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O.P.E.C.

Ethanol Growth Unites OPEC and Environmental Fringe

Bob Dinneen | Posted 05.25.2011 | Green
Bob Dinneen

For environmental activists to side with OPEC to protect the oil status quo is downright illogical and raises questions about the motives of such groups and the credibility of their arguments.

"Exxon Profit Down 33% in the Fourth Quarter": Please Pity Poor Exxon!

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

How many Americans would have a little more in their savings accounts to see them through tough times if some new alibi didn't enshrine each new high in the price of oil?

Live from Davos -- The Oil Squeeze

Jack Hidary | Posted 05.25.2011 | Business
Jack Hidary

There was a time when we thought that the main oil-producing countries were our friends and would keep prices relatively low and stable so that we could grow our economy. That time is over.

Stimulus and Energy

T. Boone Pickens | Posted 05.25.2011 | Green
T. Boone Pickens

We have the capacity to reduce our dependence on foreign oil by 50% overall and reduce to zero the amount of oil we import from the Middle East, Africa and Venezuela. We don't have to be at the mercy of OPEC.

With Bush Leaving Town, Pity Poor Hugo and King Abdullah

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

With Bush leaving town, the air is going out of the price of oil.

Energy Lessons for Europe and the U.S. from the 1973 Arab Oil Embargo

Charles D. Ferguson | Posted 05.25.2011 | World
Charles D. Ferguson

While feeling angry is justified in a crisis, the governments would be best advised not to get mad at Russia but to get more secure in energy supplies and smarter in energy usage.

ONE YEAR AGO: $100 Oil

AP | JOHN PORRETTO | Posted 05.25.2011 | Business

HOUSTON — Exactly one year after crude eclipsed $100 a barrel for the first time, 2009 trading began Friday with prices roughly half their year-...

Santa Claus Arrived This Year In a Battered Bus Called "OPEC"

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

What does the difference of $147/barrel and $35/barrel mean to us (and just remember those OPEC Bus Company sponsors at Goldman Sachs who were predicting $200/bbl)?

OPEC Wants $70 Oil, But World Sneezes At Output Cut

247wallst.com | Posted 05.25.2011 | Business

The oil consuming world has slapped the cartel by continuing to drop prices after OPEC's big cut last week.. Today, crude traded down a stunning 9% to...

Putin: Gas Prices Will Rise

AP | NATALIYA VASILYEVA | Posted 05.25.2011 | Green

MOSCOW — The price of natural gas is set to rise as the world financial crisis and rising costs hurt production, Russian Prime Minister Vladimir...

Hillary Clinton, Saudi Arabia and "Foggy Bottom"

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

Can Hillary Clinton assure us that there will not be any Saudi preferential access to Foggy Bottom in spite of the myriad millions visited on the Clinton foundation?

Crude prices tumble despite record OPEC cuts

AP | GEORGE JAHN | Posted 05.25.2011 | Business

ORAN, Algeria — Here's how bad things are for OPEC these days: It announced its largest-ever production cut Wednesday and oil prices promptly sl...

Oil Prices Swing Upward As OPEC Prepares To Cut Output

AP | ALEX KENNEDY | Posted 05.25.2011 | Business

SINGAPORE — Oil prices were steady above $44 a barrel in Asia on Tuesday, a day before investors expect OPEC to announce a big production cut. ...

Next Week's OPEC Meeting "Looney Tunes" and the Contango "High Step"

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

The ever obliging oil industry commentators and talking heads are falling all over themselves complimenting the Saudis for their seriousness in abiding by its OPEC allocation.

How Vladmir Putin Could End Talk Of Cheap Gas In The US

247wallst.com | Posted 05.25.2011 | Business

Vladimir Putin must be unhinged. Just a few months ago he was able to wage war on his neighbor and threaten the West by saying that he would withhold ...

Russia, OPEC A Good Fit, Medvedev Says

AP | Posted 05.25.2011 | Business

MOSCOW — President Dmitry Medvedev suggested Thursday that Russia could coordinate its oil output with OPEC as the cartel gears up for a crucial...

Obama's Oil Company Windfall Profits Tax and the Wall Street Journal's Celebration

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

The oil companies were not manipulating commodity prices. Their role has been limited to cheering on OPEC and lobbying our government to remain dangerously benign.

Saudi King: Oil Prices Should Be Much Higher

AP | TAREK EL-TABLAWY and ADAM SCHRECK | Posted 05.25.2011 | Business

CAIRO, Egypt — OPEC held off on announcing new oil output cuts on Saturday, but its alarm over falling demand and a slumping economy potentially...

Oil Piracy, OPEC, Saudi Arabia, You and Me

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

For the first time ever, an unguarded Saudi oil tanker displacing 318,000 tons (the size of a small island), sailing off the Kenyan coast, was picked off by a band of pirates operating a motorized dinghy.

South America: Recession Can Be Avoided

Mark Weisbrot | Posted 05.25.2011 | Business
Mark Weisbrot

There is good reason to believe that South America, in particular, can weather this storm with minimal damage if it adopts the right macro-economic policies.

OPEC president: Oil cuts likely if no price rally

AP | ALFRED de MONTESQUIOU | Posted 05.25.2011 | Business

ALGIERS, Algeria — OPEC nations could further reduce oil output if moves last month to slash production do not bolster plummeting oil prices, OP...

Auto Industry Drops 32%; GM Plummets Over 45%

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

Obama has consistently shown his support for an American car-making industry, a modern and green industry able to build the kinds of cars and trucks people will want to buy.

The Bush Years' Single Accomplishment: Exxon Mobil's Staggering Record Profit

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

In breathtaking example of the manner in which oil has corrupted the Bush administration we have prima facie evidence of the perverted priorities of the last eight years.

Oil Prices Slipping? Hurry Moscow, Call Our Strategic Petroleum Reserve Maven -- Energy Secretary Bodman

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

Our Strategic Petroleum Reserve is an oil industry boondoggle and has been administered in a way primarily to the benefit of the oil-patch few rather than the nation's citizens many.

OPEC Output Cut Fails To Stop Oil From Sliding Below $62

AP | ALEX KENNEDY | Posted 05.25.2011 | Business

SINGAPORE — Oil prices fell to 17-month low around $62 a barrel Tuesday in Asia on investor concerns a global economic slowdown could worsen, fu...