Oil Prices Archives

Jul16
Oil Continues to Plunge on Weak Demand and Increased Inventory
After ending at an all-time high last weak, oil prices have dropped almost $13, as Tuesday's drop of $6.44 was followed by another decrease of $4.14 today. According to the U.S. Energy Information Administration, crude inventories surprisingly grew by 3.0...
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Jul14
President Bush lifts Offshore Drilling Ban, puts ball in Democrat's Court
Where's Democrat-controlled Congress?In what some are calling a "symbolic" move, President Bush today lifted a White House ban on offshore drilling, throwing the issue to the Democrat-controlled Congress to take similar action.Surprisingly, the Democrats continue to resist taking actions that... Continue Reading
Jul 8
T. Boone Pickens lays out His Energy Plan Today
We need to drill for oil now!T. Boone Pickens laid out a plan today in an attempt to make America less dependent on foreign energy.Basically he calls for replacing natural gas with wind power, and then transferring natural gas reserves... Continue Reading
Jun20
Nigerian Bonga Oil Field Shut Down after Offshore Terrorist Attack: Cost - 200,000 Barrels Daily
American oil worker kidnapped in attackNigerian President Umaru Yar'Adua vowed that "all necessary action" would be taken against those who attacked the Bonga oil offshore oil field Thursday. The platform, which is run by the Royal Dutch Shell oil company,... Continue Reading
May23
Democrat Maxine Waters Calls for Nationalization of Oil Industry
Is this what the Democrats will bring us if Americans vote them into power? Rep. Maxine Waters threatened oil company leaders with transferring management of the industry from them to the government. What a wacko.Here's what she said at the... Continue Reading
Apr14
Brazilian Exploration Company "Petrobras" Claims Another Huge Oil Find - the Largest in 30 Years
According to Brazil's Haroldo Lima, head of the government's oil and fuel market regulator, the new find of oil in the prolific Santos basin has the potential to yield 33 billion barrels of oil. If that projection holds, it'll be... Continue Reading
 


USGS Study Says there may be 3.7 Billion Barrels of Oil at Bakken Shale Formation in U.S.
Oil Futures Surge to Another Record High
Why is Congress Shifting Attention to Oil Executives?
Oil Prices Surge to $105.97 a Barrel
Crude Oil Passes $100 on Supply Concerns
Oil Climbs on News OPEC Keeping Supply Unchanged

Oil Prices Archives

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