Now we also have a Russian President Dmitry Medvedev who has little or no financial experience at all, speculating that high oil prices are a ``reality that everyone has to take into account.'' He said the influence of the Organization of Petroleum Exporting Countries is ``exaggerated'' and the group's decisions don't always have a ``long-term impact on oil prices.'' Russia is the world's second-largest crude producer.
``I have said that oil prices will reach $150 a barrel,'' Medvedev said in a meeting with reporters late yesterday in Moscow ahead of his participation in a summit of the Group of Eight industrial countries in Japan next week. ``Unfortunately, rising oil prices create problems for the world's economy.'' ...how smart can these politicians be !!!
The surge in prices of diesel, jet fuel and gasoline has cut profits at airlines and caused car sales to drop. Southeast Asian nations including India, Malaysia and Indonesia raised fuel prices in the past two months to cap government subsidies as oil costs jumped.
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 ...
-
Ending November we saw a decline in the Crude price as oil fell below $90 a barrel in the biggest weekly loss in two and a half years on con... -
South Africa is the biggest source of coal for European power plants and the world's biggest producer of ferrochrome, manganese and vana...
-
The average price in Europe on Super95 for the past two weeks has raised at € 0.01 and now is € 1.17. Super95 is the most common type of f...
No comments:
Post a Comment