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The rise and rise of oil

ft.com
21-May-2008
        
Story Timeline:  196 days

Speculative pursuit? Or a fundamentally-driven surge to bring potential future demand, with soaring consumption in the developing world, in line with potential future supply? James Hamilton at Econbrowser acknowledges that the flow of funds into commodity investing has contributed to oil prices... [read full story]                    

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Oil companies plan on higher crude prices

 independent-bangladesh.com 21-May-2008
First article on this story:

Gas Prices, Gas Bags, & The Gas Chamber

 allspinzone.com 19-May-2008
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Oil prices could reach dlrs 140 by year end, says CGES

payvand.com
21-May-2008
        

London, May 20, IRNA - Oil prices are likely to continue to rise reaching an average of 140.4 dollars per barrel (dpb) by the final quarter of this year should non-OPEC supply fail to meet pessimistic forecast, according to the Centre for Global Energy Studies (CGES). In its latest monthly oil...

Oil prices pass $132 after government reports supply drop

canadianbusiness.com
21-May-2008
        

John Wilen, The Associated Press NEW YORK - Oil prices bolted to a new record above US$132 a barrel Wednesday after the government reported that supplies of crude oil and gasoline fell unexpectedly last week. And crude's rise in the futures market again pressured consumers by pulling prices at...

Senate:'We Can Only Conclude that the Oil Markets Have Failed'

fox6.com
21-May-2008
        

Senators told oil executives Wednesday that high oil prices cannot be explained by supply and demand and the oil industry's concentration, and OPEC price collusion, is contributing to the costs facing consumers. Executives of the five largest oil companies were appearing before the Senate...

Big oil has us over a barrel

news.com.au
21-May-2008
        

WITH the ever-escalating costs of motor fuels, it’s rapidly becoming clear that the standard of living in modern industrialised countries is being compromised and will be unsustainable. Daily we read of new price heights reached for crude oil and the prospect of $200 per barrel by the end of 2008...

Pump more oil, quick!

makewealthhistory.org
21-May-2008
        

Both the US and the UK governments appear to be settled on the most obvious solution to high oil prices - pump more oil. It’s a hasty political solution that may work in lowering prices, but it will only speed the inevitable end oil - more on celsias.

Oil breaks $130 level

dw-world.de
21-May-2008
        

Worries about tight supplies and a weaker dollar have driven the price of oil to above 130 dollars for the first time. Light, sweet crude for July delivery hit $130.47 in electronic trading in New York. The new high was the 11th time in the last 13 sessions that oil prices have hit trading or...

                   
japantimes.co.jp: The Japan Times Online japantimes.co.jp

Weak dollar affecting oil prices

japantimes.co.jp
20-May-2008
        

PRAGUE — Around the world, there is anguished hand-wringing about the high price of oil. But if political leaders want lower oil prices, they should be promoting policies that strengthen the dollar. The implications of pricing oil in any single-currency are more far-reaching than most people...

                   

The High Cost of Oil Dependence

counterterrorismblog.org
20-May-2008
        

With the price of oil over $125 a barrel and U.S. gasoline prices hovering around $4 a gallon, high energy costs have been a top news headline lately. Though the economic effect of these surging prices has been most prominently noticed, the high cost of oil dependence extends far beyond that....

Who's to blame for $4 gas

freerepublic.com
20-May-2008
        

It's hard to imagine now, but in 1999 gasoline sold for 90 cents a gallon. How'd we get from there to $4 a gallon? There is no short answer - many things happened, and together they formed a chain of events from cheap gas to $100 tankfuls. 2004: Demand pressure One of the most common reasons...