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Oil may hit $160 amid tension: Kuwait official
Oil prices could soar to as high as $160 a barrel if tension over an Iranian oil embargo persists or in the event of conflict, a top Kuwaiti oil executive said in remarks published on Monday. “If the embargo on Iranian oil persists, or in case of a military move…
Oil prices weaken as OPEC meets on output
World oil prices fell on Wednesday, dampened by eurozone worries and falling shares, as OPEC ministers began a production meeting which was widely expected to maintain output, traders said. Later in the day, traders will also digest the latest snapshot of energy inventories in the United States — the world’s top crude consuming…
This could be the end of blogging as we know it
We’ve hit “peak coffee”. Look: I ride a bike and walk and take the bus. I sold my truck as part of my efforts to reduce my carbon footprint and not add to the oil depletion problem. But I need my coffee. I suspect I’m not the only blogger whose…
Passing the denial stage
While higher gas prices are no fun for any of us, the good news is that the crisis is starting to drift into no-longer-a-crisis-just-a-problem-to-be-solved mode. People are beginning to accept that high gas prices are here to stay. The nation is getting over the denial stage, which is the first…
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