Oil prices's tag archives

Mideast fighting causes price hikes in crude oil

Posted under Business on Tuesday, 30 December 2008 by
The Israeli-Palestinian fighting has had widespread implications on the price of crude oil which has shot up to $40 a barrel since Monday. The oil rich region is stifled with brutal warfare causing changes in the crude oil market.   The final days of 2008 experienced light trading that caused a...
Mideast fighting causes price hikes in crude oil

Improved energy efficiency likely to bring down the importance of oil

Posted under Business on Friday, 19 December 2008 by
Continual technological advancements have improved energy efficiency which is likely to keep on improving with time. The use of renewable fuels has also picked up in recent times. While these advancements work to the benefit of mankind and the planet’s natural reserves as well they will also be...
Improved energy efficiency likely to bring down the importance of oil