Lavish times in oil patch? Not a chance
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Dude, where&#39;s my boom? That&#39;s a question a lot of Hous- tonians are asking as oil crowds the $50-a-barrel mark. Where&#39;s the frenetic hiring as oil companies staff up for the good times?
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Prices came in surprisingly weak, despite surging oil costs. And since crude is likely to recede, the CPI should now stay flat. You wouldn&#39;t know that crude-oil prices spiked to their highest levels in two
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The CPM has reportedly told the government to delay the decision to hike petrol and diesel prices till after the US elections. However, the Left has already indicated that it is not averse to a hike since there is no real alternative.
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Oil prices held strong on Friday not far below $55 as traders worried time is running out to top up low heating oil inventories before winter.
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Despite the parallels with the oil shocks of past decades, the impact of the oil spike on the economy is likely to be much less intense than in previous surges.
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The absolute price of oil has reached a new high. The growth     of the economies in China, India and the rest of Asia are increasing the demand     for oil. There are production problems in Venezuela (strikes and sabotage), Norway (strikes), Nigeria (civil war), Iraq (sabotage) and Russia (internal politics). Hurricane Ivan and other hurricanes this year disrupted     production in the Gulf of Mexico and transportation of oil in the Atlantic.     In the next decade Eastern Europe will also require more oil to feed its growing economies. The price of crude oil has led to     prices of above $55 a barrel and lifted heating oil to a record and     natural gas to a 20-month high. Though prices may eventually fall a bit, they are likely to remain higher than we were once     accustomed.    However, all is not gloom and doom.
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While consumers, presidential candidates and the stock and bond markets are focused on oil prices, the oil traders themselves are more concerned about volatility.
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Where does the volatility in oil prices come from, and is it likely to persist?
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Uncertainty ahead of the U.S.  presidential election is playing some role in high oil prices,  but don't expect a big energy sell-off after the ballots are  counted, oil experts said on Tuesday.
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The fortunes of alternative energy companies have been linked to two factors outside their control: oil prices and politics.
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SAN FRANCISCO, Sep 10 (OneWorld) - Environmentalists are unimpressed by reports this week of a massive, new oil find in the Gulf of Mexico.
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This oil thing is just temporary, Wall Street has been figuring, and figuring and figuring. The surge in prices is a temporary phenomenon that&#39;s lasted for two years now.
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World oil prices surged nearly $2 on  Friday on worries the stormy season in the Gulf of Mexico would  continue to hamper energy production and imports, delaying  vital stock building ahead of the coming winter months.
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The spike in oil prices in recent months is stoking heated arguments between market players, who blame each other for the lack of production capacities that has been exposed by strong global demand.
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As members of OPEC ready for a key meeting on whether to adjust oil prices, some petroleum companies and analysts are wondering if the cartel is becoming irrelevant in the modern, global economy.
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Crude oil was little changed after rallying more than 2 percent yesterday when US President George W. Bush&#39;s re-election signaled the government probably will continue its policy of buying oil for a national reserve.
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The oil deal signed between Hunt Oil and the government in Iraq's Kurdish region earlier this month has raised eyebrows, in no small part because it appears to undercut President Bush's hope that Iraq could draft national legislation to share revenue from the country's vast oil reserves. Making the...