Energy Literacy Advocates Newsroom
Energy Literacy Advocates (ELA) is a non-partisan, non-profit, public education and advocacy group dedicated to improving the energy literacy of all sectors of our democracy in order to empower a comprehensive national energy policy that is responsible and sustainable. Stay tuned for updated energy news!
Thursday, April 10, 2008
Oil Prices Hit Historic High
Oil prices set a new record high during trading on Wednesday, April 9, topping out at $112 per barrel. Rising oil prices can not turn to OPEC for alleviation, as producers maintained their decision to cap production at current levels.
Additionally, the larger than anticipated fall in U.S. crude and gasoline inventories coupled with the declining value of the dollar spurred oil trading on to a record high.
For more, click here.
Additionally, the larger than anticipated fall in U.S. crude and gasoline inventories coupled with the declining value of the dollar spurred oil trading on to a record high.
For more, click here.
Labels: oil price, oil supply
posted by Amanda Voss at 8:49 AM
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