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South Korea announces first oil contingency measures
SEOUL (Reuters) - South Korea said on Sunday it was implementing a multi-stage contingency plan aimed at reducing energy consumption before the skyrocketing oil prices push Asia's fourth-largest economy into a full-fledged crisis.
Nations:South Korea Activities:Lee Myung-Bak Admin. 2007-8 Oil Crisis Source:(Reuters)
2008-07-06
Rich nations poised to tackle soaring oil, food prices
TOYAKO, Japan (AFP) - The United States and Japan called Sunday for urgent action on red-hot oil and food prices that could derail the global economy on the eve of a summit of the world's richest nations.
Nations:Japan Zimbabwe North Korea Germany U.S. Russia People:Dmitry Medvedev Yasuo Fukuda Nicolas Sarkozy Gordon Brown Shinzo Abe Angela Merkel Activities:Global Food Crisis 2007-8 Oil Crisis
2008-07-06
OPEC's Khelil rules out oil price decline: APS
ALGIERS (Reuters) - OPEC President Chakib Khelil ruled out on Sunday an eventual oil price fall in view of strong Chinese and Indian demand, adding geopolitics and a weak dollar were behind the current spike, Algeria's APS news agency reported.
Nations:Algeria Activities:2007-8 Oil Crisis Source:(Reuters)
2008-07-06
Companies begin quest for oil, gas off Fla. coast
PENSACOLA, Fla. - Oil companies once viewed drilling in the deep waters off Florida as cost prohibitive. Politicians feared even the slightest sign of support would be career suicide.
Nations:U.S. People:John McCain Activities:2007-8 Oil Crisis Source:(AP)
2008-07-05
Gas prices hit another high for holiday weekend
NEW YORK - Fireworks aren't the only thing skyrocketing on this Fourth of July. The price of gas has hit another all-time high.
Nations:U.S. Activities:2007-8 Oil Crisis Source:(AP)
2008-07-04
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