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11 Citation OPEC production cuts and hedge fund money have lifted oil prices. And fears about a falling dollar could push them higher, delicious.com
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1 Citation Chavez, a fierce foe of US influence who calls Cuba's Fidel Castro a mentor, has increased state control over broad swaths of Venezuela's economy including telecommunications, oil and steel assets in his drive to install a socialist model.
State oil company PDVSA recently began taking control of Exterran operations and other oil service assets and plans to incorporate more than 400 workers employed by the US company.
"This decision ... strengthens the country's energy sovereignty, secures oil and gas operations and contributes to the building of socialism," PDVSA said in a statement.
Energy Minister Rafael Ramirez has said only some parts of the OPEC nation's oil industry will be nationalized to guarantee that strategic sectors are controlled by the state.
The national assembly is currently reading a proposed law to put all petrochemical activity under state control, affecting Japanese and US companies and extending the list of companies in the oil industry, delicious.com
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OPEC Oil Export Revenues--Energy Information Administration 1 Citation
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1 Citation Oil fell slightly to settle around $68 Friday as traders took profits from a rally to a seven-month high over $70 a barrel after U.S. employment data showed a slower pace of job losses., delicious.com
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1 Citation Mange ulike artikler om ojlepis og OPEC, delicious.com
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Offshore Oil & Gas News: EDITORIAL: Peak oil, not speculation 1 Citation Peak Oil is for real (but we already knew that): http://is.gd/zdrF , delicious.com
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Worst appears to be over for oil market - OPEC 1 Citation
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1 Citation BP famously "doesn't do" oil- price forecasts. After 18 months in which crude has ricocheted from just under $100 per barrel to an all-time high of $147, then down to less than $40, and now up to $73 again, you can see their point., delicious.com
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Trump's World View | On The Record With Greta - FOXNews.com 1 Citation "I can tell you this. OPEC is raising oil prices and absolutely draining and sucking the blood out of the country. There's no reason for $70 oil. That's very expensive. And OPEC is doing its thing. And as usual, nobody does anything about OPEC. You know, they like to blame it on speculators. Speculators are peanuts by compared to the power that OPEC has. So OPEC is draining the life blood out of this country, number one.....And you have to do something about OPEC. OPEC has to be destroyed in the sense -- in an economic sense. You have to do something about OPEC. They can't -- it really is an illegal situation that they're doing from any standpoint in most countries. But they're doing it and they laugh. The truth is, I know people involved with OPEC. They laugh at the stupidity of our country. They laugh at us. They laugh at the stupidity of our politicians in this country. They do whatever they want to do.", delicious.com
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Beware of another oil shock - Views - livemint.com 1 Citation After hitting a low of around $32 last December, the price of a barrel of oil has risen above $70. While the net effect of this will lead to renewed inflation and hitting our wallets, what is the medium-term outlook for oil? All predictions are risky, but it is likely that prices will go right back up into the $100 level, resulting in many attendant problems for the world economy., delicious.com
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