Stories tagged "oil"

Palin: “Our nation is at a crossroads also. We'd either better be making decisions to allow this American supply of energy to be tapped or we're going to become more and more beholden to these foreign regimes."

How will Gustav hurt those who support pursuing more offshore drilling? Hurricane seasons from 2004 to present have been unquestionably devastating. The cost effectiveness of offshore drilling will come into question on the heels of Gustav.

Oil production in the Gulf of Mexico was almost completely shut down and most rigs and platforms evacuated, as Hurricane Gustav churned towards the United States, the US officials said Sunday.

The presidential candidates are stumping hard. And while energy and environmental issues are getting frequent mentions, both the Republican and Democratic leaders are neglecting one area: geothermal energy.

A former colleague of the US Vice-President, Dick Cheney, has pleaded guilty to funnelling millions of dollars in bribes to win lucrative contracts in Nigeria for Halliburton, during the period in the Nineties when Mr Cheney ran the giant oil and gas

The big story in the markets this week is the continuing decline in commodity prices. Having flirted with $150 per barrel earlier this year, oil was trading on Wednesday at about $109. The Dow Jones/AIG Commodity Index is now down 0.6 percent for the year

Oil prices are falling but manufacturers have not dropped oil-related price increases they made this year.

A year after World Bank President Robert Zoellick pledged to significantly step up our assistance in fighting climate change, the development institution is increasing its financing of fossil-fuel projects around the globe.

Crude oil futures fell to just over $105 a barrel in early trading on Tuesday. Investors had been concerned that Hurricane Gustav would disrupt oil supply chains in the Gulf, but the storm passed over most of the region's energy infrastructure.

A plunge in crude prices on Tuesday to $110 a barrel tempered global inflation fears and drove the U.S. dollar to its highest level in 10 months, but American stocks fell after initially