The imbroglio between Venezuela and Exxon (since last week Venezuela has actually begun cutting oil shipments to Exxon) is said to have helped oil prices bounce back from a low this year of $86.11/ barrel to near $96 today, a rise of over 10%, or in dollar terms a transfer of over $200 million a day from American consumers to oil interests around the world.
Monday, February 18, 2008
Raymond J. Learsy: Chavez, Exxon and the misuse of our US Strategic Petroleum Reserve
The imbroglio between Venezuela and Exxon (since last week Venezuela has actually begun cutting oil shipments to Exxon) is said to have helped oil prices bounce back from a low this year of $86.11/ barrel to near $96 today, a rise of over 10%, or in dollar terms a transfer of over $200 million a day from American consumers to oil interests around the world.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment