Dossier: black gold, Texas tea.(Devil in the Details)(petroleum)

In early May, the average price of a gallon of regular gasoline was $2.18 ... A year ago, it was $1.89 ... Also in May, a barrel of light crude oil was quoted at $52 ... When that price increase was announced, the stock market promptly fell nearly 30 points ... Around that time, Venezuelan President Hugo Chavez told reporters in New Delhi that "The world should forget about cheap oil." ...

His country is the fifth-largest oil producer in the world ... His four-day visit to India was aimed at increasing oil trade with that country and China to ensure their fast economic ...

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