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Rising Oil Prices Beginning to Hurt US Economy

WASHINGTON - Just when companies have finally stepped up hiring, rising oil prices are threatening to halt the U.S. economy's gains. Some economists are scaling back their estimates for growth this year, in part because flat wages have left households struggling to pay higher gasoline prices. Oil has topped $108 a...

Obama: Shift From Imported Oil, New Jobs Will Come

WASHINGTON -- President Barack Obama says shifting the U.S. away from imported oil and toward cleaner forms of energy will add momentum to a trend that has led to 1.8 million new jobs in the past 13 months. Obama used his weekly radio and Internet address Saturday to promote his ideas for bringing down gasoline prices by...

US 'Tightening Noose' on Libyan Leader, Obama Says

WASHINGTON -- President Barack Obama declared Friday that a no-fly zone over Libya to keep Col. Moammar Gadhafi from attacking rebels in his country remains a possibility as "we are slowly tightening the noose" around the Libyan leader. But Obama stopped short of moving toward military action. "The bottom line is that I...

Opinion: There's No Silver Bullet for High Gas Prices

American motorists can't be blamed for viewing the current jump in gasoline prices as a potential precursor to even bigger problems down the road. Major oil disruptions in the Middle East have historically led to higher inflation, unsustainable negative balances of trade and recessions -- all in addition to the aggravation...

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THE HUFFINGTON POST - BUSINESS

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06/02/12 âCrisisâ Shouldn't Be An Excuse With The Oil Boom... Source: Say Anything Governor Jack Dalrymple commissioned a study looking at the impact of the oil boom on schools in western communities with the intent to come up with a plan for funding.
06/02/12 Slowing economy sends gas prices lower Source: NBC - 11 News KKCO - Grand Junction CO At least two states had stations selling gas for $2.99 on Friday and it could fall below $3 in more areas over the weekend.
06/02/12 Homs and businesses experiencing power cut Source: The Argus - Brighton - East Essex - UK A power cut is affecting dozens of homes and businesses in Rottingdean.
06/02/12 Natural Gas Weekly Fundamental Analysis June 4 â 8,... Source: ForexTV.com Natural gas is nevertheless a major commodity in its own right, which is used for everything from cooking food to heating houses during the winter.
06/01/12 Report has options to cut blackouts in Texas Source: Austin American-Statesman A long-awaited consultant's report offered several options but no silver bullet for the threat of electricity shortages for Texas or higher wholesale prices during times of peak demand.