Record oil prices spark warning of potential for bubble: 'This market is about fear'

Article Abstract:

A fresh concern that emerged, with oil prices at a record high of nearly US $44 a barrel on 2 August 2004, was that highly speculative buyers were driving oil so high, so fast that there would be an all-out rout when prices finally begin to fall. The potential for such a scenario and the measures taken by the Organization of Petroleum Exporting Countries (OPEC) to prevent it are discussed.

United States, Production management, Organization of Petroleum Exporting Countries, Management dynamics, Management, Organization of the Petroleum Exporting Countries, Company business management

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Consumers at the wheel of gas price fluctuations: wild cost swings at the pumps are a sore spot for Canadians

Article Abstract:

The rise in petrol prices in Canada due to a series of chain reactions such as hiking the price before the weekend and the competition between different petrol pumps due to this change is discussed. The role of consumers in controlling gasoline prices is also described.

Canada

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