North America

SAUDIS HAVE U.S. OVER A BARREL

Lester R. Brown, Earth Policy Institute

The Shifting Terms of Trade Between Grain and Oil. In 1970, a bushel of wheat could be traded for a barrel of oil in the world market. It now takes nine bushels of wheat to buy a barrel of oil.

archived April 13, 2004
	

Report: Oil Will Cost $51/barrel by 2025

AP, AP

WASHINGTON - Crude oil prices will increase gradually and reach $51 a barrel by 2025 due to inflation and rising energy needs in developing nations, according to an Energy Department projection.

archived April 13, 2004
	

Surviving oil shocks

FT UK, Financial Times UK

With US Treasury secretary John Snow ratcheting up his criticism of Opec, it is clear the Bush administration is alarmed about rising oil prices.

archived April 13, 2004
	

Guzzling Gas

Washington Post Editorial, Washington Post

IN POORER COUNTRIES, a rise in the price of bread can set off a revolution. In this country, the price of gasoline sometimes seems to have the same kind of power.

archived March 28, 2004