Supply concern puts oil above $130 for first time
By PABLO GORONDI Associated Press Writer
Wednesday, May 21, 2008
...Oil futures are now selling for about twice what they were just a year ago. Prices have been propelled by a number of factors, including worries about insufficient supply, soaring global demand and a sliding dollar that has made oil cheaper for some buyers overseas. Speculative buying has also helped push prices higher, analysts say....
Peak Oil - Whom to Believe?
Part 1 - There's Plenty of Oil, CERAiously
Nate Hagens on May 21, 2008 - 10:14am
Topic: Supply/Production
(*Note: this post/series originally ran in March, 2007 but is a good introduction/refresher to Peak Oil issues--if you're new to this, read this piece and/or Gail's Peak Oil Overview in the top menu bar)
Update: Gotta love Senator Leahy grilling the Oil Execs today.
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