Energy 
Skyrocketing Oil Prices Stump Experts(0)
Washington, D.C. (Washingtonpost.com): Confused about oil prices? So are the experts.
Executives from the giant oil companies say it’s partly the fault of “speculators” or financial players. Key financial players say it’s really a question of limited supply and expanding global demand. Some members of Congress accuse the Organization of the Petroleum Exporting Countries for bottling [...]
Oil Execs before the US Senate
Washington, D.C. (rightcommentary.com): I reported yesterday on the US major oil executives testifying before the US Senate. CSPAN now has a link to view the testimony in full:
http://www.c-spanarchives.org/library/index.php?main_page=product_video_info&products_id=205477-1&showVid=true
Enjoy!
Oil Execs Defend current prices in Senate Testimony
Washington, D.C. (rightcommentary.com): Senators told oil executives Wednesday that high oil prices cannot be explained by supply and demand and the oil industry’s concentration — and OPEC price collusion — is contributing to the costs facing consumers.
Executives of the five largest oil companies were appearing before the Senate Judiciary Committee.
Committee Chairman Patrick Leahy, D-Vt., said [...]
FT: Oil Shortage Fears drive futures near $140
Fears of a shortage within five years propelled long-term oil futures prices to almost $140 a barrel, further stoking inflationary pressures in the global economy.
The spot price of Nymex West Texas Intermediate hit a record $130.30 a barrel on Wednesday. On Tuesday investors had rushed to buy oil futures contracts as far forward as December [...]
More in this category:
- Reuters: Oil hits record near $130 as supply fears grow
- Reuters: House passes bill to sue OPEC over oil pricing
- FT: US begins to break foreign oil ‘addiction’
- FT: Saudi to increase Oil Output
- Saudi Arabia rejects Bush’s request for increased oil output
- Clinton: OPEC should not be a cartel
- As gasoline costs rise… people are stealing burrito oil!
- Corn Hoax - We’ll need oil… and lots of it…
- 1700 Miles per Fill Up - and you can even get Fries with that!
- Oil Wars on the Horizon? (A multi-part series) Part I
