Proponents of the peak-oil theory can muster studies and statistics backing their claim that declining global oil output is nigh. Critics point to new technologies and unconventional oil fields as saviors. Either way, a return …
Unless there’s a breakthrough in battery technology, gasoline will remain the primary auto fuel in the U.S. for years. But our dependence on imported oil comes with a major risk of supply disruption. And the U.S. has a domestic…
Saudi Arabian Airlines placed an order for 12 Boeing (BA) 777-300 “Extended Range” planes in a deal worth $3.3 billion.
The deal gives the Saudi carrier, which is in the process of privatization, an option for another 10 777s, Reuters reported. Saudi Arabian Airlines also ordered eight Boeing 787 Dreamliners for an unspecified price.
“Our decision to order the 777-300 ER is part of…
Continue reading Saudi Arabian Airlines Orders 12 Boeing Jets for $3.3 Billion
Saudi Arabian Airlines Orders 12 Boeing Jets for $3.3 Billion originally appeared on DailyFinance on Mon, 08 Nov 2010 07:00:00.
Filed Under: Company News, Technology, Boeing
The U.S. State Department says it will sell as much as $60 billion worth of military aircraft to Saudi Arabia over the next two decades in an attempt to protect the Middle East against the threat of Iranian military expansion. …
The Organization of the Petroleum Exporting Countries will leave oil output unchanged, a delegate at the group’s current meeting told Reuters. Oil ministers apparently are not worried the weak dollar will drive up the price of …