Word: oil
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Sources: The Three Trillion Dollar War; war cost: Congressional Research Services fiscal-year estimates; oil: Energy Information Administration; vehicles: Center for Strategic and Budgetary Assessments...
...OIL SPIKE The world price of oil has quadrupled since the Afghanistan invasion in 2001. In Iraq, prices are even higher because of long and unsafe supply links...
World crude-oil futures...
...Sunday for the Middle East. Reviving the Israeli-Palestinian peace talks looks to be the simpler part of his mission, compared with the task that awaits him in the Saudi capital of Riyadh - persuading the 13-country OPEC cartel to help bring down the soaring price of oil by boosting output. As cynics might say, good luck with that...
...stakes could hardly be higher: With a U.S. recession looming and the dollar at its lowest-ever value against major currencies, oil prices reached a new record high on Thursday, crashing through the $111-a-barrel mark. That's a climb of about 30% in just six months, and this week it sent the prices at U.S. gas pumps soaring to a record national average of $3.27 a gallon...