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Oil execs give wide range on oil price estimates

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Oil prices up after government reports supply jump

kansascity.com
May 21, 2008
        

High gas prices posted at a Shell gas station in Palo Alto, Calif., Tuesday, May 20, 2008. Oil prices spiked to a new trading high Tuesday, sweeping toward $130 a barrel as supply concerns intensified the momentum buying that has lifted crude deeper into record territory. Gasoline, meanwhile,...

Oil prices up after government reports supply jump

sacbee.com
May 21, 2008
        

Oil prices are rising after a government report that the nation's supplies of crude oil, gasoline and heating oil were lower than expected last week. High gas prices posted at a Shell gas station in Palo Alto, Calif., Tuesday, May 20, 2008. Oil prices spiked to a new trading high Tuesday,...

Oil executives defend their large size and profits before Senate Judiciary Committee

startribune.com
May 21, 2008
        

By H. JOSEF HEBERT , Associated Press WASHINGTON - Senators told oil executives Wednesday that high oil prices cannot be explained by supply and demand and the oil industry's concentration — and OPEC price collusion — is contributing to the costs facing consumers. Executives of the five largest...

Oil prices up after government reports supply jump

nwsource.com
May 21, 2008
        

By JOHN WILEN AP BUSINESS WRITER NEW YORK -- Oil prices are rising after a government report that the nation's supplies of crude oil, gasoline and heating oil were lower than expected last week. The Energy Department report says crude oil inventories fell by more than 5 million barrels. Analysts...

Big Oil defends profits before Senate panel

newsvine.com
May 21, 2008
        

WASHINGTON — Senators told oil executives Wednesday that high oil prices cannot be explained by supply and demand and the oil industry's concentration — and OPEC price collusion — is contributing to the costs facing consumers. Executives of the five largest oil companies were appearing before the...

Oil executives defend size, profits before Senate (AP)

yahoo.com
May 21, 2008
        

By H. JOSEF HEBERT, Associated Press Writer 14 minutes ago WASHINGTON - Senators told oil executives Wednesday that high oil prices cannot be explained by supply and demand and the oil industry's concentration — and OPEC price collusion — is contributing to the costs facing consumers. Executives...

Oil executives defend size, profits before Senate

nwsource.com
May 21, 2008
        

By H. JOSEF HEBERT ASSOCIATED PRESS WRITER WASHINGTON -- Senators told oil executives Wednesday that high oil prices cannot be explained by supply and demand and the oil industry's concentration - and OPEC price collusion - is contributing to the costs facing consumers. Executives of the five...

Oil executives go before Congress (at CNNMoney.com)

yahoo.com
May 21, 2008
        

NEW YORK (CNNMoney.com) -- The Senate Judiciary Committee called the hearing to explore the skyrocketing price of oil, which topped $130 a barrel earlier in the day. Lawmakers criticized the firms for not investing enough in finding new oil and developing renewable resources and told them, in...

Senate panel to drill oil executives

cnn.com
May 21, 2008
        

Judiciary Committee to seek answers for rising oil prices on day crude crosses $130 a barrel. The Senate Judiciary Committee called the hearing to explore the skyrocketing price of oil, which topped $130 a barrel earlier in the day. Lawmakers criticized the firms for not investing enough in...

                   

Energy to reverse "decline"

prairiepundit.blogspot.com
May 21, 2008
        

Sterling Burnett:...And while we wait for the price to peak, spending shrinks and the economic outlook worsens. Here's a thought: Rather than vilify the oil industry for our sticker shock, let's take a hard look at the actions of our federal government.For years, we've approached domestic...