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Topic: Price of oil

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	Chronology of World Oil Market Events 1970 - 2003 (Site not responding. Last check: 2007-11-06)
		Oil prices fall due to weak world demand (largely as a result of economic recession in the United States) and OPEC overproduction.
		Oil prices react upward to news of the spill and to potential shortages on the west coast cased by refinery fires there.
		Oil prices rise sharply on news of a terrorist attack on an American warship, the USS Cole, in the Yemeni port of Aden, as well as escalating violence between Palestinians and Israeli security forces.
	www.eia.doe.gov /emeu/cabs/chron.html (17916 words)

	History and Analysis -Crude Oil Prices
		In 1972 the price of crude oil was about $3.00 per barrel and by the end of 1974 the price of oil had quadrupled to over $12.00.
		The higher prices faced by consumers would have resulted in lower rates of consumption: automobiles would have had higher mileage sooner, homes and commercial buildings would have been better insulated and improvements in industrial energy efficiency would have been greater than they were during this period.
		The price of crude oil spiked in 1990 with the uncertainty associated Iraqi invasion of Kuwait and the ensuing Gulf War, but following the war crude oil prices entered a steady decline until in 1994 inflation adjusted prices attained their lowest level since 1973.
	www.wtrg.com /prices.htm (3298 words)

	Guardian Unlimited \| Special reports \| Oil prices at record high after Kremlin u-turn on Yukos
		World oil prices set a fresh record yesterday after the Russian government revoked permits allowing oil group Yukos to access its bank accounts for daily operations, leaving the company once again in danger of cutting production as early as next week.
		Oil prices have risen more than a third so far this year and the market has been spooked over the past week by brinkmanship between Yukos and the Russian government.
		Oil prices retreated by more than a dollar late on Wednesday after the Russian government unfroze Yukos's accounts and Opec promised to increase production by 1m-1.5m barrels a day.
	www.guardian.co.uk /russia/article/0,2763,1277556,00.html (664 words)

	United Press International: The Bear's Lair: The effects of $80 oil (Site not responding. Last check: 2007-11-06)
		If oil were to reach $80 per barrel, it is by no means certain that a glut of production would be forthcoming, driving its price down once again to a third or a quarter of that level, as happened in 1982-1998.
		An oil price of $80 per barrel (in current dollars) is thus very possible, at least on a 5 year view.
		Hence it's likely that oil taxes would be maintained, producing a moderate reduction in consumption, a moderate increase in inflation (most of which would be one-shot) and a deflating effect on the economy as revenue was transferred from European consumers and their governments to Middle Eastern and other oil producers.
	www.upi.com /view.cfm?StoryID=20040607-121844-9539r (1949 words)

	OpinionJournal - Extra
		We remain dependent on oil from the Mideast not because the planet is running out of buried hydrocarbons, but because extracting oil from the deserts of the Persian Gulf is so easy and cheap that it's risky to invest capital to extract somewhat more stubborn oil from far larger deposits in Alberta.
		To do that, oil or gas extracted from the site itself is burned to heat water, which is then used to "crack" the bitumen from the clay; the bitumen is then chemically split to produce lighter petroleum.
		Oil prices gyrate and occasionally spike--both up and down--not because oil is scarce, but because it's so abundant in places where good government is scarce.
	www.opinionjournal.com /extra?id=110006228 (1063 words)

	AlterNet: The Real Price of Oil
		And even if Bush's approach works, it will affect the price of oil only in a narrow sense: what a barrel of light crude fetches on the London spot market, what a gallon of gasoline for the family automobile costs at the pump.
		Increased production also means a growing possibility of more oil spills like the 1989 Exxon Valdez disaster, as well as continuation of the less-publicized release of an average of 10 million gallons of petroleum into the oceans every year from tanker accidents.
		Oil also made possible a transportation system built around individual mobility and personal convenience that in many respects remains the envy of the world.
	www.alternet.org /story/11714 (1221 words)

