10.28.2004
Oil prices fall after US report
This BBC report explains the drop in prices (still sky high) is due to "US government data showed that crude stocks were up four million barrels on the week," but prices "will continue to face upward pressure." Assuredly so.
How long before the US population converts to small vehicles, ala the late '70s and early '80s? I, for one, no longer have the itch to tool around in a 3/4 ton Chevy pickup...
This BBC report explains the drop in prices (still sky high) is due to "US government data showed that crude stocks were up four million barrels on the week," but prices "will continue to face upward pressure." Assuredly so.
Demand for oil has expanded strongly in 2004, led by China's economic boom and continuing high consumption in the US.
Supply concerns centre on Iraq as well as the ongoing possibility of labour disputes in Nigeria, Africa's largest oil producer, and Norway, the world's third biggest crude exporter.
How long before the US population converts to small vehicles, ala the late '70s and early '80s? I, for one, no longer have the itch to tool around in a 3/4 ton Chevy pickup...
// posted by HunterByrd @ 5:11 AM 
