] March 1st, 2011 | Tags: oil prices, OPEC, Saudi Arabia, WikiLeaks | Category: Economy, Energy, Middle East | Comments are closed
Jeff Poor NewsBusters.org 4/5/2010 With summer driving season upon us, it’s important to note that there’s a traditional jump in gas prices. But will this seasonal adjustment benefit commodities, specifically oil and make the price of gasoline even higher? That could happen if those forms of energy lure investment from what seems to be an […] April 5th, 2010 | Tags: Inflation, Maria Bartiromo, oil prices, Rick Santelli | Category: Economy, Energy, Video | Comments are closed
For oil markets, it as if the Great Recession never happened. Surging demand in China, India and the Middle East is making up for decline in the debt-crippled West, ensuring another global crunch within three or four years. Ambrose Evans-Pritchard Telegraph [UK] 18 Feb 2010 Bank of America and Barclays Capital, two leading oil […] FoxBusinessNews.com December 31, 2009 NEW YORK–Oil rose towards $80 a barrel in thin holiday trade Thursday, poised for the biggest annual climb in a decade, a year after posting huge falls as the global economic crisis sapped demand. Crude was supported by data from the U.S. Energy Information Administration (EIA) that showed declines in crude […] |
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