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Commodities Briefing - Categorized | Energy, Oil, Trends more

‘Saudi America’ heads for energy independence

Posted on 19 March 2012

Now that the U.S. economy is showing signs of life after debt, President Barack Obama has decided it’s safe to hold up his administration’s less than stellar economic record as a selling point on the campaign trail. But one big dark cloud still hovers overhead: the steadily rising price of oil in general and gasoline in particular.
Oil prices are plainly headed in the wrong direction for an economy still in the early stages of recovery and reliant on energy imports. Benchmark Brent crude closed in on $125 (U.S.) a barrel Friday, a hike of more than 30 per cent so far this year………………………………………..Full Article: Source


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