	The Washington Monthly
		Oil prices have been rising steadily for three consecutive years now, oil production capacity is barely increasing, and global supply is now a microscopic 1% above global demand.
		In the meantime, the Western oil majors are more busy giving back cash to their shareholders than investing in exploration; and when they invest they are concentrating a growing share of their budgets on natural gas (including the LNG business).
		Oil use is certainly one case where there are lots of social effects (costs, of course, and benefits, as well), and where the costs and benefits are often not clear to individual market participants, particularly the longer term costs and benefits.
	www.washingtonmonthly.com /archives/individual/2004_10/004899.php (15668 words)

	The price of oil
		The oil industry has long used swapping as a way to reduce the cost of transporting crude oil, by pipeline or other means, to refineries.
		In a swap, the title to oil in one location is transferred to oil of an equivalent value that may be hundreds, or even thousands of miles away.
		Oil from Tengiz would be sent by rail to the Kazakh port of Aktau, on the Caspian Sea.
	iicas.org /english/Krsten_05_07_01.htm (10039 words)

	USATODAY.com - Oil prices resume climb toward $47 a barrel (Site not responding. Last check: 2007-11-06)
		WASHINGTON (AP) — Oil prices set another record Tuesday, approaching $47 a barrel, as concerns about Iraqi and Russian output dominated markets that had been calmed a day earlier by the results of a vote in Venezuela.
		On an inflation-adjusted basis, oil is still about $10, or 18%, cheaper than it was just prior to the first Gulf War.
		Prices had fallen on Monday after the president of Venezuela, the world's fifth-largest oil exporter, survived a recall referendum.
	www.usatoday.com /money/industries/energy/2004-08-17-oil_x.htm (458 words)

	Oil sets record, then retreats from $50 level - Sep. 28, 2004
		Prices for U.S. crude futures first broke through the $50 level late Monday.
		Oil prices have risen about 55 percent this year as rising consumption and the fallout from years of underinvestment in supply infrastructure encourage big-money funds to speculate heavily in oil futures.
		Prices hit new highs after rebels fighting for self determination in Nigeria warned oil companies to shut production in the Niger Delta before they declare an all-out war on Oct 1.
	money.cnn.com /2004/09/28/markets/oil (464 words)

	WTRG Economics -OPEC, crude oil, natural gas, analysis, forecasts and data
		In addition to OPEC and crude oil prices, gasoline and natural gas prices, topics include regional, national and international exploration, production and consumption.
		Oil Price History and Analysis - 100+ years of oil prices and the economic and political events that shaped the price: wars, domestic policy, embargoes and price control.
		Oil futures close at two-week low after US supply data
	www.wtrg.com (417 words)

	THE PRICE OF OIL (Site not responding. Last check: 2007-11-06)
		This report was written by Bronwen Manby, researcher in the Africa Division of Human Rights Watch, based on research in the Niger Delta in July 1997, subsequent correspondence with the major oil companies operating in the region, and information provided by Nigerian human rights and environmental activists.
		The report was edited by Peter Takirambudde, executive director of the Africa Division; Mike McClintock, deputy program director; and Wilder Tayler, general counsel.
		We would also like to thank all those who agreed to meet with us and be interviewed for the report, especially the many residents of oil producing communities of the Niger Delta.
	www.hrw.org /reports/1999/nigeria (315 words)

	OILNERGY: posted oil price (WTI)
		OILNERGY invites your company to be the SPONSOR of this index.
		group of oil and gas personnel who are interested in this particular subject.
		Up to two screens can be used to display the company's logo, description, specialties, announcements, and a list of branch offices and phone numbers.
	www.oilnergy.com /1opost.htm (163 words)

	Doug's Dynamic Drivel: The Price of Oil (Site not responding. Last check: 2007-11-06)
		They want to know what they're fighting for
		'Cause it's all about the price of oil
		Don't give me no shit about blood, sweat, tears and toil
	www.thealders.net /blogs/archive/000832.html (160 words)

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