Monthly Archives: March 2009

Oil Rallies On Fed Plan To Pump Up Economy

By dvdmaxwell | Published: March 19, 2009
The price of oil climbed more than 7 percent to $51.61 a barrel yesterday as commodity prices rallied across the board, buoyed by a weakening dollar and the prospect of an economic recovery fueled by the Federal Reserve. Original post by Steven Mufson
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Aided by Financial Crisis, China Snaps Up Natural Resources Worldwide

By dvdmaxwell | Published: March 16, 2009
SHANGHAI — Chinese companies have been on a shopping spree in the past month, snapping up tens of billions of dollars’ worth of key assets in Iran, Brazil, Russia, Venezuela, Australia and France in a global fire sale set off by the financial crisis. Original post by Ariana Eunjung Cha
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OPEC to Maintain Oil Output, Urges Nations to Meet Quotas

By dvdmaxwell | Published: March 15, 2009
Facing a global recession and falling oil demand, the Organization of the Petroleum Exporting Countries reached a compromise yesterday in an effort to bolster oil prices without sending the world economy into a steeper decline. Original post by Steven Mufson
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The Beautiful Wind of T. Boone Pickens

By dvdmaxwell | Published: March 9, 2009
T. Boone Pickens has his own way of saying things. Original post by Dana Milbank
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Ethanol Producers Press for Higher Limits

By dvdmaxwell | Published: March 5, 2009
The nation’s ethanol producers are urging the Obama administration to raise the 10 percent limit on ethanol in motor fuel to 15 percent or more, a move they hope will create new demand at a time when many distilleries are idle. Original post by Steven Mufson
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