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	<title>OILISM Crude Oil Resources, Prices, History and Analysis</title>
	<link>http://www.oilism.com/oil</link>
	<description>Addicted to Oil? Crude oil prices, forecast, historical prices, commodity trading and weekly estimates</description>
	<lastBuildDate>Thu, 17 Jul 2008 15:39:12 +0000</lastBuildDate>
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	<item>
		<title>How Oil Prices Have Affected the Economy</title>
		<description><![CDATA[Today we find ourselves in a very unique position. We are facing unusually high oil hikes. Oil has become so very expensive that people are trying all kinds of extreme measures to lower the price. In fact the hike in price of oil is a bit of a controversial issue. The hike in price has [...]]]></description>
		<link>http://www.oilism.com/oil/2008/07/17/how-oil-prices-have-affected-the-economy/</link>
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		<title>Oil Price Hike</title>
		<description><![CDATA[The recent hike in prices of crude oil and fuels has affected the life of common man. It was rather a slap on his face which has put the nations with economic problems in serious desperation, affecting their growth. Rather than to criticize the government and putting the blame on each other, we have to [...]]]></description>
		<link>http://www.oilism.com/oil/2008/07/17/oil-price-hike/</link>
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		<title>High Fuel Prices - Buying a Car is much easier than Keeping it Rolling</title>
		<description><![CDATA[As the world knows, the prices of crude oil are jumping up fast, and show no signs of  slowing down. The same price effect is seen with the fuel prices for gasoline and diesel. The average fuel price for a gallon gasoline in the US is now over $3.00 and Americans are getting used [...]]]></description>
		<link>http://www.oilism.com/oil/2008/02/12/high-fuel-prices-buying-a-car-is-much-easier-than-keeping-it-rolling/</link>
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		<title>Oil Rigs - Booming Oil Business</title>
		<description><![CDATA[Oil explorers expect to aim more for deepwater rigs this year as shortages caused crude oil prices to triple in the world&#8217;s second-biggest market for the oil rigs. This is the tightest oil rig market not seen in a lot of years. Stated by an U.N. Executive at Oil &#38; Natural Gas, who has spent [...]]]></description>
		<link>http://www.oilism.com/oil/2008/01/02/oil-rigs-booming-oil-business/</link>
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		<title>World’s Next Top Oil Company</title>
		<description><![CDATA[As you may know, oil &#38; energy companies are becoming some of the richest companies in the world, even toping larger companies like Microsoft and Apple. Just last year, ExxonMobile, America’s largest oil company, toped at 195 billion dollars. Second in the US ranking was the ChevronTexaco with over 130 billion dollars, but spent over 6 [...]]]></description>
		<link>http://www.oilism.com/oil/2008/01/01/world%e2%80%99s-next-top-oil-company-2008/</link>
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		<title>Crude Oil to Petroleum Ratio</title>
		<description><![CDATA[Do you know you only need 42 gallons of crude oil to get 44 gallons of petroleum heating oil in return, $$$.  All this without adding anything else to it even natural gasses and other secondary oil refinery products excluded. Is it true? How on earth is this possible?
