Oil crisis will send prices up at pump
MOTORISTS are braced for fresh pain at the pumps after a surge in the price of oil yesterday.
Experts warned petrol prices here will inevitably rise after the shutdown of a major oilfield in Alaska.
The area produces 400,000 barrels of oil a day – eight per cent of normal demand from the US. The closure added to existing concerns over supplies and pushed crude above $77 a barrel, close to the record high.
( Read on )
Experts warned petrol prices here will inevitably rise after the shutdown of a major oilfield in Alaska.
The area produces 400,000 barrels of oil a day – eight per cent of normal demand from the US. The closure added to existing concerns over supplies and pushed crude above $77 a barrel, close to the record high.
( Read on )
posted by Oil Shock at 8/08/2006 04:38:00 PM
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