Low demand fuels oversupply of oil

Apr 21, 2009
U.S. crude oil inventories are at their highest levels since 1990 as consumer demand lowers and depressed industries use less fuel. Tamara Keith reports.
Posted In: Oil

IEA: Oil demand will continue to fall

Apr 14, 2009
Oil has been falling since the International Energy Agency forecast lower demand last week. The agency also predicts that the global recession will cut oil demand further this year. Stephen Beard weighs other factors involved.
Posted In: Oil

Economy slows green investment

Apr 8, 2009
The recession has slowed investment into alternative energy research. But some investors still see a bright future for clean tech. Caitlan Carroll reports.
Posted In: Oil

Debate on offshore drilling rages on

Apr 6, 2009
The Department of the Interior is holding a public hearing today on offshore drilling. Hearings will focus on a controversial plan to open up the Outer Continental Shelf for more oil and gas exploration. Joel Rose reports.
Posted In: Oil

Obama makes case for spending plan

Mar 25, 2009
In a prime-time press conference, President Obama defends the cost of his proposed budget, saying trillions of dollars in deficit spending will be required to grow the economy.
Posted In: Economy, Health, Oil

Drilling up old oil safety issues

Mar 24, 2009
Today marks the 20-year anniversary of the Exxon Valdez oil tanker accident, and the oil industry has ramped up safety measures since then. But a proposal to drill in the Arctic has some experts worried. Caitlan Carroll reports.
Posted In: Oil

OPEC's price hike may drop oil demand

Mar 13, 2009
OPEC will meet this weekend to discuss whether to raise oil prices and cut production. But OPEC's strategy could possibly drop demand for oil even further. Sam Eaton reports.
Posted In: Oil

OPEC gauging another production cut

Mar 13, 2009
The U.S. trade imbalance is at a six-year low, and many people wonder how low foreign oil demand can go. Bill Radke talks to Financial Times correspondent Carola Hoyos about whether OPEC members will once again cut production.
Posted In: Oil

Ethanol start-ups are running on empty

Feb 2, 2009
Renew Energy, one of the nation's largest ethanol plants, just filed for bankruptcy. More ethanol producers are expected to follow in its footsteps. But as Sam Eaton reports, don't write ethanol off just yet.
Posted In: Oil

Exxon's pumping profit in downturn

Jan 30, 2009
Exxon Mobil's fourth-quarter earnings fell 33% from a year ago, but it still reported a record profit for 2008. What's it doing that other companies aren't? Sam Eaton reports.
Posted In: Oil


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