Get to know about Oil wells

What exactly is an oil well? This term can be applied to any drilling or orifice made in the crust of the surface of the earth, with the main purpose being the retrieval of petroleum oil, or other fossil fuels. Petroleum oil is usually not the only product that is retrieved. Sometimes, by-products like coal, precious metals, ore and mainly natural gas are bound to turn up in the substances found...
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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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After recession markets opted to invest in oil and gas sector

The recession shook the world and took everyone by surprise. Many people lost their jobs, a few even lost their houses. It looked as if the world was suffocating and finding it difficult to breathe. The stock market was down and the investors had taken a huge loss. While many were recovering from the loss, few investors were still interested in finding a way to invest and increase their money....
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Don’t worry if the market falls

In today’s volatile market environment, conditions are always changing; it is generally observed that first day trading is the most effective time. First day trading refers to trading on the first day of the month. It has been observed that it is best to begin investments on the first day of the month in those companies which are going a little on the low side as per standards. It was...
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Hike in Food and Energy prices and the rise of the Price Index

Inflation has hit new highs with the increase in food and energy prices across the world. Indeed, it is a very disturbing scenario, since most of the world economy is already reeling under the effects of the economic recession which has shattered worldwide economies. With the start of the economic depression, the world’s economies have been badly hit, with the common man finding it very...
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