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Tag Archive | "Oil"

Oil Jumps 8.5% from Friday to President’s Day

Oil prices soared to the highest level in more than two years as violence spread in Libya and Moammar Gadhafi’s grip weakened over the country. A Fear Tax is the increase in price of oil when there is some worry that there will be disruption in oil supplies from the Middle East. And that makes […]

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San Martin Texmelucan, Mexico Pipeline Fire Kills 28, Injures 52

Video of aftermath of oil pipeline crash in San Martin Texmelucan, Mexico Sunday that may have been caused by an attempted theft of fuel. Authorities have launched an investigation into an oil pipeline blast that burned swaths of a Mexican town Sunday. Families were burying their dead Monday. At least 28 people were killed and […]

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