CO2 ‘highest for 650,000 years’

Talk about Levels! Current levels of the greenhouse gases carbon dioxide (CO2) and methane in the atmosphere are higher now. I mean than at any time in the past 650,000 years. That is the conclusion of new European studies looking at ice taken from 3km below the surface of Antarctica. The scientists say their research... Continue Reading →

Oil Prices Will Increase Amid Supply Constraints

Why are gasoline prices so high? Source: US Department of Energy Even before the storm, gasoline and diesel prices were high as a result of tight crude oil supplies and increased global demand for transportation fuels. •OPEC production decisions will continue to influence the oil market situation. •Low surplus production capacity of 2 to 3 million barrels per day, concentrated in Saudi Arabia, weakens the market's ability to respond to supply disruptions. •Oil prices likely to remain high at least through 2009. •Many uncertainties could alter the outlook and create volatility in global oil markets.

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