Hot Prospect for Oilâs Big League
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A huge underwater oil field discovered late last year has the potential to transform Brazil into a sizable exporter and win it a seat at the table of the worldâs oil cartel.
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By Purva Patel, Houston Chronicle  Sep. 23--One's an owner of a professional basketball team who got on the list with the help of investments.   Another got there with a boost from the energy sector.   And the third makes much of his money distributing Toyotas.
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Oil prices have been at record highs this year, with money gushing into the coffers of oil producers thanks to the world&#39;s growing thirst for oil.
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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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At a time when the nation is chafing at its persistent dependence on foreign oil, it is becoming clear that the United States may be headed for the same situation with natural gas.
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The perceived risk of relying on foreign oil and the desire to create fuel from domestic sources guarantees that biofuels will become competitive with crude oil. In Autopia.
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Statoil, NorwayÂs largest oil company, will pay $700 million for stakes in two oil and gas finds and one exploration prospect in deep waters of the Gulf of Mexico to offset an expected drop in domestic output. The company will buy 17.5 percent of the Caesar discovery and 12.5 percent each of the Big Foot find and the Big Foot North prospect from the Plains Exploration and Production Company of Houston, Statoil said. The discoveries are expected to increase production ÂsignificantlyÂ after 2010, Statoil said. It did not estimate the size of the reserves in the stakes.
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Baseballâs mass migration to Arizona for spring training is a development that would have been someoneâs spring fantasy a couple of decades ago.
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The locations of the world's big energy reserves could bite us in the years to come.
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New Yorkâs attorney general will seek a far faster pace for recovering oil lying under Greenpoint and big fines.
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Mets General Manager Omar Minahas has met with most of the teams that may be willing to trade big-money marquee players in blockbuster deals.
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Oilâs $100-a-barrel price flirtation suggests that traders will see more of the escalation in energy markets that marked the final months of 2007.
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The record price of oil has ruled Wall  Street for months now and next week investors will get a close  look at just who has profited the most from black gold's big  run.
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On Wall Street, where even those who fail at their job make more than Alex Rodriguez, there is support for the third basemanâs plans to play the market.
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HIS could be the big one. This could be the Hurricane Ivan of sports, the perfect storm that levels the landscape of a formerly major league.
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Business is brisk for this drilling equipment dynamo.
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Craig Biggio says he's more than ready to reach 3,000 hits. To do it in Milwaukee, he'll need to have a very productive game on Tuesday.