Industry News page 10

Oil Prices Hit Record Lows, Provide Consumer Relief - Oct 30th, 08
Oil prices slump again, having dropped nearly 56% from the highs of $147 a barrel back in July.

Oil Worries, Food Supply Fears for Saudi Arabia - Jun 16th, 08
Although the world's largest oil producing nation has recently pledged to increase their output by an additional 200,000 barrels per day, the New York Times reported on June 14th that some investors are skeptical whether this could be fulfilled.

$225 Barrel of Oil by 2012? - Apr 24th, 08
CNBC’s World Markets Chief Economist Jeff Rubin is forecasting oil trading at $225 per barrel and gasoline prices of $7.00 per gallon by the summer of 2012.

Is $100 Oil Inevitable? - Jan 14th, 08
A Newsweek article dated January 14, 2008 by Daniel Gross paints a dim picture for future energy prices in America. According to the article, global demand for oil will continue to drive energy prices upward even with demand stagnating in America.

Rising Oil, Higher Prices at the Pump Coming Soon - Dec 8th, 07
Investments in oil and gas explorations are beginning to take off amidst predictions of $100 per barrel crude oil prices.