Oil may not be seeing the per-barrel prices of last year, but the average prices are still higher than last year. Ashley Milne-Tyte looks into what energy analysts are predicting for oil profits as earnings reports come in.
About 60% of crude oil production in the Gulf of Mexico is still off line, almost two weeks after Hurricanes Gustav and Ike. That disruption has led to serious gas shortages in parts of the Southeast. Julie Rose reports.
While all eyes were on Wall Street's big financial institutions, the price of oil slipped down to $91 a barrel — a seven-month low. How'd that happen? Host Stacey Vanek-Smith asks economist Andrew Hilton.
Weather forecasters say Hurricane Ike is going to wallop the south Texas coast and its oil refineries early Saturday morning. To find out what that's going to mean for oil and gas prices, Kai Ryssdal talked with economist Ray Perryman.
The Department of Energy today weighs the pros and cons of extracting natural gas from shale and coal seams. Oil companies say they can make it work financially, but what about the environment? Mitchell Hartman reports.
Determined to quell militant violence in the oil-rich but impoverished Niger Delta, the Nigerian government has set up peace talks and established a ministry for the region. Gretchen Wilson explains.
OPEC ministers surprised many oil experts who expected the cartel would keep production levels the same. Host Scott Jagow asks a reporter from the Financial Times why OPEC decided to cut them.
The oil cartel meeting in Vienna ended with a surprise decision to lower output now that prices are falling. Not everyone sees the decision as a permanent one. Megan Williams has more.
A mass transit group says public transportation ridership was up 5% this spring over a year ago, due to $4-a-gallon gas. Meanwhile, a Senate committee is considering new transit funding. Nancy Marshall Genzer reports.
