Since oil prices collapsed in summer 2008, the OPEC cartel has cut its output several times to counteract falling oil prices. Until recently, these production cuts have not really had a significant impact on oil prices. Due to the dire state of the global economy, oil consumption especially in the United States has slumped. Last [...]
Now President Obama is taking action to make the USA a more energy-efficient country by introducing new fuel economy standards for cars and trucks. The byproducts will be a more sustainable economy, lower greenhouse gas emissions, cleaner air and a reduced dependence on oil imports.
The new regulations benefit the environment as well as consumers AND [...]
my post on wholesalesarong.com - Import & Export Forum :
shrinking global trade is good for some exporters (http://www.wholesalesarong.com/forum/article41.htm)
Global trade has been shrinking for months due to the economic turmoil that has left no country untouched. Consequently, container shipping companies and export-oriented countries suffer most. The export champion Germany recently reported that its GDP fell 3.8% in the first [...]
download as PDF: updated-may-162009-crude-oil-price-chart-what-matters-weblog-maximilian-a-staedtler1
The price of oil has a significant impact on the economic shape of the globalized world. The distance between manufacturing areas and the big consumer markets in the U.S. and in Europe has grown longer since globalization began to change the global economy, lift hundreds of millions of people out of poverty [...]
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