Michigan AG wants answers from BP on spiking gas prices
The Michigan Attorney General is warning gas stations in his state not to gouge consumers in the wake of a BP refinery outage in Whiting.
Archive for year: 2015
Saudi Arabia executed 175 people in a year – Amnesty
A new report alleges that the Gulf kingdom’s “faulty justice system facilitates judicial executions on a mass scale.”
Gov. Jerry Brown takes aim at oil companies over ‘highly destructive’ product
Gov. Jerry Brown, who is in the middle of a political battle over climate-change legislation, took aim at oil companies Monday, saying they sell a “highly destructive” product.
From Venezuela to Iraq to Russia, oil price drops raise fears of unrest
Oil, the lifeblood of many countries that produce and sell it, appears to be rapidly turning into an ever-cheaper economic curse.
Oil’s drop puts spotlight on Saudi Arabia
The plunge in global oil prices has eroded an important pillar of Saudi Arabia’s strategy of pumping freely to grab global market share: Demand growth that once looked solid doesn’t look so steady anymore, mainly due to concerns about China.
Oil settles below $40 per barrel amid wider rout
Oil plunged to as low as $37 per barrel early Monday, as concerns about the world’s economic health led to a dramatic selloff on markets and stock indexes around the world.
California limits hybrid rebates to households earning less than $500,000
Hundreds of Californians with household incomes of $500,000 or more have collected state subsidies for buying electric and hybrid cars under a program that is criticized as a taxpayer handout to the wealthy. State regulators, in response, are restricting the subsidies to Californians who earn less than $250,000 or couples taking in less than $500,000.
How much longer can Saudi Arabia’s economy hold out against cheap oil?
The oil price was near its lowest in more than a decade, cash reserves were being depleted, emerging markets were in turmoil and Saudi Arabia was beginning to panic. That was 1998, and now Saudi Arabia’s fortunes threaten to turn again.
U.S. oil recovers to end at $40.45 after hitting milestone
U.S. oil prices recorded their eighth consecutive week of falls, the longest losing streak since 1986, after a sharp drop in Chinese manufacturing increased worries over the health of the world’s biggest energy consumer.
