AGORACOM Investor Relations is pleased to bring you this Industry Report affecting Lexaria. Today's New York Times has an article about oil and gasoline prices over the last decade. It provides some historical perspective and how it has affected different countries in different ways.
The article stated:
In 1999, the price of oil hovered around $16 a barrel. In July 2008, it reached a peak of $147 a barrel. By the end of the year, as most of the world fell into recession, prices plunged to below $49 a barrel, a roller coaster ride that left both producers and consumers confused and wrung out. Prices were still far higher than they had been at the beginning of the decade, but oil-producing countries that had reshaped their economies around the huge influx of revenues faced a suddenly altered landscape.
The New York Times article also has links to helpful industry related sites and can help people with their due diligence regarding investing in the oil sector. To read the article in its entirety, you can access it through the following link:
http://topics.nytimes.com/topics/ref...
AGORACOM encourages constructive dialogue regarding Lexaria. Feel free to comment on this discussion forum either about this piece or any other facet of the company's business.
AGORACOM Investor Relations
