Investigators found that the oil level was low and there were indications that there had been a leak in the system.
Only if the product introduces something truly new, such as soyabeans with a much-higher oil level than usual, is there an additional layer of scrutiny.
Today, domestic oil production is at the highest level in nearly a decade, while oil imports have fallen to the lowest level in nearly 20 years.
If the indexed funds were indeed pushing the price of oil beyond the level justified by supply and demand, then they would be having trouble selling their futures contracts at such high prices before they matured.
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Incidentally, Wendy's rival McDonald's had pledged four years ago that it would switch to a type of oil that cut the level of trans fats in its fries by half.
Incidentally, Wendy's rival McDonald's (nyse: MCD - news - people ) had pledged four years ago that it would switch to a type of oil that cut the level of trans fats in its fries by half.
Oil hit its lowest level in fourth months on Friday, while the U.S. dollar fell against its major trade partners amid speculation that Greece would receive a new bailout package after German and French authorities came to an agreement on how to move forward with the Eurozone debt crisis.
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One of the most geologically enigmatic regions of the continent is found in central Africa, which includes Cameroon, the Central African Republic (CAR), Chad, Congo, the Democratic Republic of Congo (DRC), Equatorial Guinea and Gabon, although some progress has been made in the latter two countries, probably because of their currently high level of oil and mineral exploration.
Conversely, taxes on oil companies will be increased whenever the price of oil rises above the same level.
Yet such sums must be spent each year for many years before oil production reaches the desired level.
In fact, last year, American oil production reached its highest level since 2003.
In 2011, American oil production reached the highest level in nearly a decade and natural gas production reached an all-time high.
This is the highest level of crude oil production in 20 years.
Now, last year, American oil production reached its highest level since 2003.
For example, the President has been fond of saying that he has boosted oil production to its highest level since the mid-1990s.
Future above-inflation rises planned by the previous Labour government will be scrapped - unless the price of oil falls below a certain level.
Although neither Sudan nor its new Southern neighbor are particularly large oil producers, their combined production is only about 500, 000 barrels a day, Russia has a clear economic interest in keeping oil prices at the highest level possible.
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It has pushed U.S. oil production to its highest level in 20 years, the Energy Department says, and natural gas production to an all-time high, with new estimates that the nation has almost 2, 400 trillion cubic feet of recoverable natural gas.
In one swift move, Mr. Waxman has elevated the oil sands debate to a new level.
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Crude oil imports fell to their lowest level in almost two years in August, and consumption growth was flat on the year.
Thursday's decline followed a 3% drop on Wednesday, after U.S. data showed commercial oil inventories were at their highest level since 1990.
Oil prices jumped to their highest level since the Gulf war.
In its announcement of the proposed rules the department stated that U.S. crude oil production is at its highest level in 8 years, while natural gas production has eclipsed the previous production peak set back in 1973.
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We know that under his leadership and during his presidency domestic production of oil and gas -- natural gas -- has increased, and our reliance on imports of foreign oil has decreased to its lowest level in I think something like 16 years.
Crude oil bulls and bears are on a level near-term technical playing field amid choppy trading.
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Already, U.S. oil production has surged to its highest level in a decade.
Crude oil bulls and bears are on a level near-term technical playing field amid choppy and volatile trading recently.
Their oil production has plunged to the lowest level since they were fighting a war with Iraq 20 years ago.
In fact, our oil production last year reached its highest level since 2003, and we want to encourage more safe, responsible drilling where we can.
In January, Ali Naimi, the Saudi oil minister, said that the world's largest oil producer aimed to keep oil prices at the triple-digit level throughout 2012.
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