Opec

Auto Industry Drops 32%; GM Plummets Over 45%

Steve Parker | Posted 12.04.2008 | Business

Read More: Automotive News, Suzuki, Chrysler, Epa, Thanksgiving, Honda, Cars, Atlanta, Ford, Mercedes Benz, Volkswagen, Tennessee Valley Authority, General Motors, Ford Ecoboost Engine, Mini, Detroit Bailout, John McCain, Toyota, Gm, Opec, Detroit Three, Lexus, Chevrolet, GM Red Tag Sale, Porsche, Barack Obama, Mercury, Bush White House, Manhattan Project, Lincoln, Wpa, Sarah Palin, Bmw, Audi, Lincoln MKS, Isuzu, Business News

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.

Read Post

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

Raymond J. Learsy | Posted 12.01.2008 | Business

Read More: Dept of Energy, Wall Street, Saudi Arabia, Exxonmobil, Cheney, Oil, Strategic Petroleum Reseve, Oil-Patch, Dept of Interior, King Fahd, Opec, Business News

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.

Read Post

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

Raymond J. Learsy | Posted 11.30.2008 | Business

Read More: Secretary of Energy Sam Bodman, Russia, Strategic Petroleum Reserve, Deputy Prime Minister Igor Sechin, Oil, OPEC Secretay Gneral Abdullah Al-Badri, Congress, President Medvedev, Opec, Business News

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.

Read Post

The Silent Saudi Squeeze (and a Suffragist Solution)

Rachel Haimowitz | Posted 11.27.2008 | Politics

Read More: Energy, Energy Independence, National Debt, Barack Obama, Mccain, Opec, Green Technology, Terrorism, Oil, Saudi Arabia, Green Energy, Osama Bin Laden, Offshore Drilling, Voting, Obama Green, Hamas, Al Qaeda, Politics News

As our presidential nominees discuss bailouts and economic plans they have largely ignored one particular issue that underpins them all: Saudi Arabia.

Read Post

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

AP | ALEX KENNEDY | Posted 11.27.2008 | Business

Read More: Recession, Opec, Economy, Oil, Oil Prices, Opec Output Cut, Business News

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...

Read Whole Story

Iran: OPEC May Decrease Production Further

AP | Posted 11.26.2008 | Business

Read More: Opec, OPEC Production, OPEC Oil, Oil, Business News

TEHRAN, Iran — Iran's OPEC governor says the organization may consider another cut in oil production due to a glut in the market. Speaking in a...

Read Whole Story

Global Obama: Big Opportunities, Bigger Challenges

William Bradley | Posted 11.24.2008 | Politics

Read More: Russia, Venezuela, Britain, Tunisia, Opec, Missile Shield, Iran, Georgia, Vladimir Putin, Qatar, Ukraine, Arctic, Boris Johnson, Libya, Energy Future, Barack Obama, Presidential Campaign, Germany, Petro Rush, George W. Bush, Bill Clinton, Oil, Dmitry Medvedev, Iraq, Israel, John McCain, Natural Gas, John F. Kennedy, Joe Biden, Persian Gulf, Middle East, Afghanistan, Czech Republic, Poland, Politics News

If he wins, Obama will have the global popularity that no American president has had in a great many years.

Read Post

Oil prices plunge, gas prices follow

AP | MARK WILLIAMS | Posted 11.24.2008 | Business

Read More: Oil, Oil Prices, Opec, OPEC Emergency Meeting, Opec Output Cut, Oil Output Cut, Business News

COLUMBUS, Ohio — Crude prices tumbled Friday and a gallon of gasoline fell below year-ago levels for the first time in 2008, even as OPEC announ...

Read Whole Story

OPEC Cuts Output After Meeting To Keep Oil Prices Up

AP | GEORGE JAHN | Posted 11.24.2008 | Business

Read More: OPEC Emergency Meeting, Opec, Oil Cartel, Oil, Oil Prices, Business News

VIENNA, Austria — OPEC said at an emergency meeting Friday that it will slash oil production by 1.5 million barrels to stem the "dramatic collap...

Read Whole Story

Russia, Iran and Qatar discuss forming gas cartel

AP | NASSER KARIMI | Posted 11.22.2008 | Business

Read More: Opec, Natural Gas, Natural Gas Cartel, Iran, Qatar, Russia, Energy, Energy Cartel, Ukraine, Business News

TEHRAN, Iran — Russia, Iran and Qatar made the first serious moves Tuesday toward forming an OPEC-style cartel on natural gas, raising concerns ...

Read Whole Story

As the Bush Years Wind Down the New York Times Signals Hard Times Ahead for Russia, Venezuela, Iran

Raymond J. Learsy | Posted 11.21.2008 | Business

Against the interests of the nation this administration has permitted, even encouraged the dramatic transfer of wealth to oil interests in dimensions beyond the fondest dreams of Croesus.

Read Post

Illinois Gas Prices Drop

CBS 2 | Posted 11.20.2008 | Chicago

Read More: Americal Auto Association, Illinois Gas Prices, Chicago Gas Prices, Opec, Chicago News

CHICAGO (CBS) ― Motorists throughout the Chicago area and across the country are seeing significant relief at the pump. The American Auto Associat...

Read Whole Story

One Reason Offshore Drilling Won't Lower Gas Prices: OPEC

Josh Nelson | Posted 11.20.2008 | Green

Read More: Gas Prices, Iran, Oil Production, Oil, Oil Prices, Energy Independence, U.S. Oil Production, Iraq, Opec, Qatar, Offshore Drilling, Green News

OPEC is acting to immediately stabilize prices in the neighborhood of $70-$90 per barrel. Just eight years ago OPEC tried to keep prices in the $22-$28 range.

