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Brazil offshore oil workers begin 5-day strike :: CHICAGO SUN-TIMES :: Business
Summary from multiple countries, from articles in English
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IF YOU listen to many elected officials and political pundits, you might think oil companies or speculators are to blame for high oil prices. (article 2)
When a consumer buys a gallon of oil, the company benefiting is more likely to be the national oil company of Saudi Arabia, Nigeria, or Venezuela rather than Chevron, Shell, or Exxon. (article 2)
The reality is that the major US oil companies are price takers: Their prices are set by the world market where they contribute smaller and smaller percentages of the world's production. (article 2)
Sen. John McCain has declared the profits of US oil companies "obscene" and wants to hunt down "speculators" with congressional investigations. (article 3)
RIO DE JANEIRO, Brazil Oil workers struck at 33 offshore oil rigs belonging government-run oil company Petrobras on Monday, adding to concerns of further price hikes on the international market. (article 4)
Marcos Breda said the five-day strike that began just after midnight initially stopped work entirely at 12 of the rigs. (article 4)
Petrobras said in a statement that only two rigs were totally stopped, reducing production by some 136,000 barrels or about 7 percent of the company's production in Brazil. (article 4)
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Other stories about oil, drilling and Prices:
Event tracking:
Story keywords
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oil, drilling, Prices, speculators, offshore |
Source articles
- Anatole Kaletsky (timesonline.co.uk, 07/15/2008, 427 words)
- Running on empty and spreading the blame (boston.com, 07/16/2008, 691 words)
- New York Post (NY Post, 07/16/2008, 642 words)
- Brazil offshore oil workers begin 5-day strike :: CHICAGO SUN-TIMES :: Business (suntimes.com, 07/14/2008, 361 words)
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blaster@cs.columbia.edu
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