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2010-02-08
Paperwork Hinders Airlifts Of Ill Haitian Children

Shame And Fear: Inside Germany's Catholic Church Abuse Scandal

'Million-Fold Violation Of The Private Sphere' - Germany Consumer Minister Takes On Google Street View

Interview With Palestinian President Mahmoud Abbas: 'I Will Not Back Down'

Greek Debt Crisis - How Goldman Sachs Helped Greece Mask Its True Debt

Dow Closes Below 10,000 For First Time Since Nov. 4

Climate Scientists Hit Out At Melting Glaciers Error

Commentary: The Case For Climate Change Must Be Remade From The Ground Upwards

U.S. Health And Human Services Secretary Sebelius 'Very Disturbed' By Anthem Blue Cross Rate Hikes

Ahead Of SWIFT Vote: U.S. Urges European Parliament To Back Bank Data Deal

Commentary: 'The West Must Impose Sanctions On Iran This Month'

Iran's Nuclear Plans Prompt New Calls For Sanctions

U.S. Rep. John P. Murtha Dies At 77

Ukraine Remains Divided After Runoff Election

2010-02-07
Global Market Turmoil Hints That U.S. Recovery May Founder

Editorial: The Truth About The U.S. Deficit

Why Are U.S., Allies Telling Taliban About Coming Offensive?

Testy Conflict With Goldman Helped Push A.I.G. To The Edge

Survey Of Retired N.Y. Police Dept. Officers Raises Questions On Crime Data

Iraqi Militants Post Video Of Kidnapped American

In Britain: Sharp Rise In Number Of Older People With Fatal Allergies

Ukraine Set For A Tilt To The East As Russia's Ally Leads In Polls

Mitch Landrieu Wins New Orleans Mayor's Election By Landslide

Top Canadian Banks Want Government To Cool Off Rise In Home Prices

6.6 Magnitude Hits Off Japan's Southern Coast

2010-02-05
Interview With John And Doris Naisbitt: 'China Is A Country Without An Ideology'

Interview With German Economic Adviser - Euro Zone 'Could Cope With Greek Bankruptcy'

Judge Overturns Boycott Barring Iranians from Dutch Nuclear Sites

Sen. Dodd: Talks With Republicans On Financial Bill At 'Impasse'

U.S. House To Vote On Stripping Health Insurers' Antitrust Protection


Disruptions In Oil Supply May Extend Price Rise
2008-05-06 14:41:09 (92 weeks ago)
Posted By: Intellpuke
(Read 1045 times || 0 comments)
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Here's how a small group of militants in West Africa can help keep an issue alive in presidential politics in Indiana and Washington.

On Sunday morning, an e-mail arrived from a representative of the Movement for the Emancipation of the Niger Delta (MEND) announcing that 36 hours earlier, the group had overrun a "heavily fortified" Royal Dutch Shell oil installation in Nigeria's Bayelsa state.

When commodity markets opened in New York Monday, crude oil prices pierced the $120-a-barrel threshold for the first time before settling at $119.97, a record.

The $3.65 jump in crude oil prices helped sustain the intensity of political debates about gasoline prices, which Monday stood at a national average of $3.61 a gallon - a penny shy of a record and up about 55 cents this year. In an interview with ABC's "Good Morning America" Monday, President Bush said that the price of gasoline troubled him "a lot" and that rising gasoline prices were "like a tax on the working people".

However troubled Bush and other political leaders may be, oil experts said the small cushion of excess capacity around the world could mean a continuation of the recent volatility of oil prices at a high level. That could result in a long, hot summer for drivers, and it could leave the domestic U.S. politics of gasoline hostage to outside events.

(story continues below)




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