Oil prices rose above the symbolic level of $100 a barrel for the first time on Wednesday, a long-awaited milestone in an era of rapidly escalating energy demand. Crude oil futures for February delivery crossed the $100 threshold on the New York Mercantile Exchange shortly after noon New York time...
[and still the US refuses to develop its own reserves...]
http://www.iht.com/articles/2008/01/02/business/02oil-nyt.php
Thursday, January 3, 2008
Oil hits $100 a barrel for the first time
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