Oil
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Oil services firms get squeezed by slowdown
Jul 20, 2012
Schlumberger and Baker Hughes help big oil drill. But their business is softening as some drillers pull back due to the economic slowdown.
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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.
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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.
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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?
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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.
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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.
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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.
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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.
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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.
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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."
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