iOS app Android app

High Oil Prices

Firm To Pay Big For Using 'The Hammer' To Influence Oil Prices

Reuters | Posted 06.19.2012 | Business

* Dutch firm accused of manipulating oil prices * CFTC case one of largest involving oil price manipulation * No admissi...

Anna Staver

Wall Street 'Casinos' Drive Gas Prices, Experts Say

HuffingtonPost.com | Anna Staver | Posted 04.04.2012 | Politics

WASHINGTON -- Americans are paying for $4-a-gallon gasoline because Wall Street "casinos" have blocked regulators from cracking down on rampant oil sp...

Obama: There's No 'Silver Bullet' To Stop Gas Price Hikes

AP | JIM KUHNHENN | Posted 05.03.2012 | Business

WASHINGTON — President Barack Obama says higher auto mileage standards set under his administration and better cars built by a resurgent U.S. au...

Oil Slicks: Who Benefits From Gambling on Gas Prices?

Richard (RJ) Eskow | Posted 04.23.2012 | Politics
Richard (RJ) Eskow

We can't know for sure what's behind these oil prices. But what we can know is that we don't know -- and that our government should have the resources to track these markets and intervene when they're being misused.

Filling Up Your Tank Getting A Whole Lot Harder

AP | PABLO GORONDI | Posted 04.21.2012 | Business

Oil prices jumped to a nine-month high above $105 a barrel on Monday after Iran said it halted crude exports to Britain and France in an escalation of...

What Do Triple Digit Oil Prices Mean for Growth?

Jeffrey Rubin | Posted 03.04.2012 | Business
Jeffrey Rubin

If the global economic expansion, troubled as it may be, continues, we will see even higher oil prices in 2012. But what does that say about the sustainability of growth?

Oil Prices Surge Amid Rising Tensions In Iran

AP | CHRIS KAHN | Posted 03.04.2012 | Business

NEW YORK — Oil prices soared Tuesday as tensions grew over key Persian Gulf oil shipments. Benchmark crude jumped by $4.13, or 4.2 percent, to ...

For A Change, Gas Cheaper On Independence Day Than Memorial

AP | Chris Kahn | Posted 09.01.2011 | Business

(AP) NEW YORK — Call it an Independence Day discount. Gasoline prices usually peak in the summer. This year, however, they peaked a little earlie...

Oil Traders Sued For Manipulating Market During 2008 Crisis

AP | Posted 07.24.2011 | Business

WASHINGTON -- U.S. commodity regulators are suing three companies and two individuals claiming they manipulated crude oil futures prices on the New Yo...

Saudi Arabia Faces The End Of 'Easy Oil'

Posted 07.24.2011 | Business

WAFRA, Kuwait -- The Arabian Peninsula has fueled the global economy with oil for five decades. How long it can continue to do so hinges on projects l...

Sam Stein

Last Minute Oil Lobby Contributions To House Members Yield Results

HuffingtonPost.com | Sam Stein | Posted 07.19.2011 | Politics

WASHINGTON -- In the month leading up to an early May vote over whether to expand oil drilling in the Gulf of Mexico and open the coastal waters of V...

Michael McAuliff

More U.S. Oil Drilling Won't Lower Gas Prices, Experts Say

HuffingtonPost.com | Michael McAuliff | Posted 07.06.2011 | Green

WASHINGTON -- Republicans used the politically potent argument about the cost of gas Thursday to pass a bill expanding offshore oil and gas exploratio...

Elise Foley

Senate Dems: GOP Cuts Would Cause Surge In Gas Prices

HuffingtonPost.com | Elise Foley | Posted 05.25.2011 | Politics

WASHINGTON -- With gas prices soaring, 45 Senate Democrats signed a letter on Tuesday urging GOP leaders to abandon their proposed cuts to the budget ...

Amy Lee

Venture Firms Hope High Oil Prices Will Spur Cleantech Interest

HuffingtonPost.com | Amy Lee | Posted 05.25.2011 | Technology

It takes a special kind of optimist to see spiking oil prices as an opportunity. But for venture capitalists placing their bets on renewable energ...

Market Monkeys Guarding Bananas Again

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

The probe into the "flash crash" has yet to report the cause, but whatever it is will provide another example that the system is dangerously unpoliced and that manipulative behavior is unchecked.

Offshore Drilling: How $4 Gas Set Off Loud Calls For Its Expansion

Mother Jones | Kate Sheppard | Posted 05.25.2011 | Green

It all started in the summer of 2008. Gas prices reached a record national average of $4 a gallon by early June. By late June, the political jockeying...

Energy Efficiency is the New Oil

Stephen Cowell | Posted 05.25.2011 | Green
Stephen Cowell

Reduced consumption has sent the price of oil plummeting from record highs. In other words, energy efficiency is the gift that keeps on giving.

Suddenly Obama's Auto-Policies Matter: Michigan Is The New Florida

Diane Tucker | Posted 05.25.2011 | Home
Diane Tucker

Any sort of cash incentive to get manufacturers to build more efficient vehicles -- and to get people to buy more of them -- is an admirable thing. But let's not forget that if people just make smarter choices, this nation's energy usage will go down dramatically.

Why Does John McCain Hate the American Worker?

Lloyd Alter | Posted 05.25.2011 | Business
Lloyd Alter

McCain says "Drill here, drill now!" to reduce the price of gas, but every time the price of oil goes up, more jobs return from China, and first to the basic heavy industries like steel. Why does he hate the rust belt states? Or, for that matter, Mexico?

OPEC Nations Pocket Record $645 Billion In First Half Of 2008

Financial Times | By Javier Blas in London, Krishna Guha in Washington and Andrew England in Abu Dhabi | Posted 05.25.2011 | Business

Opec nations earned as much in the first half of this year as they did in the whole of 2007 - thanks both to record oil prices and record production -...

Sunday Watch 7-20-08

Todd Gitlin | Posted 05.25.2011 | Media
Todd Gitlin

Imagine! Almost an entire installment of Meet the Press devoted to an interview with a private citizen who is not running for office -- who receives the attention because he...knows something.

Food Fight - A "Vanguard" Special Report

Current TV’s “Vanguard” | Posted 05.25.2011 | Green
Current TV’s “Vanguard”

2008-07-17-Picture3.jpg

Oil Prices Down: Crude Oil Prices Drop More Than $8 In 2 days

AP | ADAM SCHRECK | Posted 05.25.2011 | Green

NEW YORK — Oil tumbled more than $5 a barrel Tuesday in its second big drop this week, hurling crude back to levels not seen since June 26 as tr...

Thank You, Mr. Oil Speculator, For Saving My Baby's Life

Steve Young | Posted 05.25.2011 | Media
Steve Young

If the energy company CEOs, oil speculators, and Saudi princes ever needed a great PR line, it's now. And here 'tis. Oil Companies: In The Business ...

$200-A-Barrel Oil: Envisioning What The World Would Look Like

LA Times | Martin Zimmerman | Posted 05.25.2011 | Business

The more expensive oil gets, the more Katherine Carver's life shrinks. She's given up RV trips. She stays home most weekends. She's scrapped her twice...