Peak Oil Day Excerpt: It is impossible to say what will happen in the future with regard to oil prices. Clearly, very high prices kill demand by undercutting economic activity. Thus it is possible that the barrel price of petroleum may never break last year’s record. On the other hand, if the value of the dollar were to collapse, then the sky’s the limit for prices in dollars per barrel. On July 11, 2008, the price of a barrel of oil hit a record $147.27 in daily trading. That same month, world crude oil production achieved a record 74.8...
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Russia-US summit: Quiet diplomacy (The Intelligence Daily) -- Confronted by multiple irritants from Washington, the Kremlin seems to have caved, wonders Eric WalbergA little over 40 per cent of Russians consider Russian-US relations...
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MSN MONEY: True unemployment rate already at 20% Really, how hard is it to find a job? Was June's horrid numbers, in which 467,000 people lost their jobs compared to 345,000 in May, a one-time fluke? Or does it mean that all those Wall Street...
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