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Federal regulators said Thursday after a lengthy review that they could not determine how much speculators have influenced commodity prices, especially the run-up earlier this year in oil prices. ...more
September 12, 2008
Speculation by large investors - not supply and the demand for oil - were a primary reason for the surge in oil prices during the first half of the year and the more recent price declines, an independent study concluded Wednesday. ...more
September 11, 2008
It is no secret that the airlines are hurting as they try to cut costs by charging more for baggage, eliminating movies, meals and other perks that customers assumed were normal when they flew. Some small general aviation aircraft pilots and flight instructors are paying $6 per gallon for aviation fuel. The octane of this small aircraft fuel is similar to automotive Regular (80-87) with a slight boost calling it 100LL (low lead.) ...more
August 7, 2008
Congress appeared deadlocked Wednesday on responding to the nation's energy problems amid a bitterly partisan rift over whether to open long-restricted offshore waters to oil and gas drilling. ...more
July 31, 2008
Commodity regulators in Washington have accused a Dutch trading company of making roughly $1 million in illegal profits by manipulating the prices of crude oil, heating oil and gasoline over an 11-day period last year. ...more
July 25, 2008
Brewer InBev turned up the heat in its hostile, $46 billion bid for Anheuser-Busch, announcing Monday that it will attempt to remove the company's entire board. ...more
July 8, 2008
Senate Republicans blocked a proposal Tuesday to tax the windfall profits of the largest oil companies, despite pleas by Democratic leaders to use the measure to address America's anger over $4 a gallon gasoline. ...more
June 11, 2008
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