Goldman Sachs: Lower oil prices to cause loss of $1 trillion, many projects ‘unprofitable’
The global oil industry will face a loss of $1 trillion as producers will be forced to cancel a number of key projects if oil prices stay below $60, says Goldman Sachs. Tuesday’s Brent crude trading at $59.9 More...
President Obama cornered on Keystone Pipeline, Dem Mary Landrieu calls for vote
Democrats may still be reeling from the midterm election results and now President Obama will face immediate pressure to move ahead on the Keystone Pipeline. Democratic Sen. Mary Landrieu sees the writing on the More...
Gas prices soaring, plenty of blame to go around
Drivers are seeing a 30 cent increase in gas prices over the last week. September 2010 photo/Daniel Christensen A gas refinery explosion in Toledo a few days ago, a spike in crude oil price and a slowdown on production More...
‘Sex for gas’ ad hits Craigslist in the wake of Hurricane Sandy GRAPHIC
Housing, food, water and now gas shortages are a major concern on the East Coast in Hurricane Sandy’s aftermath, some are hoping gas-thirsty residents will go to extreme lengths to get their hands on some More...
Labor Day gas prices may be at an all-time high for holiday travelers
Bloomberg reported that the effects of Hurricane Isaac and a deadly refinery blast at a Venezuela refinery have helped push gasoline prices upward in recent days. “We expect the national average price of gasoline More...
