18
votes
from hosted.ap.org, 41 months ago
Democrats sought on Saturday to drum up support for compromise legislation on offshore drilling, challenging Republicans to break from Bush administration policies that neglect development of alternative energy sources... More
16
votes
by Deb Riechmann from hosted.ap.org, 41 months ago
President Bush says if Congress doesn't permit offshore drilling to increase U.S. oil supplies and possibly ease gasoline prices, lawmakers should not expect voters to support them in November... More
16
votes
submitted by trippie48 41 months ago, from money.cnn.com
Oil futures on Tuesday tumbled to levels not seen since early April on a strengthening dollar and concerns that an economic slowdown has crippled demand for energy. U.S. crude futures for October delivery dropped $5.75 a barrel to settle $109.71. It was the lowest oil has settled since April 8... More
17
votes
submitted by rodeox 42 months ago, from biz.yahoo.com
A single energy conglomerate held 11 percent of all contracts on the New York Mercantile Exchange at one point last month, according to a published report Thursday, suggesting that speculators may have played a larger part in volatile oil markets than once thought. The Commodity Futures Trading... More
19
votes
submitted by blueheat 42 months ago, from bloomberg.com
Crude oil advanced more than $6 after the signing yesterday of a missile-shield agreement between the U.S. and Poland bolstered concern that Russia may disrupt the flow of oil. More
14
votes
by Joan Lowy from hosted.ap.org, 42 months ago
As summer vacation season kicked in, Americans got out of their cars, driving 12.2 billion fewer miles in June than the same month a year earlier. The 4.7 percent decline, which came while gas prices were peaking, was the biggest monthly driving drop in a downward trend that began in November. More
18
votes
by Desmond Butler from hosted.ap.org, 42 months ago
The Cold War competition between the United States and Russia - played out in Europe with the threat of mutual nuclear destruction - ended with the collapse of the Soviet empire nearly two decades ago. But the Russian bear has re-emerged from its cave with a new and powerful weapon... More
19
votes
submitted by riverdrops 42 months ago, from money.cnn.com
Retail gasoline prices fell for the 25th day in a row, a survey of gas station credit card swipes showed Monday. The national average price for a gallon of regular gas fell to $3.81 from $3.818 a gallon the previous day, motorist group AAA said. Gas prices have fallen more than 7% since hitting... More
13
votes
submitted by rodeox 42 months ago, from money.cnn.com
Oil prices tumbled Friday as the dollar rallied strongly against slumping foreign currencies and concerns about a Turkish supply disruption were eased. Light, sweet crude for September delivery lost $4.03 to $115.99 a barrel in electronic trading on the New York Mercantile Exchange. More
18
votes
submitted by agabriel 42 months ago, from baltimoresun.com
With the politics of energy shifting as rapidly as gasoline prices, Democrats, led by Barack Obama, are retreating from long-held positions and scrambling to offer distressed voters more immediate relief from spiraling costs. More
20
votes
submitted by rodeox 42 months ago, from news.yahoo.com
In a reversal, Barack Obama proposed Monday that the government sell 70 million barrels of oil from its strategic petroleum stockpile to help reduce gasoline prices. The Democratic presidential candidate said in a major energy speech that in the short-run the move could help drive down gasoline... More
17
votes
from hosted.ap.org, 42 months ago
About 20 House Republicans have cut short their August vacations, gathering on the floor to protest Democratic energy policy and demand that Speaker Nancy Pelosi call lawmakers back into session to vote on an energy package. The bill would include GOP demands for more domestic... More
15
votes
submitted by bafficio 42 months ago, from iht.com
A day after Senator Barack Obama said he could support broad energy legislation even though it would permit offshore oil drilling, which he has opposed, an aide to Senator John McCain said Sunday that he too might support such a package. More
20
votes
submitted by trippie48 42 months ago, from sfgate.com
A bipartisan group of U.S. senators seeking to end the energy wars raging in Congress unveiled new legislation Friday that would allow some offshore oil drilling but also would invest heavily in wind and solar power, electric vehicles and alternative fuels. The new proposal arose as tempers flared.. More
13
votes
submitted by eooties 42 months ago, from iht.com
In a sudden and major shift, Democrat Barack Obama said he would be willing to support limited additional offshore oil drilling if that would help promote alternative energy sources, a proposal he has repeatedly blasted rival John McCain for supporting. More
