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Showing posts with label Oil price. Show all posts
Showing posts with label Oil price. Show all posts

14 July, 2008

America’s Wakeup Call

The rapid spurt in oil prices in the global market has forced a sense of urgency to the energy crisis that America faces, says Dr. Girish Bhaskar.

In an article, published by Kaumudi Singapore, he writes:

With the average gasoline prices hovering above $4 per gallon, the middle class has started to feel the pinch. For millions of people who are minimum wage earners, the pain has been acute and palpable. People are adapting to the new realities to cope up with the surging oil prices…

For the rest of the article, over to KAUMUDI SINGAPORE

30 May, 2008

What's really driving the high price of oil?

The US government is letting a gambling casino on Wall Street called NYMEX determine the price for gasoline and home heating oil, says Ralph Nader, the consumer activist.

The people need regulatory protection from speculators and an excess profits tax on Big Oil, he adds.

Ralph Nader’s article, “What’s really driving the high price of oil” can be seen at the Countercurrents.org site.