Obama urges opening oil reserves
Tuesday, August 5th, 2008US presidential hopeful Barack Obama outlines his plans to tackle the cost of energy and its impact on the US economy.
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Bush pushes offshore drilling
Saturday, August 2nd, 2008President Bush chastised Democrats on Saturday for refusing to allow a vote on whether to lift the federal ban on offshore oil drilling before lawmakers departed for their summer recess.
Global pressures forge a new oil reality
Sunday, July 27th, 2008
While the cost of crude has surged before, this oil shock is different. There is little prospect that drivers will ever again see gas prices retreat to the levels they enjoyed for much of the last generation.
L.A. is home to new rush of oil drilling
Friday, July 18th, 2008
With oil prices so high, all over Los Angeles people are digging, or restarting, wells. Beverly Hills is one of the city’s most fertile fields, producing nearly a million barrels a year.
The Big Question
Friday, July 18th, 2008After yesterday’s market, the question is, have we finally hit bottom?
Citi just reported better than expected numbers, and futures for the morning are improving.
Oil back below 130? Trump says there are tankers full of oil that cant do anything with it. Wow.
Well, Would You Look At Oil?
Tuesday, July 8th, 2008Price of Crude this morning is down 6 bucks as of right now. Mastercard comes out with a preliminary report this morning about demand, then you have the Weekly report tomorrow. Is demand destruction starting to show up in the markets?
Cost of oil, gas is totally bogus for surfers
Monday, July 7th, 2008
The surging cost of oil has been a dose of reality for many surfers who have long thought of their sport as a counterculture niche shielded from the pressures of mainstream America.
Quest for oil, gas off Fla. begins
Friday, July 4th, 2008Oil companies once viewed drilling in the deep waters off Florida as cost prohibitive. Politicians feared even the slightest sign of support would be career suicide.
Oil a shaky crutch for Iran’s Ahmadinejad
Monday, June 30th, 2008
Iranian President Mahmoud Ahmadinejad is relying on huge increases in oil and gas revenue to insulate his government from internal and external pressures. But the increasing gap between the rich and poor is denting his populist appeal.
Giant Saudi field is key to boosting oil output
Sunday, June 29th, 2008
This massive oil field surrounded by the desolate sands of Saudi Arabia’s vast eastern desert feels like the middle of nowhere.
