Fluctuating gas prices haven't caused too much change in the way we view energy. But if gas prices rise to $6, $10, or $12 per gallon, author Chris Steiner says the effects would change everything from the way we drive to how we shop.
Oil prices dipped below $60 a barrel today, and some forecasters predict that gasoline prices will likely fall below $2.50 a gallon by the end of July. Bob Moon reports.
Oil is down from last week, but still a lot higher than it's been in recent months. That jump in price has had a lot to do with speculators. Bob Moon examines the role speculators plays in influencing oil prices.
The price of oil has fallen in European trading this morning for the fifth day in a row. Doubts about demand for fuel could be the main factor. Stephen Beard reports what investors are concerned about now.
Oil companies are cautiously gearing up to tap Kurdistan's massive oil fields. But they could hit some roadblocks from the country's high-level corruption, which is commonplace. Reese Erlich reports
Ethnic and sectarian divisions are complicating matters as international companies bid on Iraqi oil contracts. Reese Erlich reports the autonomous region of Kurdistan has already made its own deals with foreign oil companies.
Oil prices were dropping until a major militant group in Nigeria said it attacked a Royal Dutch Shell oil platform. Gretchen Wilson reports there are questions about whether Nigeria's government can quell the violence.
Iraq will soon begin auctioning off new contracts for its old fields. The country has one of the largest oil reserves in the world. But there are risks. Jeff Tyler reports.
Sales statistics in China and other factors are contributing to a rise in oil prices. Some analysts say that speculative momentum could drive the price of oil to $80 a barrel within a week. Stephen Beard reports.
House Republicans plan to unveil a new energy plan they're calling the "all of the above" solution for energy independence. The proposal calls for domestic energy production, aka "Drill, baby, drill." Sam Eaton reports.
