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Iran Tensions Could Mean $5 Gas
Going to war with Iran would be an expensive proposition for America's drivers. Tensions over the country's nuclear ambitions have already pushed crude oil prices up 20% to a record winter high, energy...
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Deepwater Drilling to Pass Pre-Spill Heights
It's been almost two years since the Deepwater Horizon explosion, and deepwater drilling is back. With a year-long moratorium over, BP and other companies are intensifying their operations in the Gulf...
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Gas Prices Not Really the President's Fault
As gas prices rise, President Obama's approval rating falls , which makes sense, because those painful numbers at the pump are all his fault, right? Wrong, say oil experts and economists. The...
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US Refineries Close, Pushing Gas Prices Higher
Add one more victim to the soaring price of petroleum—refineries. Yes, despite gas prices rising another 6% in February, refineries in the US Northeast are shutting down because they're losing money,...
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Gas Prices Level Off, May Have Peaked
Gas prices are holding steady at $3.92 a gallon, and that could be on the verge of coming down, reports USA Today . With a key benchmark falling to a two-month low yesterday and growing signs of a...
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Economy's Silver Lining: Lower Gas Prices
One bright spot amid the latest economic news : Gas prices are falling nationwide, and fell below $2.99 at two gas stations yesterday, the AP reports. Not all consumers will be so lucky, but plunging...
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Embargo Bleeds Iran of $133M a Day
Mahmoud Ahmadinejad's country is missing out on some $133 million a day as much of the globe shuns its oil, and Barack Obama is making bank on it. As Bloomberg reports, the US-led embargo on Tehran's...
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Obama May Tap Oil Reserves
Think the price of gas is getting too high? The Obama administration agrees. It's currently "dusting off old plans" to potentially tap the Strategic Petroleum Reserve, a source tells Reuters . Driving...
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Oil Prices Hit 2-Year High on Syria Tension
The price of oil climbed to its highest in more than two years today as the US edged closer to taking action against Syria. Benchmark oil for October delivery rose $1.09, or 1%, to $110.10 a barrel on...
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Workers in 'Panic Mode' Over Low Price of Oil
Countries around the world continue to be impacted in various ways from the oil price crash over the last year, and there's one demographic that's definitely feeling the negative effects: oil workers...
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Stocks See Third-Worst Drop This Year
Markets are turning turbulent again after investors were unnerved by more signs of weakness in China, the world's second-largest economy. US stocks sank 3% today, their third-worst drop this year. The...
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Dow Ends Day Down 239
US stocks are closing lower after an early rally fizzled. The declines today were led by energy stocks as the price of crude oil fell sharply. Traders also worried that a report showing that the number...
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One Salmon Now Costs More Than a Barrel of Oil
It's seemingly simple supply and demand that has led us to this point: We now live in a world where a 10-pound salmon is worth more than a barrel of crude oil, a Norwegian seafood-industry site...
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Things Are Getting Desperate in Venezuela
A shortage of beer and Coke is the least of concerns in Venezuela, where residents are facing hunger, drought, power shortages, and the world's highest inflation rate at 480% amid a worsening economic...
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How Russia, OPEC May Have Just Driven Up Gas Prices
It's a victory for international agreement, but not for consumers: OPEC nations and Russia have managed to overcome their differences because of their common desire to drive up oil prices, Reuters...
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Oil Prices Hit 2-Year High on Syria Tension
The price of oil climbed to its highest in more than two years today as the US edged closer to taking action against Syria. Benchmark oil for October delivery rose $1.09, or 1%, to $110.10 a barrel on...
View ArticleClik here to view.
Workers in 'Panic Mode' Over Low Price of Oil
Countries around the world continue to be impacted in various ways from the oil price crash over the last year, and there's one demographic that's definitely feeling the negative effects: oil workers...
View ArticleClik here to view.
Stocks See Third-Worst Drop This Year
Markets are turning turbulent again after investors were unnerved by more signs of weakness in China, the world's second-largest economy. US stocks sank 3% today, their third-worst drop this year. The...
View ArticleClik here to view.
Dow Ends Day Down 239
US stocks are closing lower after an early rally fizzled. The declines today were led by energy stocks as the price of crude oil fell sharply. Traders also worried that a report showing that the number...
View ArticleClik here to view.
One Salmon Now Costs More Than a Barrel of Oil
It's seemingly simple supply and demand that has led us to this point: We now live in a world where a 10-pound salmon is worth more than a barrel of crude oil, a Norwegian seafood-industry site...
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