Posted on April 01, 2005 by Nancy

According to a recent Reuters article, Goldman Sachs is predicting that oil prices “could ultimately surge all the way above $100 a barrel.” The company says this “super-spike” period may last for years as prices reflect the increasing demand for oil worldwide (and especially in the emerging economies of China and India). Oil prices have [...]

Posted on March 22, 2005 by site admin

USA Today wonders how long Wall Street will remain blase about oil prices?
Adam Shell reports:

NEW YORK — $50 oil has not turned out to be a major depressant on stocks after all. But what about crude at $60 per barrel? $65? $70?
Or how about $80, which would roughly match the inflation-adjusted peak hit in 1981?
Crude, [...]

Posted on December 20, 2004 by site admin

PETER CAVE: A mystery Russian company has bought what’s been described as the heart of the country’s beleaguered oil giant, Yukos. The company’s main production unit was seized by authorities as part of a continuing claim for back-taxes which now total around $30 billion.

$30 billion in back taxes? And you thought that few thousand [...]

Posted on November 03, 2004 by site admin

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