China and India join hands on oil acquisitions

The demand for oil has been increasing continuously for many years now. After the recession, oil prices have been at what some think can be called peak levels. To bring oil prices under control, economists have thought of an idea. The idea is to go for oil acquisitions in the foreign states which have reserves of oil. China and India have always been in a race for oil acquisitions. But now, they...
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Chapter 1 “A Short Story of the History of Oil”

Chapter 1 “A Short Story of the History of Oil” Few know that today’s oil economy was initially founded in resolution of the issue of the shortage of whales. Whale oil was the big thing in the early 1860’s. Conventional illumination back then was produced by burning candles made of beeswax or animal fat, but the brightest and purest light came from whale oil. As a result, this rare substance was...
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American dollar might be going the way of Iceland

2008 was a very dramatic year from an economic point of view, when the worldwide real estate market was skidded. All three major banks of Iceland failed; leaving losses higher than Iceland’s GDP to be borne by banks and backed up by government. Strict pledges and help from the European Union helped Iceland escape insolvency. The Icelandic krona was decimated in terms of its foreign exchange...
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Flood Insurance Can Be Beneficial

The National Flood Insurance Program, also known as NFIP, caters to various New York based communities for quality insurance. However, you should fully understand flood insurance before-hand. To suit this purpose, the Federal Emergency Management Agency has come up with some things that everybody should know about flood insurance. Here is a look: Flood insurance is easily available. It is easy...
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Check before you invest in oil and gas

People have found a new investment option. We’re talking about oil and gas investments. Oil and gas markets have seen a steady rise in the years since the recession hit the global economy. Many astute investors have seen that oil and natural gas are the two most sought out sectors which can yield profits. They know that if they invest in oil and gas they will very likely see favorable...
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