Cheap Oil Not Going Anywhere Soon, Author Says
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An oil industry insider, suggesting that petroleums past is a guide to its future, explains his disdain for oil doomsday scenarios.
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Just at the moment the U.S. economy could use a boost, the recent surge in oil prices is having the opposite effect.
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The housing crisis and high oil prices may cause a slump, analysts warn.
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Uncertainty ahead of the U.S.  presidential election is playing some role in high oil prices,  but don't expect a big energy sell-off after the ballots are  counted, oil experts said on Tuesday.
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The CPM has reportedly told the government to delay the decision to hike petrol and diesel prices till after the US elections. However, the Left has already indicated that it is not averse to a hike since there is no real alternative.
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Rather than a help toward energy independence, Big Oil and ethanol could be roadblocks.
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A car that can go 80 miles on a gallon of renewable fuel such as soy and canola would seem like an ideal solution to oil prices bumping around historic highs of $50 a barrel.
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LONDON, Oct 26  - World oil prices will be driven down over the next two years due to there being enough crude to meet soaring demand, Claude Mandil, executive director of the International Energy Agency (IEA), said here Tuesday.
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With the world so focused on the rising price of a barrel of light crude oil, it&#39;s a wonder that people even get into their cars and drive around anymore.
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Western oil companies are running out of likely places to look, and significant finds are becoming rarer.
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TOKYO: Rising oil prices are unlikely to deal a major blow to global economic growth although the trend may seem &quot;uncomfortable,&quot; a researcher with the International Monetary Fund says.
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Although the recent flurry of record oil prices might be temporary, government analysts said Thursday that $30-a-barrel oil should be expected for decades to come.
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All around the country, people like Jennie McCann are making bets on where global oil prices might be headed this winter. But Mrs.
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Oil prices were little changed Friday amid concerns over a possible slowing of the U.S. economy that could lead to a drop in fuel demand.
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Political headwinds are likely to batter this oil producer's results.
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OPEC, pumping oil at the fastest pace in 25 years, has little ammunition left to reduce near- record prices at a meeting this week, and some analysts are forecasting crude above $40 a barrel for the rest of the year.
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The world&#39;s oil supply has never seemed so precarious. The war in Iraq has cast a shadow over that country&#39;s ability to export crude.