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Electric cars within 5 years... of 1967
AMC out front - electrically
Hey guys! The electric car could be on the roads by 1972! Or perhaps even sooner! WOW! -
A prayer answered!
Good to see that someone has taken heed of my heartfelt plea on behalf of the oil companies!
http://www.chinadaily.com.cn/cndy/2011-06/20/content_12731933.htm
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World Economy Tanks, Oil Prices Fall to $93/bbl
Today oil prices continued their week long drop from $99/bbl down to $93/bbl. The EU opted to bail out another country they couldn't afford and drove themselves closer to bankruptcy, pushing still-solvent nations (like Finland) to seriously push to quit the EU and save themselves from certain doom. Pure capitalism thrives on competition and cheap ( Read more... ) -
OPEC fails to increase production
The world commodities markets responded to today's announcement by OPEC that they would not increase oil production.
Duh. Of course they won't increase production. For several reasons. They can't. Its not to their benefit for oil prices to fall. $100/bbl oil is the new black normal. Really, its best for OPEC if the price keeps creeping up.
Same as ( Read more... ) -
US/Cuba Trade Embargo
The decades-old embargo by the USA on Cuba looks likely to be ended ... because Cuba has oil.http://www.telegraph.co.uk/news/worldnews/centralamericaandthecaribbean/cuba/8544870/US-could -
Oil Drops $5/bbl
Undulating plateau. Say it with me: Undulating plateau ( Read more... ) -
Oil Rebounds to $102+/bbl.
Last week oil fell $15/bbl in price. Apparently, if you're really really stupid, or work for the current presidential officeholder, killing a single terrorist is the same thing as stopping all terrorism. Turns out, after a weekend to reflect, investors remembered that isn't true and responded appropriately. Prices are coming back up, 4% 5% so far ( Read more... )
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