If the global economy was indeed recovering why is the demand for gas at the pump falling? In reality, the global economy is very weak and the U.S. is very far removed from a sustainable recovery.
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VIENNA (Ramin Mostafavi and Alex Lawler) - OPEC producers on Wednesday hammered out a deal to raise oil supplies for the first time in four years to s...
The U.S. is being fooled to believe that the gas prices we see on TV and in newspapers aren't actually so bad. But they are. Relatively, they are much worse now than they were in the past.
The ballooning price of oil is rearing its ugly head as a potential new and dangerous economic threat.
Tomorrow night Bob Schieffer is sure to ask: "How does the economic crisis affect your plans for the future?" It will be the third debate we've heard the question, and it isn't getting any easier to answer.
Iraqi oil production is above the levels seen before the US-led invasion of the country in 2003, according to the International Energy Agency (IEA).
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