Oil futures climbed to a new record near $143 a barrel Friday as the dollar weakened against the euro, confirming expectations that the falling greenback, a major factor in crude's stratospheric rise, will extend its decline and add to oil's appeal.
Greenpeace posed as a pro-coal organization to become a sponsor of the 2008 McCloskey Coal USA conference, which was surprised but allowed them to deliver a brief anti-coal message, officials said
For decades opposition to oil drilling off Florida's coast was one of the few issues uniting the state's Democrats and Republicans, who agreed that shielding the environment and the huge tourism industry came first.
ANCHORAGE, Alaska - Mike Lytle, a third-generation fisherman from the coastal village of Cordova, said many residents there were walking around stunned, shaking their heads
The U.S. Supreme Court on Wednesday overturned the record $2.5 billion in punitive damages that Exxon Mobil Corp had been ordered to pay for the 1989 Exxon Valdez oil spill off Alaska.
The head of Caltex says more steep fuel price hikes cannot be ruled out. Caltex' chief Des King says it is not out of the question that crude oil could hit $US200 ($210) a barrel by next year.
Tokyo-Environmental organizations today condemned the Japan Bank for International Cooperation (JBIC) and four private banks' June 16 decision to provide approximately 5.3 billion dollars in financing for the problematic Sakhalin II oil and gas project in
Is the oil crisis being manufactured? Lindsey Williams thinks it is.Williams became an oil industry insider by virtue of his success at mediating labor disputes in the Alaska oil fields--thank you Elle J!
"Every time the price of gasoline goes up a penny it costs the U.S. Postal Service $8 million. The USPS operates the largest civilian fleet of vehicles in the country -- 215,000 motor vehicles."
NEW YORK (AP) -- The average price of regular gas crept up to $4 a gallon for the first time over the weekend, passing the once-unthinkable milestone just in time for the peak summer travel season.
In its weekly update, the Energy Department said gasoline demand averaged 9.3 million barrels per day in the past month, which is a 1.4 percent decline compared to the same period last year.
Several prominent senators have once again summoned industry leaders to Capitol Hill, subjecting them to yet another barrage of rhetorical questions, interruptions, accusations and sermons.
Rapidly rising energy costs have been draining millions from the Fairbanks economy, causing local officials to look to a coal gasification plant for relief.
The French minister argued that "the current acute tension on oil markets should lead us to a collective and coordinated action in order to restore more bearable price levels and help the world economy evolve towards the post-oil era."
