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... [read full story]                    

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Lawmakers seeking answers about soaring fuel prices

kwch.com     May 21, 2008          

Associated Press - May 21, 2008 4:43 AM ET CAPITOL HILL (AP) - Oil and gas company executives will be in the spotlight as a Senate committee looks into the skyrocketing price of oil. ... Associated Press - Oil and gas company executives will be in the spotlight as a...                    

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'Peak oil' sentiment pumping up long-term futures

chron.com     May 21, 2008          

Oil prices are heading to almost $140 a barrel in the next eight years, according to futures contracts on the New York Mercantile Exchange, on concern that growth in supply may fail to keep pace with rising demand. Oil for delivery in December 2016 surged $17.08, or 14 percent, in the three...                    

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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...                    

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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...                    

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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...                    

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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...                    

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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,...                    

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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,...                    

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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...                    

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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...                    

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