Ma-tek
13-08-2004, 00:58
TURATH, THURSDAY - Imperial Energy announced minutes ago that it will be reducing its oil production levels by nearly 30% - cutting oil output to 1.7 million barrels per day, from 2.1million barrels per day. ImpEn Oil, a sweet, light oil produced by Imperial Energy, has already risen from Rlh8.23 to Rlh12.34 - it's highest level since the crisis caused to the Illuvauromeni oil industry when petroleum and diesel were outlawed in the old Empire of the Eternal Dawn.
Prices are expected to rise, but Illuvauromeni Commonality financial experts believe the impact will largely be felt by the economies of the major trading partners of the Commonality - or, at least those that still use hydrocarbon-based engines or have not yet made the switch to silicate plastics.
~ story converted to text from an INN Solar Financial1, posted on the INN Solar Financial Mesh/website
[OOC: Note: Rlh8.23 is equivalent to US$10.21; Rlh12.34 is equivalent to US$15.30. (US$1.24 equal to 1 Relhame]]
Prices are expected to rise, but Illuvauromeni Commonality financial experts believe the impact will largely be felt by the economies of the major trading partners of the Commonality - or, at least those that still use hydrocarbon-based engines or have not yet made the switch to silicate plastics.
~ story converted to text from an INN Solar Financial1, posted on the INN Solar Financial Mesh/website
[OOC: Note: Rlh8.23 is equivalent to US$10.21; Rlh12.34 is equivalent to US$15.30. (US$1.24 equal to 1 Relhame]]