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"$70 a Barrel: A New Floor for the Oil Industry?"

"After years of volatility, oil prices have found a level that seems to satisfy producing nations, oil companies and major consumers. But in the wake of the economic crisis and the collapse in demand, a new reality has also set across the petroleum industry. Today’s price of around $70 a barrel is increasingly viewed as a new floor for the industry."

Source: NYTimes, 10/20/2009

"World Economies Hold Climate Talks in London"

"Representatives of the world's biggest carbon polluters began two days of informal talks in London on Sunday to map out common ground 50 days before a key UN climate conference in Copenhagen."

Source: AFP, 10/19/2009

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