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Oil Rises Again On Yemen Unrest

AP | CHRIS KAHN | Posted 05.25.2011 | Business

NEW YORK — Oil prices made up for a week-long slump following the Japanese earthquake and are now trading at the highest levels since September ...

Oil Prices Jump After UN Approves Military Action In Libya

Reuters | Alejandro Barbajosa | Posted 05.25.2011 | Business

SINGAPORE (Reuters) - Brent crude jumped by more than $1 to $116 on Friday on fears of rising geopolitical tension in the oil-rich Middle East and...

One Word: Obama's Nightmare Scenario, and Why It Hasn't Happened (Yet)

William Bradley | Posted 05.25.2011 | World
William Bradley

Poor Barack Obama. If it weren't for all these geopolitical crises, he'd have some fairly decent-sounding news to spin.

Budget Wars in Washington: The Jetsons Meet the Flintstones

Lisa Kaas Boyle | Posted 05.25.2011 | Politics
Lisa Kaas Boyle

Just as the futuristic Jetsons and the Stone Age Flintstones met up in the 1987 cartoon, "The Jetsons Meet the Flintstones," two camps with wildly different mindsets are meeting on the floors of Congress.

Libya's Largest Gas Exporter Nears Complete Production Halt

AP | By COLLEEN BARRY and CASSANDRA VINOGRAD | Posted 05.25.2011 | Business

LONDON -- The chief of Eni, the biggest gas exporter from Libya, said Thursday that oil production across the battle-torn country is near a complete h...

Obama's Libya Policy Is a Desert Mirage

Amb. Marc Ginsberg | Posted 05.25.2011 | World
Amb. Marc Ginsberg

The more the White House filibusters around the edges, the more it appears as if its Libya policy is one big alibi. It all seems to add up to empty words and meaningless gestures.

If Oil Prices Continue Climbing, Count On Another Recession, Analysts Say

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011 | Business

Yet another group of analysts have issued a grim warnings about the recent run-up in oil prices. In a letter to clients, analysts at Bank of Americ...

Today's Business Headline "Futures Turn Higher Following OPEC News"... Really!?

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

Blazoned on the top of the CNBC News page was the headline, "US Futures Turn Higher Following OPEC News." The article goes on to advise that OPEC was considering raising production for the first time in two years.

Oil Prices Soar Again

AP | Posted 05.25.2011 | Business

(AP) Oil prices climbed to near $106 a barrel Monday as intense fighting between Libyan government forces and rebels appeared to be turning into a civ...

What Oil Shortage?

Jayne Lyn Stahl | Posted 05.25.2011 | Business
Jayne Lyn Stahl

Here's the $60 million question: why are gas prices going up so high? On fears of an attack on oil supplies in the Middle East, and Libya? Repeat, on ...

Oscar Nod Should Go to Saudi King Abdullah

Diane Francis | Posted 05.25.2011 | World
Diane Francis

The script that should be paid attention to is that Saudi's King will run the oil world until Middle East tumult threatens his family's power.

Crazy Oil Prices Driven by Perceptions, Not Realities

Daniel Dicker | Posted 05.25.2011 | Business
Daniel Dicker

Someone explain to me how the risk of a real supply shortage, at least several months away, needs to be represented in $110 crude prices being delivered today.

Banks Warn Of Oil Shortage If Mideast Unrest Grows

Posted 05.25.2011 | Business

LONDON (By Dmitry Zhdannikov and Christopher Johnson) - Major banks warned on Thursday an output loss from another oil producer after Libya would ...

Libya Chaos Could Leave 'Lasting Scars' On Area's Oil Production

Posted 05.25.2011 | Business

NEW YORK (By By Joshua Schneyer) - Regardless of what comes next in Libya's lethal political standoff, the OPEC country's oil sector is nearly ce...

Libya Chaos Could Leave 'Lasting Scars' On Area's Oil Production

Posted 05.25.2011 | Business

NEW YORK (By By Joshua Schneyer) - Regardless of what comes next in Libya's lethal political standoff, the OPEC country's oil sector is nearly ce...

Oil Prices Soar On Libya Unrest

Posted 05.25.2011 | Business

LONDON -- Oil prices charged to fresh 2-1/2 year highs on Monday as traders reacted to increasing violence in major producer Libya, which fed invest...

WikiLeaks Reveals Imminent Saudi Oil Peak

Jeffrey Rubin | Posted 05.25.2011 | Business
Jeffrey Rubin

Saudi Arabia no longer has the capacity to prevent prices from rising because it can't meet world demand. And if Saudi Arabia no longer has an ability to raise production, who does?

WikiLeaks Brings Misguided Joy to Preachers of Oil's Peak

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

The perception of shortage is one of the bedrocks of the oil producers' pricing propaganda, rationalizing steepening prices and profits to the OPEC cartel. So of course we're fed reports of scarcity.

Gas Prices March Toward $3 Per Gallon, A Two-Year High

AP | Posted 05.25.2011 | Business

...

Risks to the Suez Canal Set the Stage for Falsely Hyping the Price of Oil

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

Has anyone stopped to determine what the closure of the Suez Canal would actually mean to the oil market in dollars and cents?

Egypt Unrest May Cause Big Rise In Oil Prices: Kuwait Official

Posted 05.25.2011 | Business

Global oil prices could exceed $110 a barrel if political unrest in Egypt continues, a member of Kuwait's Supreme Petroleum Council said on Sunday. ...

How Do Oil Shocks Cause Recessions?

Jeffrey Rubin | Posted 05.25.2011 | Business
Jeffrey Rubin

Oil prices caused the last recession, and oil prices will cause the next one as well. In fact, this time around, oil prices are rising much earlier.

Oil Drops As Saudis Signal More Supply

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

Saudi Arabia should be complimented for the change in tone that has altered what otherwise has been an on going and grating discourse between oil buyers and sellers.

'Noble' OPEC Criticizes the International Energy Agency

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

OPEC is prepared to do little or nothing to help reduce the current level of oil prices. Their lack of willingness to hold the price at moderate levels gives the speculators a one way bet on ever higher prices.

'Peak Oil' Doesn't Matter

Andrew Winston | Posted 05.25.2011 | Green
Andrew Winston

Are we running out of oil? According to the New York Times, apparently not. But it doesn't matter. We're crazy to rely on it for any longer than we absolutely have to.