Read Post

McCain's Good Oil, Bad Oil

Jamal Dajani | Posted 11.17.2008 | Politics

Read More: Iraq War, John McCain, Crude Oil Prices, Middle East, Opec, Saudi Arabia, Oil, US Presidential Election, Barack Obama, US Economy, Banking Crisis, Politics News

There is no way we will be sending $700 billion dollars to "tyrants and dictators" unless we are talking about the banking industry.

Read Post

Which Is Worse For Green Energy? Cheap Oil Or Financial Crisis

The Wall Street Journal | Keith Johnson | Posted 11.16.2008 | Green

Read More: Energy, T. Boone Pickens, Tesla Motors, Crude Oil Prices, Alternative Energy, Cheap Oil, Oil Prices, Oil, Environment, Financial Crisis, Clean Energy, Opec, Financial Meltdown, Green News

Oil prices plummeted again Thursday, falling under $70 a barrel for the first time in more than a year. That kicked OPEC into action--the oil cartel...

Read Whole Story

While The World's Economies Are Reeling, OPEC Wants Us To Pay More For Oil

Raymond J. Learsy | Posted 11.13.2008 | Business

Read More: Oil, New York Times, Saudi Oil Minister Ali Al-Naimi, World Financial Crisis, Opec, Price of Oil, Chakib Kheklil, Business News

With OPEC's volition to keep prices at artificial and egregiously high levels, they have forever lost all semblance as suppliers who can be relied upon in good times and bad.

Read Post

OPEC Emergency Meeting Sought As Oil Prices Plummet

Financial Times | Carola Hoyos | Posted 11.08.2008 | Business

Read More: Energy, Oil Prices, Oil, Opec, Economy, Business News

Almost half the members of the Opec oil cartel are considering an emergency meeting in Vienna next month as oil prices dropped to their lowest level i...

Read Whole Story

Analyst Predicts $50 Oil

Blogging Stocks | Joseph Lazzaro | Posted 11.07.2008 | Business

Read More: Russia, Oil Prices, Oil, Financial Crisis, Gas Prices, Gasoline Futures, Opec, Economic Crisis, Economy, Business News

Think the price of oil can remain sky-high amid a U.S. recession, a global economic slowdown, and the worst credit market conditions in decades? Thin...

Read Whole Story

Russians in Georgia, Chavez in Moscow, Gas Panic In Atlanta Georgia. Whodunit??

Raymond J. Learsy | Posted 11.02.2008 | Business

Read More: Hugo Chavez, Congress, Nopec, Venezuela, Preisident Medvedev, Opec, Oil, Russia, Atlanta, Citgo, Petroleos De Venezuela Sa, Gazprom, Putin, Gas Shortage, Business News

The more vulnerable we feel, the more self-assured and bombastic Chavez and his Russian friends become.

Read Post

Greening Hollywood: The Electric Revolution

Paige Donner | Posted 10.31.2008 | Green

We need to do that to oil. We need to destroy its strategic role and its monopoly over transportation. Electricity, as was the case with salt, is going to be right at the heart of that.

Read Post

Candidates Will Have To Consider Balancing Commitment To Israel With Energy Needs

Dan Goor | Posted 10.26.2008 | Home

Read More: Israeli-Palestinian Conflict, Holocaust, Oil Dependency, Opec, Iran, Ahmadinejad Israel, Mahmoud Ahmadinejad, Barack Obama, Cnn, Larry King, Oil Prices, Zionism, Israel, United States Allies, John McCain, Home News

Since reducing United States commitment to Israel may be a prerequisite to getting OPEC oil, the most promising short-term to mending the US economy, should the United States compromise and reduce some of its obligation to Israel?

Read Post

Chavez Threatens To Cut U.S. Off From Oil Again: "Go To Hell, S--- Yankees, We Are A Dignified Nation" (VIDEO)

Reuters | Posted 10.13.2008 | Business

Read More: Hugo Chavez, Venezuela, Biz Quotes, Oil, Oil Prices, Opec, Business News

CARACAS (Reuters) - Venezuela's President Hugo Chavez has thrust the OPEC nation into its worst diplomatic crisis for years by expelling the U.S. amba...

Read Whole Story

OPEC Decides To Cut Oil Production

AFP | Posted 10.10.2008 | Business

Read More: Oil Production Cuts, Opec Oil Cuts, Opec, Business News

The OPEC oil group has agreed to cut its real output by 520,000 barrels per day in the next 40 days, OPEC's President and Algerian Energy Minister Ch...

Read Whole Story

As It Meets, Time to Make OPEC Understand Access To Our Market Can No Longer Be Taken For Granted

Raymond J. Learsy | Posted 10.10.2008 | Business

Read More: Venezuela, Saudi Arabia, Russia, Oil, King Abdullah, Chavez, Hezbollah, Opec, Nytimes, Crude Oil Prices, Crude Oil, Business News

The US market for oil should no longer be available to all suppliers irrespective of their adversarial policies and their pricing strategies.

Read Post

Oil Prices Dance Ahead Of September OPEC Meeting

AP | STEVENSON JACOBS | Posted 09.21.2008 | Business

Read More: Oil, Opec, Oil Prices, OPEC Meeting, Business News

NEW YORK — Oil prices shot up more than $5 a barrel Thursday, rising to the highest level in over two weeks as escalating tensions with Russia s...

Read Whole Story

Opec

HuffPost Social News connects you with friends and the news