Oil
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Is the U.S. at risk of another OPEC oil embargo?
Oct 2, 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.
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Libyan oil production almost back to normal
Oct 1, 2012
Civi war combatants mindful of the importance of oil on the economy, left infrastructure largely undamaged.
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Energy independence? For the U.S., it's a pipe dream
Oct 1, 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.
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U.S. petroleum reserve is a versatile weapon
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.
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Oil sanctions cause pain in Iran, but also at gas pumps
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.
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Questions linger over dropping oil prices
Sep 18, 2012
Mid-day yesterday oil prices dropped three dollars in about a minute -- and they have kept falling ever since.
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Oil prices hit steep plunge yesterday
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.
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Some see energy in abandoned wells
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.
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PODCAST: Isaac hits New Orleans, farmers see near record profits
Aug 29, 2012
Despite, or perhaps because of, the historic drought in the Midwest, farmers are making big profits. Isaac shuts down Louisiana's ports. And all those smartphones come with a cost: more than ever, we're tethered to our jobs.
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Isaac sparks talk of tapping oil reserves
Aug 29, 2012
Hurricane Isaac is battering the Gulf, which means a huge chunk of American oil drilling and refining is off line. There’s talk of America tapping into the Strategic Petroleum Reserve.
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