U.S.'s Snow Says Oil Cuts Shouldn't Endanger Growth
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RABAT, Morocco  - U.S. Treasury Secretary John  Snow said on Saturday that oil producers and consumers alike  must act responsibly on energy use, a day after OPEC oil  producers agreed to slash production to keep prices up.
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US Treasury Secretary John W. Snow yesterday said record-high oil prices baffle the development of US economy. &quot;It&#39;s creating headwinds for the otherwise very strong economy,&quot; Snow told CNN&#39;s &quot;Late Edition
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High oil prices will probably brake U.S. growth but will not derail the economy provided there is not another sharp spike upwards, a top Federal Reserve policymaker said on Tuesday.
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Oil prices held firm on Tuesday on  concerns about another cold snap in the United States and  possible supply disruption in the Middle East and Russia.
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U.S. oil prices fell for a second session on Tuesday on worries that high energy costs may crimp economic growth, but crude remained firmly planted above &#36;50 a barrel on persistent fears of a winter supply crunch.
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An accelerating thaw of the Arctic may open vast regions for oil and gas exploration but that brings worries of spills in the fragile environment, experts said Thursday.
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WARMER than expected weather in the northern US is acting as a counter-balance in the oil market against fears of Middle East disruption if Palestinian leader Yasser Arafat dies.
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Rising oil prices will weigh on U.S.  economic growth but the increases seen so far will not derail  the expansion and need not fuel a troubling inflation, Federal  Reserve Board Governor Ben Bernanke said on Monday.
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Oil prices held firm on Tuesday on concerns about another cold snap in the United States and possible supply disruption in the Middle East and Russia.
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OTTAWA - World economic growth will be at risk next year if oil prices remain near all-time highs well into next year, the Conference Board of Canada said Friday.
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U.S. oil prices fell for a second session  on Tuesday on worries that high energy costs may crimp economic  growth, but crude remained firmly planted above $50 a barrel on  persistent fears of a winter supply crunch.
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Declining U.S. natural gas production  and concerns about output cuts in the Gulf of Mexico after  Hurricane Ivan last month should keep gas prices near record  highs heading into winter, industry experts say.
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Rising oil prices will weigh on US economic growth but the increases seen so far will not derail the expansion, Federal Reserve Board Governor Ben Bernanke said on Monday.
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The Organization of Petroleum Exporting Countries (OPEC) is likely to keep production close to a 25-year high to prevent shortages during the US winter, OPEC officials said.
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WASHINGTON, Aug 20  - US Treasury Secretary John Snow said on Friday there had not yet been a large enough disruption to the supply of oil to warrant tapping US emergency stockpiles.
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Near-record oil prices will slow U.S. economic growth but won't be enough to derail a self-sustaining expansion, U.S. Federal Reserve officials said on Monday.
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Costlier imported oil is bound to have some negative economic impact on the US economy, but it does not mean policymakers can lose sight of their long-term goal of keeping inflation under control, Federal Reserve Governor