Stories tagged "gas" - Page 2

Petroleum may be in short supply these days, but the United States does have a related surplus: myths of oil abundance. You don't have to drill deep into our political discourse to find suspect stories about oil, with politicians peddling the flagrantly..

The falling price of oil is prompting sighs of relief in many quarters. But oil's abrupt decline is also a cause for concern.

The easy stuff has already been pumped out; energy insiders now worry about reaching a point where oil production hits its maximum, after which supply goes into permanent decline.

Americans have reduced the number of miles they drive each month since November, according to a report released Wednesday from the Federal Highway Administration. Americans drove 53.2 billion miles fewer than they did over the same eight-month period...

Eight out of ten Americans think their country is heading in the wrong direction. American house prices are falling faster than during the Depression, petrol is more expensive than in the 1970s, banks are collapsing, the euro is kicking sand in the dollar

The production of ethanol from corn has had minimal impact on consumer food prices while reducing fuel costs to consumers across the country, according to a new study released earlier this month.

As oil prices increase and the presidential campaigns heat up there is a lot of discussion about increased drilling for oil. In economic theory higher prices will give market signals to increase exploration and exploitation of resources. But in the US?

The western Amazon, home to the most biodiverse and intact rainforest left on Earth, may soon be covered with oil rigs and pipelines.

The US warns Turkey not to strike energy deal with Iran on the eve of a visit to Ankara by the Iranian president. Turkey, reliant on energy imports, is keen to diversify its supplies and establish itself as a hub between Europe and the energy rich states.

Oil prices are well below their peak a few months ago, which means gas prices may finally be poised for a decline. Although the fundamental issues plaguing our economy remain, cheaper gas will surely help consumer stocks