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During 2003, the price rose above $30, reached $60 by 11 August 2005, and peaked at $147.30 in July 2008. these price increases to many factors, including Middle East tension, soaring demand from China,[2] the falling value of the U.S. dollar.
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Hurricane Rita was the fourth-most intense Atlantic hurricane ever recorded and the most intense tropical cyclone ever observed in the Gulf of Mexico. Total damages resulting from Hurricane Rita amounted to over $10.5 billion
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The economic effects of Hurricane Katrina, which hit Louisiana, Florida, Texas and Mississippi in late August 2005, were far-reaching. In 2006, the Bush administration sought over $100 billion for repairs and reconstruction in the region, making the storm the costliest natural disaster in US history.
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The Finacial global crisis is a thing that affected the big parts of all of this together and makes it more likely to do this in the future and will cause bankruptcy in banks
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Global Finacial Crisis Of 2008 is considered by many economists to have been the most serious financial crisis since the Great Depression of the 1930s.
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