Tag Archives: Big Oil

OPEC slashes production; crude continues to tumble

Posted on October 24, 2008 by TexasFred

OPEC slashes production; crude continues to tumble VIENNA, Austria (AP) - OPEC said at an emergency meeting Friday that it will slash oil production by 1.5 million barrels to stem the “dramatic collapse” of oil prices, but crude prices plunged … Continue reading →

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Ever heard of the Bakken Oil Formation?

Posted on September 17, 2008 by TexasFred

Ever heard of the Bakken Oil Formation? I did a search on Bakken starting with Wikipedia and apparently the info below is true. How it has remained silent during this period of oil costing up to $150 a barrel is … Continue reading →

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Ike destroys a number of Gulf platforms

Posted on September 14, 2008 by TexasFred

Ike destroys a number of Gulf platforms HOUSTON (AP) - Hurricane Ike appears to have destroyed a number of production platforms and damaged some of the pipelines in the Gulf of Mexico, federal officials said Sunday. Fly-overs revealed that at … Continue reading →

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Hurricane Gustav nears Haiti, drives up oil prices

Posted on August 26, 2008 by TexasFred

Hurricane Gustav nears Haiti, drives up oil prices PORT-AU-PRINCE, Haiti - Hurricane Gustav grew rapidly as it closed in on impoverished Haiti on Tuesday, and sent global oil prices soaring on fears it could become “extremely dangerous” in the Gulf … Continue reading →

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GM and ExxonMobil, an example of pain and gain.

Posted on August 1, 2008 by TexasFred

GM and ExxonMobil, an example of pain and gain. HOUSTON (AP) — Exxon Mobil reported second-quarter earnings of $11.68 billion Thursday, the biggest quarterly profit ever by any U.S. corporation, but the results fell well short of Wall Street expectations … Continue reading →

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Posted in America 1st | Tagged , , , , , , , | 10 Comments