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.
The high price of gasoline has inspired more and more drivers to take public transportation. So much so that a transit industry group says buses, trains and subways are reaching their limits. Janet Babin reports
A couple members of OPEC — which will be meeting in Vienna on Tuesday — say they think there's too much oil on the market, pushing prices too low. Ashley Milne-Tyte reports.
Today's election in Angola is significant worldwide because the African nation — in peace after a decades-long war — has major stores of oil, gems and metals. Gretchen Wilson reports.
When OPEC ministers meet next week, they will face a dilemma over oil prices — should they decrease production to boost the price or stay the course? Brett Neely asks energy experts what to expect.
