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  2007-8 Oil Crisis
Last updated: 14:48:25 Sunday Jul 6, 2008


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2007-8 Oil Crisis 272
2007-8 Oil Crisis


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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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