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Posts Tagged ‘ Oil Imports ’

Trade Deficit Grows, Despite Record Decline in Oil Prices

Dec 12th, 2008 | By Jason Simpkins | Category: Financial News

The U.S. trade deficit grew in October as both the volume of oil exports and our trade deficit with China surged to a record highs. A widening deficit means the United States will not be able to rely on trade to help pull the economy out of what may be the longest recession in the post-World War II era.



Oil Price Soars $5 on Reduced Supply, Gas Could Head Much Higher

Jun 12th, 2008 | By Jennifer Yousfi | Category: Oil Investment & Alternative Energy

Crude for July delivery jumped more than $5 per barrel in New York yesterday (Wednesday) to close at $136.38 per barrel on declines in U.S. supplies and refinery activity.



China Isn’t Increasing Oil Imports

Jun 6th, 2008 | By Byron King | Category: Oil Investment & Alternative Energy

Wow… Here is an act of entirely commendable proportions.



Biofuels: Our Savior After All?

Jun 3rd, 2008 | By Contrarian Profits | Category: Featured, Financial News

Could biofuels be our savior after all? This from Bloomberg:

Biofuels can boost incomes and yields for farmers, revitalizing impoverished rural areas when they are introduced in countries with secure land ownership, the International Institute for Environment and Development said.

By raising the price of crops such as corn and palm oil, biofuels can reduce poverty in countries with a high dependency on agriculture, the London-based researcher said in a report with the United Nation’s Food and Agriculture Organization.



What Does Inflation Mean to You?

May 19th, 2008 | By Bill Bonner | Category: Politics & Economics

Inflation is usually followed by deflation – but not for the United States. What inflation means to central bankers, investors and the consumer. Dubya presents Middle Easterners with a lengthy ‘to-do list’…the downside of Hollywood…and more!



Oil Takes a Breather

May 13th, 2008 | By Doug Casey | Category: Oil Investment & Alternative Energy

In the energy market Monday, crude for June delivery finally took a breather, slipping to $124.23/barrel, down $1.73.