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Even the recent global recession, though triggered by a financial crisis, was exacerbated by spiking oil prices in 2008. With the barrel price reaching $145 in July of that year, oil-importing advanced economies and emerging markets alike faced a rec

Article Image, By Garry White

Last week, the Tehran Times noted that the Iranian oil bourse will start trading oil in currencies other than the dollar from March 20. This long-planned move is part of President Mahmoud Ahmadinejad’s vision of economic war with the west.

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Washington Post

Shiny black solar panels are as common a sight as government subsidies have helped make Germany a world leader in solar technology. Now, sudden subsidy cuts here and elsewhere in Europe have thrown the industry into crisis just short of its ultimate

Article Image, By JERRY A. DICOLO

U.S. gasoline prices jumped 6% in February, and market experts predict they will climb higher because critical refining operations in the Northeast are shutting down.

Article Image, Robert Johnson

Ten years ago Williston, North Dakota was a quiet agricultural town with a population around 12,000. Today, because of oil prices and drilling advancements, Williston is home to America's biggest oil boom and its residents number over 30,000.

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Common Dreams staff

In April of 2011, with an attempt to address soaring gas prices and public concern, President Obama announced the creation of a special task force that would, according to the Justice Dept., "focus specifically on fraud in the energy markets."