Oil is one of the leading resources that have been drawing attention today. Other than being a demanded necessity, oil and petroleum have widened their use, not only for the usual transportation and industrial means, but also towards household utilization as well.
During 2006, oil prices reached outrageous levels, gaining skeptics to wonder if an oil crisis is possible. From all indications, the commanding prices that have been continuously increasing has become one of the worst news that people heard for the year, outside that of the political and legal crisis that countries such as the United States has been witnessing.
As it stands at the moment, the oil prices have been constantly dipping and this has been welcome news to people all over the globe. Businesses entities are heaving a big sigh of relief and economies of scale seem to be improving by the day. Hopefully it keeps up so that business strengths may once again hold their forte everywhere.
[tags]oil crisis, world crisis, crude oil, business[/tags]
Originally posted on January 31, 2007 @ 1:56 am