Oil

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British lawmakers concerned over oil price reporting

Jul 16, 2012
In the U.K. today, lawmakers are highlighting an overlooked G20 report that says oil price-reporting has some uncomfortable similarities to the LIBOR rate fixing scandal.
Posted In: Oil, LIBOR, price fixing

EU sanctions Iran by refusing to insure oil tankers

Jul 12, 2012
Iranian oil producers may find other ways to sell their product, but with few options to insure their ships, a lot of oil will be sitting in the harbor.
Posted In: Iran, Oil, European Union, sanctions

South Texas towns helped by energy boom

Jul 6, 2012
Several small towns in Texas are growing because of new oil and gas drilling. But can the boom last?
Posted In: Oil, texas

The smell of prosperity or illness?

Jun 29, 2012
The residents of Roxana, Ill. debate if the oil refineries in and around their town represent jobs and money, cancer or something else.
Posted In: Oil, refineries, oil spill, cancer, Roxana, Illinois

Global political climate helping oil prices drop

Jun 27, 2012
Oil prices are down about 25 percent in the past few weeks. Those falling oil prices are good for our pocketbooks. They're also good for American foreign policy.
Posted In: Oil, gas

Falling gas prices can serve as stimulus

Jun 21, 2012
Yesterday, the Federal reserve refused to commit to any extreme stimulus measures for the economy-- at least just yet. That has a ripple effect on commodities like oil.
Posted In: gas, Oil, stimulus

Federal Reserve can only do so much

Jun 21, 2012
The Federal Reserve will continue its Operation Twist program, but it can't do much else to help the global economic downturn caused by financial strain in Europe. On the plus side? We get lower gas prices.
Posted In: Federal Reserve, Oil, Europe debt crisis

Gas, oil prices dropping in June

Jun 21, 2012
If you've been to a gas station recently, you know that prices are down -- on average, about 20 cents lower per gallon than a month ago. That's in part because the price of oil is at an eight-month low.
Posted In: gas, Oil, Iran

Anadarko trial spotlights Oklahoma City oil dynasty

Jun 19, 2012
Kerr-McGee, a subsidiary of the giant oil and gas company Anadarko, is being sued for $25 billion in New York City. The company's long history and pedigree resemble a script from the old and recently resurrected TV series "Dallas."
Posted In: Oil, Kerr-McGee, Chesapeake Energy

To guzzle or not to guzzle?

Jun 8, 2012
Cars are as American as apple pie, but with the rising price of oil, more Americans are opting for other oil-free means of transportation.
Posted In: Oil, gasoline, gas prices, fuel economy, biking, scott tong

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