First the following about the oil refinery process
If you boil crude oil [...]]]></description>
		<link>http://www.oilism.com/oil/2007/12/28/crude-oil-to-petroleum-refinery-ratio/</link>
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		<title>Crude Oil Prices - Future Chain 2008/2009</title>
		<description><![CDATA[Below is the complete Crude Oil future chain list for 2008 and 2009. Daily trade graphs of all crude oil price futures included. The Oil futures chain is a chronological list of all oil future contracts for a particular period. Crude oil has future contracts for several forward months up till the end of 2009. All the crude [...]]]></description>
		<link>http://www.oilism.com/oil/2007/12/28/crude-oil-prices-future-chain-20082009/</link>
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		<title>The Biggest Oil Spills in History</title>
		<description><![CDATA[Major oil spills shave occurred in the oil industry since many years and some have had devastating effects on the environment,  local climate and habitat of animals. Oil spills are the accidental release of oil in environment due human activity on oil riggs and containerships. This oil cargo can be of different types including crude oil, [...]]]></description>
		<link>http://www.oilism.com/oil/2007/12/28/the-biggest-oil-spills-in-history/</link>
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		<title>The Petrodollar warfare</title>
		<description><![CDATA[This is word that has hiding meaning with it which is sometimes coined as the hidden foreign policy of United states that has helped the US dollar to remain the world&#8217; main currency in international trade and in which the oil is priced. It is also sometimes termed as oil currency war. This single most [...]]]></description>
		<link>http://www.oilism.com/oil/2007/12/23/the-petrodollar-warfare/</link>
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		<title>The rising oil price trend in the recent years</title>
		<description><![CDATA[The price of oil was well low at $25/barrel in late 2003 but jumped to double at whooping $60/barrel in the mid 2005. There was an uncontrolled change in the price of oil in most of times since 2005 to 2006 with some high and downs but settled at around $50-$60/barel in the early 2007. [...]]]></description>
		<link>http://www.oilism.com/oil/2007/12/23/the-rising-oil-price-trend-in-the-recent-years/</link>
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		<title>What&#8217;s behind the Game of Oil?</title>
		<description><![CDATA[More than in a half century long history Oil, has been the only one determining factor on international economy. The rise and fall in oil prices have shivered most of the biggest industry through out the world. Since the end of world war I oil has become the single most valuable element of shivering the [...]]]></description>
		<link>http://www.oilism.com/oil/2007/12/20/whats-behind-the-game-of-oil/</link>
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		<title>The Peak Oil Theory</title>
		<description><![CDATA[Peak oil theory or normally known as Hubbert Peak theory states that the future word production of oil with increasing in near years and again decline at the same rate until the reserves are exhausted. This Peak Oil theory suggest the way to find out the current reserves capacity and its duration to exhaust but it [...]]]></description>
		<link>http://www.oilism.com/oil/2007/12/20/the-peak-oil-theory/</link>
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		<title>Major Oil Crisis in time</title>
		<description><![CDATA[There have take place several global energy crisis’s that affected the oil price. For example in 1973 a large selection of the OPEC nations forced an oil export embargo. This oil embargo was organized as a protest against the Western help for Israel during the Yom Kippur War. In two years time crude oil prices [...]]]></description>
		<link>http://www.oilism.com/oil/2007/12/15/major-oil-crisis-in-time/</link>
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		<title>Crude Oil Price History 1950-2008</title>
		<description><![CDATA[One thing is for sure, over time crude oil prices fluctuate a lot. Any investigation of historical crude oil prices will reveal interesting trends and trade signals. For a part this can be explained by seasonal trends which are more easy to forecast than political tensions. We strongly suggest the usage of precise weather forecast [...]]]></description>
		<link>http://www.oilism.com/oil/2007/12/15/crude-oil-price-history-1950-2008/</link>
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		<title>China wins crude oil in Iran</title>
		<description><![CDATA[The Iranian minister of oil Gholam Hossein Nozari told the press during a press conference a contract had been closed with the Chinese Oil company Sinopec for the development of the Iranian oil field Yadavaran.
The Chinese oil company Sinopec invests over two billion dollar for the development of the Iranian oil field Yadavaran. 
China is already [...]]]></description>
		<link>http://www.oilism.com/oil/2007/12/15/china-wins-crude-oil-in-iran/</link>
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		<title>Crude Back Above the $95 - Oil supplies &#038; dollar drops!</title>
		<description><![CDATA[The crude oil supplies decreased in the week of 7 December with 700,000 barrels up to 304.5 million barrels. This becomes clear from data of the American ministry of Energy. Analysts counted on an average increase of 100,000 barrels, so this figure was lower than expected. 
The petrol and fuel supplies, of which an increase with 1.2 million barrels was forecasted, ended up stronger [...]]]></description>
		<link>http://www.oilism.com/oil/2007/12/12/crude-back-above-the-92-oil-supplies-dollar-drops/</link>
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		<title>No production increase by OPEC</title>
		<description><![CDATA[THE OPEC does not want raise oil production. According to the OPEC there is no shortage to oil at this stage.
