Thursday, January 08, 2009

-

The next oil crisis?

Monday 26 May 2008

Crude continues to rise after reaching a record of one hundred and thirty dollars a barrel last week. Forecasts leave little room for optimism and many are tempted to draw parallels with the landmark crises of 1973 and 1979.

News Briefs
Weather
Currently
  • New York
    Low clouds.  Chilly.
    2°C
  • Rio de Janeiro
    Partly cloudy.  Mild.
    24°C
  • London
    Passing clouds.  Chilly.
    3°C
  • Paris
    Ice fog.  Chilly.
    0°C
  • Moscow
    Passing clouds.  Cold.
    -12°C
  • Istanbul
    Passing clouds.  Nippy.
    5°C
  • Mumbai / Bombay
    0°C
  • Beijing
    Clear.  Cold.
    -6°C
  • Tokyo
    Scattered clouds.  Nippy.
    5°C
  • Shanghai
    Clear.  Chilly.
    3°C
  • Sydney
    Scattered showers.  Broken cloud
    21°C
  • Johannesburg
    Clear.  Mild.
    23°C