|
Oil production increases, but so does price |
|
|
|
|
Over the weekend, ministers from OPEC (Organization of Petroleum Exporting Countries) met in Jeddah, S.A. to discuss increasing output. Saudi Arabia agreed to produce another 200,000 barrels per day, but on Monday, OPEC chief Minig Chakib Khelil (also the Algerian minister of energy) released a statement saying that there is no need to hike oil output at present, since ‘high oil prices are not rooted in supply-demand factors’.
|
|
Read more...
|
|
|
Will we learn from oil prices this time? |
|
|
|
|
Economists tell us that the high cost of oil has four main causes. The first is simply supply and demand. We are at or beyond “peak” oil, which means that there is an equal amount of oil left in the ground (or less) than we have thus far extracted and burned. While output has remained steady, increasing demand from the developing world, especially China and India, puts the demand higher than the supply. When that happens, the price goes up.
|
|
Read more...
|
|
|
We have had our first heat wave of the summer, and more will come. It’s been a long winter, so let’s recall some basic summer safety issues. For some, especially the elderly, heat exhaustion can come quickly, and may be fatal. Too many will go out unprepared for sun, and develop a burn that could lead to cancer in later years. Here are some common sense tips for dealing with the heat and the sun:
|
|
Read more...
|
|
|
<< Start < Prev 1 2 3 4 5 Next > End >>
|
| Results 10 - 12 of 14 |
