BY BENJIE OLIVEROS Bulatlat.com The country is again facing the prospect of oil price spikes. Why? Can nothing be done about it? The country, and the world, are again being threatened with the probability of run-away increases in the prices of oil, gas, and its derivatives. New York’s main contract, light sweet crude for June…
Oil Squeeze
Marya Salamat
$73.69 per barrel, Al-Queda, Brent North Sea Crude, chevron, China, crude, E-VAT, Exxon Mobil, IMF, Intercontinental Exchange, International Petroleum Exchange, Kuwait, London, New YOrk, New York Mercantile Exchange, Nigeria, oil companies, Organization of Petroleum Exporting Countries (OPEC), PDI, Petron Corp, Pilipinas Shell, Royal Dutch Shell, Saudi Arabia, Sudan, Texaco