Entries from August 2008

Friday, August 29th, 2008

NOC-Out Oil

Dubai, UAE

A $117 bargain – oil eyes the record books from afar,
Gustav and Hannah loom large in the Gulf,
Great expectations, stark revelations and plenty more…

Joel Bowman, reporting from Dubai in the Persian Gulf…
At $117 per barrel, crude was considered astronomically expensive. Now, it’s just an uncomfortable reality.
“Where will it end?” traders asked themselves back in [...]