Monday 27 February 2012

Recession fears return - Oil & Gas - Zawya

As the world faces its biggest oil crisis since the 1970s, politicians are blaming every one - President Obama, Iran, QE and Saudi King - for high oil prices. How about putting some blame on Israel for pushing the world into another unwanted war?
Middle East oil producers pay careful attention to petrol, or gasoline prices, in the United States.

The American driver is a gas-guzzler, a wanderer who likes to drive long distances across the breadth of the country, and it's a fact that the United States' driving season plays a huge role in determining oil prices.

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