As U.S cools, oil prices get warmer - Instablogs
As U.S cools, oil prices get warmer
Vikas , Shimla: Oct 25 2006
Made Popular Oct 25 2006
As winters had approached US, the cold climate is giving rise to demand of oil as well its price. Oil is used as a major heating fuel, especially in the cold regions of U.S. Therefore when there is rise in demand and decrease in supply it is obvious...
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Tags: petroleum prices, opec, monopoly, Politics & Society
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Balendu
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Balendu hellocompany.org Nov 14 2006
Delhi, India
It is absolutely not a news that as winter approaches the consumption of oil goes up in US and Europe and consequently price rises. Its a general fact known to every one.

Moreover, further cut in oil production is not seems to be on the card, it is just a coercive gimmick. If the US really wants to curb down oil prices it should better open up its own reserve, which it has intended to keep till the rest of the world runs out of oil.
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