Exxon Mobil is buying American firm XTO Energy
in an all-stock deal worth $31 billion, with XTO's position on natural gas being the pull. Bill Radke explores the deal with trader Phil Flynn of PFG BEST in Chicago.
There are charges that the International Energy Agency's figures are false, and the world is much closer to running short of oil than the IEA lets on. European correspondent Stephen Beard talks with Bill Radke about those claims.
There's not enough power to go around in South Asia, so India is hoping to get natural gas shipped in from Iran. But there's one big obstacle. Raymond Thibodeaux reports.
British Petroleum is expected to be hit today with the biggest fine in the history of the Occupational Safety and Health Administration. Stephen Beard reports.
Juli Niemann, analyst at Smith, Moore and Company, talks with Bill Radke about the rise in U.S. home prices, and why the price of oil isn't even cheaper with demand down.
Simon Taylor, founding director at Global Witness, talks with Stacey Vanek-Smith about his organization's report, which says oil supplies are drying up fast.