A New National Speed Limit?

Sammy Hagar will not be happy as Senator John Warner calls for a new national speed limit to combat high fuel prices in the US.Motorists, let us know in the polls: would you be in favor of a new speed limit, or can...

Bush's Iraq U-turn

Obama isn't the only politician who does U-turns on Iraq. McCain was the only honest one stating he wants troops in Iraq for a hundred years...."Out of the question. Don't be silly. Never was a factor. Such are the...

NowPublic Oil-O-Meter

Oil prices are going crazy and NowPublic is monitoring their fluctuations in real time. Have you heard about another price hike? Post updates or relevant photos here, scan Twitter for news, follow price projections,...

Yudhoyono says world oil price could reach US$200 per barrel

Indonesia President now as economic analyst, too." "The world crude oil price could well reach US$160 to US$200 per barrel," the head of state said. The president said the government recently increased domestic fuel oil prices by an average of 28.7 percent as it had...

Indonesian bourse unlikely to rebound in 3 - 6 months due to oil cost, inflation

"As one of Asia's best performing markets in 2007, the Indonesian bourse has so far this year been struggling to revisit its record peak, but analysts believe it is not going to happen within the next three to six months. Soaring oil prices, which forced the government to...

House can now summon anybody involved in oil industry, trade : legislator

""It means the House now has the authority to investigate the government`s policies on the management of fuel oils , including its policy of raising the fuel oil prices by 28.7 percent last May," he said. Through the inquiry, it was hoped the government`s policies on the...

Int`l network suspected behind hijacking of CPO-carrying tanker

"Navy Col Hadi Susilo, commander of the Tarakan naval base, said nine of the 11 suspects were nabbed last Saturday (June 21) in a hotel in Tarakan and the remaining two on Sunday (June 22) also in Tarakan.Five of the arrested men were members of the tanker`s crew who might or...

Oil climbs 1%, Saudi pledge fails to halt rally

Even the world's biggest oil producer cannot stop the surge in oil prices--it is becoming clearer that speculation is the strongest force out there.  " Oil rose nearly 1.0 percent Monday, as escalating tensions between Israel and Iran stoked supply...

U.S. Energy Boss: Not Speculators, Shortages the Blame for Oil Prices

OpinionBarry Artiste, Now Public ContributorThe U.S. Energy Boss blaming shortages and not speculators driving up oil prices certainly must be the same slick oil salesmen who has Prime Swamp land in Florida for...

Saudi Arabia Increases Oil Production To 9.7 Million Barrels Per Day

"King Abdullah has agreed that his country will increased output to 9.7 million barrels a day as he opened a summit on the soaring international price of crude."

Oil at record near $140 a barrel

"US light crude rose to $139.89 a barrel, surpassing the previous high of $139.12 on 6 June. The price later fell 25 cents to $134.61 at the end of New York trade. On Sunday, Saudi Arabia said it would boost...

Bugs that eat waste and excrete petrol

"“Ten years ago I could never have imagined I’d be doing this,” says Greg Pal, 33, a former software executive, as he squints into the late afternoon Californian sun. “I mean, this is essentially agriculture, right? But the people I talk to – especially the ones...

Oil Pipeline Leaks Oil into Alberta River and Lake

An oil pipeline has leaked between 75 and 125 barrels of crude into the Red Deer River and Gleniffer Lake in Alberta, Canada. Crews are working to clean up the spill."Crews are trying to clean up a spill of sweet crude oil from a pipeline that runs under the Red Deer River...

Saudis Run out of $50.00 a Barrel Oil, Find New Reserves of $150.00 A Barrel Oil

OpinionBarry Artiste, Now Public ContributorSeem since President Bush's visit to Saudi Arabia to get the Saudi's to increase oil output failed last month, it seemed because the Saudi's ran out of $50.00 a barrel...

Oil to fall, underpinning growth: Credit Suisse

"By Jeremy Gaunt, European Investment CorrespondentLONDON (Reuters) - Credit Suisse's investment arm is banking on commodity prices to fall over the rest of this year, with the price of crude oil dropping back to between $100 and $120 a barrel, one of its top executives said...

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