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Lower US oil prices not a pathway to less reliance on imported oil (The Barrel oil blog)

platts.com
May 20, 2008
        
Story Timeline:  199 days

The New York Times, in an editorial published today, characterized President Bush's request for more oil from Saudi Arabia as unseemly special pleading. "The next president is going to have to do a lot more more to reduce America's consumption of fossil fuels and its dependence on the Saudis,"... [read full story]                    

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Warning over volatile oil prices

 telegraph.co.uk May 21, 2008
First article on this story:

Why slick oil talk won't help America

 independent.ie May 20, 2008
Selected publications with coverage of this story:
independent.ie freerepublic.com voanews.com indiatimes.com moneyweek.com mikesamerica.blogspot.com huffingtonpost.com marketoracle.co.uk greens.org.nz tonyspencer.com telegraph.co.uk thenews.com.pk
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US Congress quizzes oil executives

thenews.com.pk
May 21, 2008
        

Five big oil firms logged $36bn in profits in 2008 Q1 WASHINGTON: Democrats in the Senate on Wednesday attempted to link record gasoline prices to cozy ties between President George W Bush, a former Texas oil man, and five big energy companies who logged $36 billion in profits in the first...

Higher June supplies may not help reduce prices

indiatimes.com
May 21, 2008
        

LONDON: At least half a million extra barrels of oil are expected to flow to world markets each day in June — news that so far has done little to bring down prices from record-high levels. Oil at above $132 a barrel is worrying not just for consumers, but also for major oil firms and producer...

                   

Don't blame us for prices - oil execs (idiot Leahy D-Vt gets SCHOOLED on how oil markets work)

freerepublic.com
May 21, 2008
        

Don't blame us for prices - oil execsA Senate Judiciary Committee seeks answers from Big Oil execs for rising oil prices on day that crude crossed $130 a barrel. By Steve Hargreaves, CNNMoney.com staff writer Last Updated: May 21, 2008: 3:47 PM EDT NEW YORK (CNNMoney.com) -- Amid increasing...

Oil reaches US$133

greens.org.nz
May 21, 2008
        

Oil at $133 a barrel. I have been tracking the price of oil for the last 6 or 7 months as it sneaked up towards and then over $100 a barrel, while the whole time saying I thought these high prices were slightly ahead of peak oil’s schedule. I think the last time I posted [...]

                   
voanews.com: BP America Chairman Robert Malone, left, and Shell Oil President John Hofmeister, are sworn in on Capitol Hill in Washington, 21 May 2008 voanews.com

Top US Oil Executives Appear Before Congress

voanews.com
May 21, 2008
        

Top U.S. oil executives have defended their companies' record profits as U.S. gasoline prices rose to an average of about $1 per liter. The official's comments came in testimony to a Senate panel Wednesday on a day that crude oil prices closed in on $134 a barrel. Democrats on the Senate...

                   

Oil Is Up Due to Fundamentals, Not Speculation (at Seeking Alpha)

yahoo.com
May 21, 2008
        

by: James Hamilton posted on: May 21, 2008 | about stocks: OIL / USO for believing that the flow of funds into commodity investing has contributed to the recent oil price highs. Particularly dramatic in this growth has been China, whose petroleum consumption between 1990 and 2006 increased at a...

abc.net.au: Markets were rocked by an unexpected drop in US oil inventories. abc.net.au

Oil hits new record in overnight trade

abc.net.au
May 21, 2008
        

By Washington correspondent Michael Rowland Markets were rocked by an unexpected drop in US oil inventories. (Getty Images: Guang Niu) World oil prices have reached new peaks. Crude oil futures rose more than $4 in busy overnight trade to settle at a new record high of $US133.17. Markets were...

$200 a barrel of oil? Don’t bet on it

moneyweek.com
May 21, 2008
        

As the oil price headed for $130 a barrel last week, George Bush headed to Saudi Arabia looking to squeeze some more barrels out of Saudi King Abdullah Al Saud. But given that Saudi Arabia produced 350,000 barrels per day less in January and February than its average level in 2005, that hardly...

Straight from the Oil Companies Mouth

tonyspencer.com
May 21, 2008
        

I’m paraphrasing here “It’s not our fault the prices are so high. It’s your fault Congress.” It just reiterates what I said last week, what Ron Paul has said, and what Hillary, Obama, and McCain don’t want to admit. Congress chose to cripple the US supply of crude oil by restricting drilling,...

                   

Peak Oil: While Washington Sleeps... (at Seeking Alpha)

yahoo.com
May 21, 2008
        

by: Michael Fitzsimmons posted on: May 21, 2008 | about stocks: It seems like every week I write another article pertaining to energy for Seeking Alpha. So, with respect to economics and the markets, this work continues to lead me straight back to oil and energy. As Boone Pickens opined on CNBC...

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