A committee appointed by Barack Obama to the cause of the worst environmental disaster to expose America’s shield appeared today on the clash of wills between BP and the operator of the doomed rig Deepwater Horizon. In the high-stakes world of offshore drilling, was built in conflict between oil companies like BP and rig operators like Transocean, told the committee was on the opening day of public hearings in a hotel in New Orleans. Read more
Tags: <barack obama, bp oil corp, Diamond Offshore Drilling, environtment disaster, natural friction, offshore drilling, oil companies, oil disaster>, Macondo Disaster, Disaster Bhpb, Conflicts Between Two Disasters
World stocks slid to six weeks lows on Monday as the devastating toll of the earthquake in Japan, the tsunami and the nuclear crisis continued to unfold, raising fears for the impact on industries ranging from insurance to electricity generation.
Oil prices fell on expectations of slower demand from Japan, the world’s third largest economy and a major oil importer. Growing unrest in a Yemeni border Saudi Arabia, the world’s largest oil exporter, limited the decline in oil prices. (more…)
Crude futures fell NEW YORK-Friday with a slumping euro as Standard & Poor’s willing to credit rating downgrade France, adding new fears about the European economy. The ratings service, knowledge of the French government and other European governments that their debt ratings cut, according to reports Friday, sending the euro to 16-month lows against the dollar and taking the wind out of riskier assets such as oil, stocks and other commodities. News of the impending downgrades renewed concerns about a possible stumbling block for the world economy and oil demand. Traders quickly switched gears to focus on the credit crisis in Europe after a Thursday selloff was sparked by possible delays in the EU embargo on Iranian oil. (more…)
The steel prices under pressure of iron ore and coal prices rose sharply in 2010. The new system a lot of iron ore contract prices affect the stability of prices of iron ore and coking coal prices, as raw materials in the steel industry. Last year, the average cost of steel makers’ production of steel used in construction and make the car, ranging between 220 USD and 254 USD per tonne. (more…)
