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October 11, 2008 2:37:16 AM CDT

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Stories related to: oil

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Stories 21 - 40 of 155

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  • July 2008

    • Oil Tycoon Kicks Off Energy Campaign

      Dallas Morning News  |  Jul 8, 08 3:51 PM CDT

      Oil Tycoon Kicks Off Energy Campaign

      (Newser) - Billionaire oilman T. Boone Pickens is fed up with America’s dependence on oil and today launched a huge ad campaign to persuade the nation to kick its crude addiction, the Dallas Morning News reports. His "Pickens Plan" proposes that Americans swap gasoline for natural gas, then replace natural gas power plants with wind, solar, and nuclear facilities. More »

    • Hunt Is On for Florida Oil

      Associated Press  |  Jul 5, 08 10:01 AM CDT

      Hunt Is On for Florida Oil

      (Newser) - The record-breaking price of oil is shifting public opinion toward lifting a moratorium on new offshore drilling, reports the AP. Four companies acquired rights to explore parcels of land off the Florida coast in March, under a 2006 Congressional compromise that opened up 8.3 million acres off the Panhandle in exchange for a buffer along the rest of the state's beaches. More »

      Tags

      Florida  • gas prices  • oil  • oil production  • offshore oil  • oil exploration  • oil reserves  • Bill Nelson

    • The Good in $4 Gas

      Time  |  Jul 2, 08 12:03 PM CDT

      The Good in $4 Gas

      (Newser) - The rest of the world may have thought it would never happen, but energy prices are beginning to change Americans' behavior. Time notes some positive aspects: Jobs lost to globalization return, because energy costs make international shipping unattractive. Suburban sprawl is slowing as people choose to live closer to cities. Many firms are switching to four-day workweeks—the practice saved Florida's Brevard College $268,000 over a summer session. Less pollution as motorists drive less … …and more frugally, both in how they drive and what they drive. More »

      Tags

      gas prices  • oil  • obesity  • gas  • traffic  • commute  • auto insurance

  • June 2008

    • N. Dakota's New Crop: Instant Millionaires

      Associated Press  |  Jun 30, 08 8:57 PM CDT

      N. Dakota's New Crop: Instant Millionaires

      (Newser) - Many North Dakotans are enjoying their own milkshakes as oil makes landowners instant millionaires. Oil companies are drilling new wells at record rates, and those lucky enough to own the land above deposits are becoming wealthy overnight, the AP reports. "It's the easiest money we've ever made," says an ex-sales clerk. More »

      Tags

      oil  • millionaires  • North Dakota

    • What if Oil Hits $200?

      Los Angeles Times  |  Jun 28, 08 3:35 PM CDT

      What if Oil Hits $200?

      (Newser) - Wall Street has predicted $200-per-barrel oil for months, but what if it really happens? Not only drivers would be hurt by such a spike, the Los Angeles Times reports: Inflation would skyrocket as oil-derived products turn pricey and "the purchasing power of the American people would be kicked in the teeth so darned hard that they won't have the ability to buy much of anything,” one energy expert predicted. More »

      Tags

      oil price  • oil  • inflation  • $100 a barrel oil  • commute

    • Oil Breaks Record, Climbs Above $141

      Associated Press  |  Jun 27, 08 7:27 AM CDT

      Oil Breaks Record, Climbs Above $141

      (AP) - Oil prices climbed above $141 a barrel in Asian trading today—another record—as the dollar's protracted slump prompted investors to flock to oil as a hedge against inflation. Prices also were lifted yesterday after OPEC's president said crude prices could go higher than $150 a barrel this year and Libya said it may cut oil production. More »

      Tags

      oil price  • oil  • crude oil  • broken records

    • Chavez: US Confrontation 'Inevitable'

      New Yorker  |  Jun 23, 08 3:25 AM CDT

      Chavez: US Confrontation 'Inevitable'

      (Newser) - With the US distracted by the wars in Iraq and Afghanistan, Venezuelan President Hugo Chavez has been busy amassing a Latin American power bloc to blunt Washington’s influence. But the firebrand leader, who calls President Bush “the devil” and the US “the empire,” is receiving level-headed advice from none other than Fidel Castro, writes Jon Lee Anderson in a New Yorker profile. More »

      Tags

      George W. Bush  • United States  • oil  • Colombia  • Cuba  • Venezuela  • Fidel Castro  • Alvaro Uribe  • Hugo Chávez

    • Saudis May Boost Oil Supply Even Higher

      Bloomberg  |  Jun 22, 08 4:11 PM CDT

      Saudis May Boost Oil Supply Even Higher

      (Newser) - A hastily organized summit meeting in Saudi Arabia today offered little relief to oil consumers, Bloomberg reports. The Saudis did vow to increase production if needed, but OPEC blamed speculators and the credit crisis, not markets, for surging oil prices. "Saudi Arabia is prepared and willing to produce additional barrels of crude above and beyond the 9.7 million barrels per day," a Saudi minister said. More »

      Tags

      oil price  • oil  • Saudi Arabia  • OPEC  • oil production  • oil companies  • oil crisis  • foreign oil  • oil industry

    • Nigerian Youths Blow Up Oil Pipeline

      Reuters  |  Jun 22, 08 3:19 PM CDT

      Nigerian Youths Blow Up Oil Pipeline

      (Newser) - A youth gang blew up a Chevron pipeline in Nigeria yesterday, reducing output from the world's eighth-largest oil producer by 120,000 barrels a day. Such attacks are common in Nigeria, Reuters reports: Sparked by poverty and hatred of foreign companies, militants have cut oil production there by one-fifth over the past 2 years. More »

      Tags

      oil price  • oil  • Nigeria  • Chevron  • Niger Delta  • pipelines

    • Oil-Addicted Bush Must Kick the Habit

      New York Times  |  Jun 22, 08 6:32 AM CDT

      Oil-Addicted Bush Must Kick the Habit

      (Newser) - The American thirst for oil is like a drug addiction, and George Bush wants another hit, writes Thomas Friedman in the New York Times . Bush’s irresponsible energy plan involves getting a little more oil from Saudi Arabia to keep prices low, and then drilling in Alaska—simply prolonging our addiction instead of allowing high fuel prices to push us toward better sources of energy, adds Friedman. More »

    • Supreme Court Sides With Workers on Age Discrimination

      New York Times  |  Jun 19, 08 4:33 PM CDT

      Supreme Court Sides With Workers on Age Discrimination

      (Newser) - The Supreme Court ruled today that it is up to employers in age-discrimination lawsuits to prove that their actions resulted from “reasonable factors other than age,” the New York Times reports. With the opinion making it easier for employees to sue, the court explained to opponents that Congress’ wording of the law “set the balance where it is.” More »

      Tags

      Congress  • lawsuit  • US Supreme Court  • oil  • discrimination  • age  • age discrimination

    • When Good Pandering Goes Bad

      New York Times  |  Jun 19, 08 7:32 AM CDT

      When Good Pandering Goes Bad

      (Newser) - The offshore drilling ban has been in place since 1981, but George W. Bush—who is still the president, Gail Collins reminds us in the New York Times —wants it overturned in two weeks. Watching his speech in the Rose Garden, where he said Democrats would be to blame for high gas prices if drilling in heretofore verboten places was not immediately authorized, the columnist wonders why the president waited until now to call the Dems' bluff, and how unfortunate it is for John McCain. More »