Monthly Archives: February 2012
The prices on oil fall after 7 days surge. However, the prices on retail gasoline keep on soaring added five cents to a national average of $3.70 per gallon over the weekend.
Secretary of State Hillary Rodham Clinton and Mexico’s Foreign Minister Patricia Espinosa, sign the US-Mexico Agreement Concerning Transboundary Hydrocarbon Reservoirs in the Gulf of Mexico, Monday, Feb. 20, 2012, in Los Cabos, Mexico. From left are, Clinton, Interior Secretary Ken … Continue reading
Iraq has opened a new offshore oil facility in order to increase its crude oil exports. This is only the 1st facility in it’s planned series of opening 4 oil facilities in the Arabian Gulf. It is estimates that opening … Continue reading
Imports of West African crude oil are the highest ever recorded, after the Iran oil embargo cut supplies of oil from Tehran to Beijing. The first quarter reflects the effects of the oil sanctions as India and China look to … Continue reading