WORLD OIL COMMODITY

THE OBJECTIVE OF THIS BLOG IS TO MANIFEST INDIGNATION TO THE LIES AND OPTIONS TAKEN BY GALP ENERGIA PORTUGALS PETROL COMPANY.

Tuesday, March 13, 2007

U.S. Demand, Stockpiles

The U.S. is the world's largest oil consumer. A separate report yesterday showed U.S. retail sales rose a less-than forecast 0.1 percent in February.
``When there's a situation like this happening on Wall Street everybody flies to cash for everything,'' New Wave's Mennis said. ``Everybody is talking about how important the housing market has been to this economic boom we've had. I think people are getting more wary.''
Oil yesterday climbed to $59.55 after the International Energy Agency said oil stockpiles in industrial nations may fall the most in 10 years this quarter on recent cold weather and OPEC's supply cuts...

BUT HERE IN PORTUGAL THE CONSUMER PETROL PRICES ARE ONE OF THE MOST EXPENSIVE IN EUROPE...THANKA TO THE GOVERMENT AND TO GALP ENERGIA,...

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