CBC.ca | Oil Prices: What's Behind the Drop? Simple Economics New York Times United States domestic production has nearly doubled over the last six years, pushing out oil imports that need to find another home. Saudi, Nigerian and Algerian oil that once was sold in the United States is suddenly competing for Asian markets, and ... Canadian dollar slumps back to 82 cents as oil, gold slip What Saudi Arabia Has Bought For $50 Billion In Its Oil War Oil companies' credit squeeze turns to an embrace |