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BarrelOfOil

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    Oil price hits 17-month high thanks (?) to economic recovery in the U.S.     1270594860

    Two years ago, the price of oil was shooting to highs of over 100 dollars a barrel. Today, it's not quite that high, but the price of a barrel of crude did hit $86.62 this week, its highest point in 17 months, thanks (?) in part to "growth in American jobs and service industries signaled that the ...

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    Considering the crazy: will $30 barrels of oil come back?     1261511640

    While it's certainly possible to run automobiles on natural gas instead of gasoline (see the Civic GX), there is a decided lack of natural gas vehicles in the U.S. This might become a problem that needs solving, quick, if an analysis in Ground Report turns out to be accurate. The fear? That the ...

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    REPORT: Kuwaiti Oil Minister says OPEC won't increase production until prices hit $100/barrel     1244722140

    America might get most of its oil from Canada, but the moves that OPEC makes still reverberate here. Thus, a statement by the Kuwaiti Oil Minister Sheikh Ahmed al-Abdullah al-Sabah to reporters yesterday probably won't help decrease domestic gasoline prices any time soon. OPEC's al-Sabah said that ...

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