Nations React to Rising Oil Costs: Spain Lowers Speed Limit, US Whines

Photo of Spain’s highways: Zaqarbal , Flickr, CC Once again, oil prices are rising around the world. Yes, the turmoil in Libya and the Middle East is jacking up global prices, but it’s becoming more and more apparent that the trend is certain to continue. After all, even Saudi Arabia’s own experts — who sit on the world’s largest oil stores — admit that they drastically overestimated their supplies . Russia, whose huge economy depends on oil, is

Read more from the original source:

Nations React to Rising Oil Costs: Spain Lowers Speed Limit, US Whines

Posted by on February 28, 2011. Filed under Lifestyle. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Nations React to Rising Oil Costs: Spain Lowers Speed Limit, US Whines

February 28, 2011 | Filed under: News | Posted by:

Photo of Spain’s highways: Zaqarbal , Flickr, CC Once again, oil prices are rising around the world. Yes, the turmoil in Libya and the Middle East is jacking up global prices, but it’s becoming more and more apparent that the trend is certain to continue. After all, even Saudi Arabia’s own experts — who sit on the world’s largest oil stores — admit that they drastically overestimated their supplies . Russia, whose huge economy depends on oil, is

See original here:

Nations React to Rising Oil Costs: Spain Lowers Speed Limit, US Whines

Posted by on February 28, 2011. Filed under News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry