Tag Archive | "Cubic"

Oil Price Drops on Job Losses

Monday, February 9, 2009

The United States government statement that U.S. employers had slashed over a half million jobs in January, the highest yet in 35 years, lead to crude oil prices dropping just below $41 a barrel, way below the high of $147 a barrel last summer. There is a link between layoffs and the demand on oil, say analysts, as those laid off see no need for the daily commute, and buy less of petroleum products like toys and raincoats.

Cubic Energy Drills 5th Haynesville Shale Well

Tuesday, August 5, 2008

Cubic Energy, an independent developer of crude oil and natural gas, reported that it had drilled its fifth Haynesville Shale well in its northwest Louisiana acreage.

Oil Price Chart
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