Tag Archives: Oil Prices

Obama rejects new oil pipeline, blames Congress

Obama rejects new oil pipeline, blames Congress WASHINGTON – President Obama yesterday rejected for now the proposed Keystone XL oil pipeline, saying the $7 billion project could not be adequately reviewed by the 60-day deadline set by Congress. While the … Continue reading

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Libya offers cease-fire after UN no-fly zone vote

Libya offers cease-fire after UN no-fly zone vote TRIPOLI, Libya (AP) – Libya declared an immediate cease-fire Friday, trying to fend off international military intervention after the U.N. authorized a no-fly zone and “all necessary measures” to prevent the regime … Continue reading

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New report says U.S. has largest fossil fuel reserves in world

I was raised around the oilfields of West Texas, South Louisiana and Oklahoma. This is a subject I am all too familiar with, so, let’s get down and dirty and talk about OIL! New report says U.S. has largest fossil … Continue reading

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OPEC slashes production; crude continues to tumble

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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Oil plummets as Ike largely spares energy output

Oil plummets as Ike largely spares energy output NEW YORK (AP) – Oil prices plunged to a seven-month low Monday as the Gulf Coast energy infrastructure appeared relatively unharmed after Hurricane Ike and traders bet that Lehman Brothers’ bankruptcy could … Continue reading

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