" Oil ministers signaled Tuesday on the eve of a crucial meeting that the Organization of Petroleum Exporting Countries has all but ruled out pumping more oil to ease record-high prices. Chakib Khelil, president of OPEC, said the 13-nation ...

He also renewed a call to stop making oil purchases for the Strategic Petroleum Reserve Fund, to cut demand. The Associated Press quoted McCain aides as saying his Senate staff was drafting a bill on the gas-tax-holiday proposal, which is ...

"As producer countries we think that the current supply is sufficient, that this balance in supply is in everybody's interests and that it shouldn't be disturbed, because the current rise in oil prices is in nobody's ...

Strategic Petroleum Reserve, established in underground salt caverns in Texas and Louisiana in the aftermath of the 1973-74 oil embargo, has been a political football since the beginning. In 2000, then-candidate Bush charged that President Bill ...

Big producers from the Organization of Petroleum Exporting Countries are expected to gain an ever-larger share of the market next year, as exports wane from non-OPEC suppliers such as Mexico and Russia ... But neither OPEC nor China provides ...

BP (formerly British Petroleum) merged with Amoco in 1998 and now owns 30. 1% of the BTC pipeline, while other ...

A knot of protesters gathered in front of the nearby American Petroleum Institute offices, saying, "No blood for oil ... "There were too many politicians in Washington who spent too little time reading the intelligence reports and too much time ...

But the situation is simply not the same with Exxon, and with all the world's petroleum production/refinement/distribution in the hands of five major and collaborating companies. It is essentially a megamonopoly, and becoming less and less regulated ...

The attack briefly sent prices rising on international petroleum markets ... -protected Green Zone on Thursday, firing several rounds of rockets or mortars that sent a huge plume of smoke above the heavily fortified area in central ...

The attack briefly sent prices rising on international petroleum markets ... -protected Green Zone on Thursday, firing several rounds of rockets or mortars that sent a huge plume of smoke above the heavily fortified area in central ...

There is a finite amount of petroleum in the world ... In the same way that Linux, MAC and other OS for computers create competition that drives prices down on MS Windows, and forces Microsoft to build better products, Bio diesel, ethanol, hydrogen fuel ...

  What would that be for the entire world?  Where will all those bottles go?  They will not degrade for eons (they will long outlive our best built buildings), and they are basically petroleum products to boot.   And keep in mind just ...

  The comment you quote was a rebuttal to McCain's contention that the oil companies merely have to open the spigots to increase the petroleum supply.   You may agree that it counters McCain's assertion (on the grounds that ...

" As a raging, conniving, acquisitive petroleum pioneer caught up in California's oil boom of the early 20th century, Day-Lewis won for a part that could scarcely have been more different than his understated role as a writer with severe cerebral ...

So almost 30 years ago we knew what was going to be inevitable if didn't act: we would run out of petroleum in the next few generations, and in the process we would destroy our environment while at the mercy of the remaining oil producers in control of ...