(http://www.star-telegram.com/business/story/820062.html)
Aug. 09, 2008
WASHINGTON — Oil prices fell Friday by almost $5 a barrel to $115.20 and are down more than 20 percent from their early July record high of more than $147, a trend that’s triggering a sudden boom in stock prices and giving the U.S. economy its best news in months.
Energy analysts cautiously believe [...]

Popularity: 25% [?]

If you enjoy our post, feel free to subscribes to our rss feeds

Obama made a big speech in Lansing, Michigan, on our energy dependence and need to move away from foreign oil.

Without a doubt, this addiction is one of the most dangerous and urgent threats this nation has ever faced - from the gas prices that are wiping out your paychecks and straining businesses to the jobs [...]

Popularity: 34% [?]

If you enjoy our post, feel free to subscribes to our rss feeds

Traders are worried about oil prices and the health of the US economy

Global stock markets have suffered a sell-off sparked by concerns about the global economy and crude oil prices which have hit a new record.
New York’s Dow Jones closed down 0.93%, or 106.9 points, at 11,346.51 as the cost of oil [...]

Popularity: 30% [?]

If you enjoy our post, feel free to subscribes to our rss feeds

By Sue Kirchhoff, USA TODAY
WASHINGTON — Federal Reserve Gov. Frederic Mishkin said Wednesday that he would resign from the central bank at the end of August to return to his Columbia University teaching post.
His surprise announcement leaves an already short-staffed central bank even more depleted in the midst of the most challenging economy in decades.
With [...]

Popularity: 54% [?]

If you enjoy our post, feel free to subscribes to our rss feeds

Oil prices have risen relentlessly this year

The price of a barrel of oil has risen above $120 for the first time, driven by concerns about the situations in Nigeria and northern Iraq.
US light sweet crude rose to a record of $120.36 a barrel in morning trading in New York before falling back to a [...]

Popularity: 71% [?]

If you enjoy our post, feel free to subscribes to our rss feeds