Tag: prices

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Crude oil fell below $120 a barrel for the first time since May amid speculation that Tropical Storm Edouard won't cause disruption to most offshore oil facilities as it approaches the coast of Texas. Edouard, which may reach hurricane strength tomorrow, hasn't shut significant oil output in the U.S. Gulf of Mexico. The storm is on a course for Galveston, Texas, the biggest U.S. petroleum port, and may pass close to Exxon Mobil Corp.'s Baytown oil refinery as well as BP Plc's Texas City plant.... Read More

No matter what argument the USA government has put forward on why they had to do the Iraq war, it's obvious that OIL is one of the reasons for the war. And because of this war in Iraq, US soldiers continue to die on a daily basis. And no matter how much you hate and scuff at the US government for the war, they didn't have much choice. The people of USA need the oil and the government has to get it for them at ANY cost. Even at the cost of its soldiers' lives. But do you know what is tragic? It's... Read More

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