Oil

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Fed explores the big fracking deal

Jun 8, 2009
The oil drilling technique known as hydraulic fracturing, or "fracking," is under federal scrutiny this week. The oil industry says reversing the process could add big fees and hinder exploration. Sam Eaton reports.
Posted In: Oil

Oil has likely seen its summer peak

Jun 2, 2009
The average price of a gallon of gas has shot up by about a dollar since January. But a new Saudi Arabian oil field is just one big reason consumers won't see prices climb any higher this season. Steve Henn reports.
Posted In: Oil

Storage one culprit of higher oil prices

May 27, 2009
Oil minister Ali Naimi says that global demand for crude is picking up, but analysts say we're not seeing much higher consumption, just higher storage. Stephen Beard reports prices could drop if world oil storage runs out.
Posted In: Oil

Can we keep gas prices down?

May 25, 2009
The U.S. has been vocal about oil lately with the prices recently rising. Steve Chiotakis talks to Carola Hoyos, chief financial correspondent for The Financial Times, about the effort to keep gas prices low so an economic recovery can take hold.
Posted In: Oil

Drivers aren't deterred by rising gas

May 22, 2009
Gas prices may be rising steadily, but vacationers are still driven to travel this Memorial Day weekend. Jeremy Hobson reports oil prices won't get much worse, and cost per gallon may actually go down this summer.
Posted In: Oil, Travel

Raise gas tax to get more efficient cars

May 21, 2009
The Obama administration is making fuel-efficiency regulations tougher. Commentator Paul Kedrosky says these reforms don't make much economic sense and offers an alternative to get more efficient cars built.
Posted In: Oil

Surplus keeps pressure on oil prices

May 19, 2009
Traders may be counting on the demand for crude to recover as the global downturn bottoms out. But a huge surplus of crude may keep oil prices under pressure. Stephen Beard reports.
Posted In: Oil

Low oil demand doesn't drive gas down

May 14, 2009
U.S. demand for oil has been low for the past few months. But with the price of a barrel of crude near $60, what will that mean for gas prices? Jennifer Collins reports.
Posted In: Oil

EPA weighs measuring ethanol pollution

May 5, 2009
The Environmental Protection Agency is weighing in on how to measure the eco-friendliness of renewable fuels like ethanol. Jennifer Collins reports.
Posted In: Oil

Shell still forging ahead with production

Apr 29, 2009
Royal Dutch Shell says profits fell 58 percent in the first quarter from the same time last year. But oil analysts say the company has come in ahead of consensus and future production is looking good. Christopher Werth reports.
Posted In: Oil

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