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IN THE NEWS - High Oil Prices and the World Economy By Jill Moss Broadcast: Saturday, August 27, 2005 I'm Shep O'Neal with IN THE NEWS in VOA Special English. This week, crude oil traded briefly at a
The price of oil has dropped around 20 percent in recent weeks, but remains more than double what it was just a couple of years ago. The high price has given oil companies the incentive to revisit old fields long ago abandoned as unprofitable. As VO
By Mil Arcega Washington 25 May 2007 Technology and high gasoline prices are helping to coax hard-to-extract oil from California's oil fields. Production at some of the state's older oil fields is expected to dry up in about 25 years, but Chevron say
ECONOMICS REPORT - Oil Prices By Mario Ritter Broadcast: Friday, August 20, 2004 This is Gwen Outen with the VOA Special English Economics Report. In terms of dollar value, of all the products in the
By VOA News 06 March 2008 Crude oil prices continued their surge Thursday hitting a new record high of nearly $106 a barrel. Prices for crude for future delivery went as high as $105.97 before easing slightly. The latest record high for oil follows a
HOUSTON, Sept. 7 (Xinhua) -- British oil giant BP announced Wednesday it had a major oil discovery in the Gulf of Mexico. An appraisal well the company drilled in a previously untested northern segment of the Mad Dog field in the Gulf of Mexico found