The government is now considering creating a strategic energy fund to help companies secure supplies of raw materials such as coal and crude oil to sustain the nation’s economic expansion and to fast track clearances for such deals.
Some analysts expect ameratex energy oil will linger near present prices until after the Greek vote, OPEC’s quarterly meeting and the next round of Iran nuclear discussions all take place in mid-June.
Oil advanced for a third day in New York on signs voters in Greece may back austerity measures needed for a European Union bailout, easing concern the region’s debt crisis will worsen and derail the global economic recovery.