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Price of Oil


Reuters | Sinead Carew | Posted 01.06.2015 | Business

Another plunge in the price of oil is driving stocks sharply lower in afternoon trading.

'I Hate That Oil's Dropping': Why Mississippi Governor Phil Bryant Wants High Oil Prices for Fracking

Steve Horn | Posted 01.25.2015 | Green
Steve Horn

Tuscaloosa Marine Shale's "little problem" reflects a big problem the oil and gas industry faces -- particularly smaller operators involved with hydraulic fracturing ("fracking") -- going forward.

The People I Turn to Re: Energy Issues

Richard Ha | Posted 05.31.2014 | Hawaii
Richard Ha

It is clear to me that the most important issue we face here on the Big Island right now is that of energy costs. There is a huge risk associated with the rising price of oil, it's going to affect us all, and we don't have the luxury of time to deal with it. We need to figure it out now.

Study: Which Sectors of U.S. Economy Will 'Peak Oil' Imperil?

Richard Ha | Posted 02.04.2014 | Hawaii
Richard Ha

We know that energy-related costs will be high then. And that we need to provide food for Hawaii's people. It's as though soon, we're going to have to go. But where will we go?

Big Island's Anti-GMO Bill 113: It's Not 'Who' Is Right, It's 'What' Is Right

Richard Ha | Posted 01.31.2014 | Hawaii
Richard Ha

All of this hullabaloo about the Big Island's Hawaii County Bill 113, the anti-GMO bill - What it's really about is that we need to take a little more time, so we can be sure we are making good and informed decisions.

The New Ahupuaa, Revisited

Richard Ha | Posted 01.25.2014 | Hawaii
Richard Ha

I sat on one of the panels, and said that our sustainability philosophy has to do with taking a long-term view of things. We are always moving so we'll be in the proper position for the environment we anticipate five, 10 and 20 years from now.

Let's Adapt to Change, and Survive

Richard Ha | Posted 01.23.2014 | Hawaii
Richard Ha

What we're doing on the Big Island with Bill 113 is trying to make a law that prohibits us from helping ourselves. It is the exact opposite of what we should be doing.

Do You Know the Rule of 70?

Richard Ha | Posted 11.20.2013 | Hawaii
Richard Ha

How about Hawai'i's economy doubling in 24 years? That would result from a compound growth of just 3 percent. Would we need double the number of hotel rooms? But if the price of oil keeps rising, can we do that?

Say 'No Can,' or Find a Solution?

Richard Ha | Posted 11.16.2013 | Hawaii
Richard Ha

A recent bill up before the Hawai'i County Council would have criminalized Big Island farmers for using biotechnology to grow their crops with less fertilizer and fewer pesticides. A second bill is still on the table, and I almost cannot think of anything that would take us further away from where we need to be heading.

The World Is Just a Great Place to Be (If You're an Energy CEO)

Tom Engelhardt | Posted 11.10.2013 | Politics
Tom Engelhardt

I'm not talking about the pink haze of heat that's been rising from the burning American West all summer. I'm talking about energy consumption where the news just couldn't be cheerier.

Americans Pay at the Pump While Speculators Profit and Play

Raymond J. Learsy | Posted 09.10.2013 | Business
Raymond J. Learsy

The system stinks. Speculators and Wall Street players and the oil patch win, amassing enormous profits, contributing nothing, while Americans are fleeced for goods vital to their daily lives.

Where The Price Of Oil Is Headed

AP | CHRIS KAHN | Posted 07.30.2012 | Money

NEW YORK — The price of oil is headed for its biggest monthly decline since December 2008. Oil has dropped more than 16 percent so far in May, ...

Falling Gas Prices Put Money In People's Pockets

AP | JONATHAN FAHEY and PAUL WISEMAN | Posted 05.18.2012 | Money

NEW YORK -- What only weeks ago was seen as a serious threat to the economic recovery could now turn into a stimulus everyone can love. Oil and gasol...

Of Oil Prices and Elephants

David Burwell | Posted 06.16.2012 | Green
David Burwell

The debate over gas prices is a parlor game played out in Washington at the start of the driving season every spring. Let's see if we can parse the arguments made by the proponents of the various "truths" about gasoline prices.

America and Oil, Declining Together?

Michael T. Klare | Posted 11.15.2011 | Politics
Michael T. Klare

Ditching oil for the new energy technologies should be America's top economic priority, but if you're in a betting mood, you probably shouldn't put your money on Washington.

$2 a Gallon Gas, Michele Bachmann? Aim Higher.

Adam Levin | Posted 10.25.2011 | Politics
Adam Levin

Michele Bachmann asserted that, if elected, she will fight to bring us back to the heady days of $2 per gallon gasoline. That's one hell of a campaign promise.

Oil Speculation Continues Unabated -- $5 Gas Next?

Daniel Dicker | Posted 06.04.2011 | Business
Daniel Dicker

All of the tools at the federal government's disposal that could be used to reduce the speculative interest in oil reside with the overseeing regulatory agency: the CFTC.

What Things Cost In America: 1776 To Today

24/7 Wall St. | Posted 05.25.2011 | Business

The value of coffee has increased fifteen times from its price 234 years ago. This is a similar increase to the value of the dollar, based on the purc...

Banana Ben Strikes Again

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

The world's reserve currency can't inflate its way to prosperity. The danger of causing a disorderly decline of the dollar is very high.

Grandma Knows Best

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

My grandma said that if I read something that doesn't seem to make sense, I should think twice about it. With that thought in mind, I decided to rattle off a slew of economic absurdities coming from Wall Street, the media and Washington.

Language, the Media and the Price of Oil

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

CNBC provided a perfect example of why the public has been led so far astray when we are informed by the media about oil and its market structure.

The Oil Patch Vaudeville Act

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

The current oil price of $52 per barrel reflects an increase of 400% from one decade ago. What else in your day to day experience has gone up that steeply in the past 10 years? Think about it.

Our Dangerous Addiction to Immediacy

Jeff Schweitzer | Posted 05.25.2011 | Green
Jeff Schweitzer

The time has come for society to pay the true environmental and national security price tag of burning fossil fuels.

Had Enough?

Jonathan A. Schein | Posted 05.25.2011 | Business
Jonathan A. Schein

The next time you pull up to a filling station, think about this: do we really need to help a company earn $45.2 billion in profits when the global economy is teetering on a very precarious perch?

T. Boone Pickens Predicts Oil Back To $100 By End Of 2010

CNBC | Posted 05.25.2011 | Business

Texas billionaire T. Boone Pickens said Tuesday that oil prices will rise above $100 a barrel by the end of 2010 as the global economy recovers....