Oct 3, 2012 The OPEC oil embargo nearly 40 years was a shock to the U.S. and its economy. But the long-term effects proved a shock to Saudi Arabia and other OPEC members, who learned that oil and politics don't mix.
Oct 1, 2012 Civi war combatants mindful of the importance of oil on the economy, left infrastructure largely undamaged.
Oct 2, 2012 The U.S. can become less dependent on foreign oil, but it's still a part of the global oil market --and that means no insulation from oil price shocks.
Oct 1, 2012 The Strategic Petroleum Reserve was established to protect the economy from an embargo. But just the threat of releasing oil into the market can rein in speculation in oil futures, too.
Sep 24, 2012 As world leaders gather to discuss the oil santions against Iran, that country is selling only half the volume of a year ago. But its reduced production is raising oil prices around the world.
Sep 18, 2012 A fracking-fueled job boom has erupted in parts of the U.S. and wages of gas workers have increased. But in New York fracking is banned. That hasn’t stopped an upstate New York school from offering training courses for work in gas fields, because many expect Gov. Andrew Cuomo to lift the ban.
Sep 18, 2012 Mid-day yesterday oil prices dropped three dollars in about a minute -- and they have kept falling ever since.
Sep 18, 2012 Federal regulators are looking into something strange that happened yesterday in the oil markets: Prices plunged more than $3 a barrel in less than a minute.
Sep 18, 2012 An oil well may seem pretty useless when the light sweet crude stops flowing. In Texas, researchers and entrepreneurs see a chance to recycle old wells and create geothermal power.