$2 petrol again – it’s on the way down

Halleluja, let’s enjoy it while we can. Petrol prices could be headed back under $2 a litre after oil hit a three-month low early yesterday. Motorists have already had four price cuts in the past three weeks, dropping the price by a total of about 16c a litre. Petrol is now 202.9c a litre for […]

Iraq War May Have Increased Energy Costs Worldwide by a Staggering $6 Trillion

The invasion of Iraq by Britain and the US has trebled the price of oil, according to a leading expert, costing the world a staggering $6 trillion in higher energy prices alone. The oil economist Dr Mamdouh Salameh, who advises both the World Bank and the UN Industrial Development Organisation (Unido), told The Independent on […]