Why oil's surge hasn't damped global growth

Article Abstract:

Oil prices have nearly doubled to $70 per barrel in the past 24 months, yet there has been little effect on the economy as other broad economic considerations have lessened the damage quotient. The hot global real estate market, inexpensive consumer goods imports from Asia and in the United States low long term and short term interest rates have helped to keep the economy in motion with consumer spending.

International aspects, United States economic conditions, Global economy

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Oil industry's refining squeeze limits prospects of price relief

Article Abstract:

The petroleum industry is experiencing a shortage of oil refineries to process crude oil into usable products has become a large problem in the United States. A rise in crude oil prices has caused an increase in the prices of refined petroleum products.

Forecasts, trends, outlooks, Industry Overview, Petroleum refineries, Industry forecasts

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Oil companies may see an ebb in profit gusher: producing nations win tougher deals, limiting potential for windfalls

Article Abstract:

Oil producing nations are now able to command a larger share of the profits as prices rise, offering companies essentially a service fee.

Europe, Contracts & orders received, Administration of Air and Water Resource and Solid Waste Management Programs, Administration of Conservation Programs, Contracts & orders let, Natural Resource Programs, Earth Resources Programs, Contracts, Contract agreement, Natural resource policy

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