Archives February 2013

Feb
16
2013

Impact of Credit Downgrade on Oil Prices

Standard and Poor’s (S&P) credit rating for the US was pulled down a notch to AA+ from AAA in August 2011 for the first time in the history of the rating system. The agency had expressed concerns about the nation’s ability to manage its debt and hinted that the Obama administration should pull up its […]

Feb
16
2013

Gaddafi’s Legacy of Libyan Oil Deals

Gaddafi is gone, and how. Yet, his legacy would be tough to scratch. The news of his death marks the beginning of a new era for oil exploitation in Libya which markets greeted with a slight dip in oil prices. Today we look back at Gaddafi, oil and his international partners. Libya’s dirty secrets for […]

Feb
16
2013

FTC Investigates Oil Price Manipulation

Oil prices are at it again. In June 2011 rates have dropped almost 20 percents from the $114 high that it touched 4 months earlier. Going by the current trades, oil prices are hovering slightly below $98 as we enter the third quarter of 2011. The media, scrambling for an explanation it seems, has been […]

Feb
16
2013

Does Osama Bin Laden’s Death Matter to Oil?

The political world seems to be at such crossroads as of right now. The Middle East seems to be at the center of all debates. The fact is that the reason for all these fiscal and political issues is a three letter word – OIL. Does Osama Bin Laden’s death matter to oil? As the […]

Feb
16
2013

The untold story of Mali and Oil

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