Crude prices weakened on Friday morning in Asia. Prices softened amid an easing of concerns over the impact of any potential disruption to Venezuelan exports to the US caused by the ongoing legal dispute between the OPEC member and Exxon Mobil.
Meanwhile, worries over Mexican supplies also eased after it reopened its main oil exporting ports which had been closed due to bad weather in the Gulf of Mexico. So now we have Venezuelan President Hugo Chavez threatening to halt oil exports to the U.S ... to keep prices inflated the words of a deranged president affected the crude price !!! this we call SPECULATION..
If the free world allow this situation to dictate prices you can be sure Hugo Chavez will not stop here...this will cause a heightening of tensions, therefore the world needs the US to have a strong firm president ...
To see more information visit http://so-buracos.blogspot.com/2008/02/deranged-president_12.html
SOUTH AFRICA SPRINGBOKS
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World Watch reported oil futures fell Thursday, slipping below $90 at times and reversing five days of gains on renewed recession worries sp... -
The Saudis go out of their way to have this specific meeting outside the OPEC frameworks, and if you're the OPEC president, you want to ...
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News reports have mentioned that Royal Dutch Shell Plc may spend $2.5 billion on a natural gas plant in southern Iraq to meet energy demand...
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