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BP likely rich enough to survive cost of spill
NEW YORK — BP is probably sturdy enough to survive the worst oil spill in U.S. history. But investors are shaving billions of dollars off its value with every day that crude gushes into the Gulf of Mexico. On Tuesday … Continue reading
Iran behind the Oil Price Hike : Iran now has enough leverage to move the price of oil at will
By MERLIN FLOWER for OIL-PRICE.NET, 2010/01/05 When oil prices were dropping after the Dubai crisis, Iran took it upon itself to save the price of oil. After all, Iran has the third largest oil reserves in the world. But how … Continue reading