90 dollars
THE OPEC, the organisation of oil exporting countries, have decided not to increase oil production levels  at this moment especially now crude oil prices decreased up to under the 90 dollars a barrel. This has been [...]]]></description>
		<link>http://www.oilism.com/oil/2007/12/03/no-production-increase-by-opec/</link>
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		<title>&#8220;Price a Barrel too high&#8221;: Oil minister Al-Naimi</title>
		<description><![CDATA[Saudi oil minister finds crude oil unfair priced.
According to the Saudi oil ministerAl-Naimi there is a sufficient supply of crude oil to meet to the demand at this moment. At current levels the price of crude oil is too volatile and unfairly because of the supply demand ratio. Al-Naimi saids this yesterday on an energy congress in Singapore.
Production
Al-Naimi did not want discuss the question if [...]]]></description>
		<link>http://www.oilism.com/oil/2007/12/03/price-a-barrel-too-high-oil-minister-al-naimi/</link>
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		<title>100USD A BARREL!!</title>
		<description><![CDATA[The price for a barrel crude oil has approached the 100 US dollar barrier. 
During the electronic trade in Asia the barrier of 99 dollars was broken and a new record of 99.29 dollar was reached. Afterwards the price of crude oil fell something, but a poll position was sent for monday trade. Experts call [...]]]></description>
		<link>http://www.oilism.com/oil/2007/11/25/100usd-a-barrel/</link>
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		<title>Drop in Crude Oil Price</title>
		<description><![CDATA[Although the price of a barrel of crude oil increased the previous months spectacularly and hovered last week even around the 100 US dollars. This week every piece of little news related directly or indirectly caused a immediately fall of the crude oilprice. All crudes like brent(north sea) light sweet and NYMEX dropped heavily in [...]]]></description>
		<link>http://www.oilism.com/oil/2007/11/13/drop-in-crude-oil-price/</link>
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		<title>Peaking Oil Price</title>
		<description><![CDATA[

On the oil market concerns rose these week because of the unexpected drop in oil supplies and reserves while the US is getting ready for winter.On the future crude oil market the price of a barrel US crude oil (of 159 liters) headed towards the record of 96.24 dollar, but and the end of a [...]]]></description>
		<link>http://www.oilism.com/oil/2007/11/03/peaking-oil-price/</link>
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		<title>How many barrels till Peak Oil?</title>
		<description><![CDATA[Human-beings are for their development dependent on their energy reserves. More energy means a more rapidly and sophisticated a society. Energy is everything, literal. The current society depends almost entirely on oil and gas. The industrial revolution was fed by fossile fuels. In former days in the form of coals, nowadays in the form of [...]]]></description>
		<link>http://www.oilism.com/oil/2007/10/26/how-many-barrels-till-peak-oil/</link>
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		<title>Crude Oil / Gas Prices Are High and Volatile</title>
		<description><![CDATA[As history demonstrates, energy prices have typically been high and volatile. Energy prices, particularly crude oil and natural gas can fluctuate by more than 60% from year to year. The past year has certainly been no exception to this volatility.

The average oil barrel price for October 2007 climbed by more than 30% in relation to [...]]]></description>
		<link>http://www.oilism.com/oil/2007/10/26/crude-oil-gas-prices-are-high-and-volatile/</link>
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		<title>Oil Reserve vs. Oil Production</title>
		<description><![CDATA[The question to the continously oil price increase and the speed by what this happens coincides closely with the economic growth. The oil industry has appeared to be able to discover new reserves and as a result, the stock level kept in place, in spite of the increased demand for crude oil during the previous [...]]]></description>
		<link>http://www.oilism.com/oil/2007/10/25/oil-reserve-vs-oil-production/</link>
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		<title>OPEC not amused about Bio-ethanol</title>
		<description><![CDATA[According to a recent publication the oil-producing countries, further OPEC,  is becoming more nervous about the rise on Bio-ethanol products, in spite of that the impact is as yet limited for now.  The fear of the oil-producing countries OPEC is remarkable. The influence of Bio-ethanol is still very limited, as it happens, - [...]]]></description>
		<link>http://www.oilism.com/oil/2007/10/25/opec-not-amused-about-bio-ethanol/</link>
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		<title>Crude Oil Prices - 10 min. delay</title>
		<description><![CDATA[
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		<link>http://www.oilism.com/oil/2007/10/24/crude-oil-price/</link>
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