The year 2007 is almost over, all the happenings we had along the year all affected the final consumer price, but the most used by oil companies and Governments was SPECULATION...
SPECULATION has kept the crude prices high and in turn the crude producing countries have used this instrument to obtain higher and higher profits... compared to the same time last year... PETROL PRICES FINISH THE YEAR IN THE 61 DOLARS PER BARREL.LAST SESSION OF 2006 CLOSED THE NYMEX AT 61,05 DOLARS, WHILE THE BRENT FOR REFERENCE IN EUROPE CLOSED 60,86 DOLARS.
Now as we reach the end of 2007 we have the PETROL PRICES FINISH THE YEAR IN THE +/- 92 DOLARS PER BARREL...quite a difference... with no major happenings to justify this increase .... so who is to blame...!! blame the oil companies...Governments...Crude exporters...BLAME SPECULATION...
SOUTH AFRICA SPRINGBOKS
South Africa laid the groundwork with traditional Springbok rugby and finished an out-gunned England side off with two late tries to win ...
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The crude Saga continues with the price reaching the $117,60 a barrel...due to OPEP speculation and greed ... All OPEC members have shown th... -
Please note these details may be subject to change THE NEWEST NATION IN EUROPE… PORTAXLAND This European Nation has so many t... -
WorldWatch Portugal office has informed than the cartel in the petrol price fixing practiced in one of Europe’s oldest economies continues!...
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