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High gas prices mean fewer Canadians on the road
Once oil prices began to skyrocket and Canadians accepted the high prices were here to stay, it was only a matter of time before they started to cut back their gas consumption. Statistics Canada reports... Venezuela and Belarus agree on long term oil pact
After visiting Moscow, Venezuelan President Hugo Chavez called on Belarus to increase oil cooperation. President Chavez promised counterpart Alexander Lukashenko that Venezuela "will supply Minsk with its oil... Gas Pumps Cheated Drivers, Investigation Finds
AUSTIN, Texas -- A company that operates gas stations in several states, including Colorado, has caught the attention of Texas officials, who claim the company is ripping off drivers at the pump. Authorities say a... U.S. and China to go to war over oil
Andy Grove, retired founder of Intel, is worried. He sees the US using 25% of all the worlds energy with only 5% of the world's population. With China destined to become the world's largest economy in the... Vancouver City Workers Rupture Terasen Natural Gas line: no evacuation?
City workers digging along the 300 block of East 1st Avenue this morning have ruptured a Tersan gas line. Crews abandoned their equipment and retreated as loud hissing of gas and the acrid stench of natural gas... Gas prices 'to go up by 70%'
"Gas prices are likely to soar, then remain high, it is reported. Channel Four News said it had seen an internal report for the company Centrica which suggested gas prices could rise by 70%. "This is going to hit the people hard. And definitely, I believe consumers will...Chavez says US relations unlikely to improve under an Obama presidency
Some analysts have wondered whether Venezuela-US bilateral relations would improve under a Barak Obama presidency. A recent article by Christian Science Monitor expressed such dull conclusion. However, Chavez himself has rejected any change in his critical stand against...Sovereign funds fly out dollar deposits
In reaction to growing US dollar weaknes, some sovereign wealth funds decided to reduce their exposure to that currency. According to the following FT article "Behind the scenes, fund officials are questioning the credibility of the Federal Reserve and US Treasury in... Drive Free for 2,400 Miles on Plasma
With gas and diesel prices in the United States higher than ever, many Americans are struggling to find ways to pay for fuel. Some are turning to plasma — selling their plasma, that is.By selling their blood plasma, healthy Americans can help their fellow man and help... Brazilian Petrobras oil workers on strike
Brazilian oil workers form Petrobras started a five day strike over the improvement of offshore working conditions. They intend to disrupt activities at the 42 oil fields at Campos basin which accounts for 80% of Petrobras production. It is unclear what would be the impact of... V Petrocaribe Summit in Venezuela (Updated)
Updates: On Sunday 13 July 2008 and during the V PETROCARIBE Summit, Guatemala formally joined the Caribbean oil alliance. PETROCARIBE also agreed to improve payment system. It reduced to 40% the immediate down... Dad Sells Baby's Name for $100 Gas Card
"An Orlando man has traded the naming rights to his unborn son for a $100 gas card.David Partin recently heard that a local radio station was giving $100 worth of free gas to the listener who called in with the most...Orlando Dad Gets Gas by Trading Son's Name
A dad in Orlando really needed money to buy gas - so he offered the right to name his unborn son to a local radio station.Radio hosts Richard Dixon and J. Whilloughby took up the challenge and named the baby - Dixon... Oil Fears Motivate U.S. Airlines to Write "Open letter to All Airline Customers"
If any of the major U.S. airlines have your email address in their databases, there's a good chance you recently received a letter asking you to help them fight "thousands of lost jobs and severe reductions in air... Bush and Congress blame each other for soaring oil prices
In a dispute over the cause of current American recession, President Bush and Congress blame each other for oil soaring prices. While Republican Bush asked Congress to approve a bill to promote domestic oil exploitation, Democrat Senators asked him to release strategic petrol...
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