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Obama Says He Wants Oil Producers to Boost Output

WASHINGTON -- As the high cost of gasoline takes a toll on politics and pocket books, President Barack Obama said Tuesday he is calling on major oil producers such as Saudi Arabia to increase their oil supplies to help stabilize prices, warning starkly that lack of relief would harm the global economy. "We are in a lot of...

Gas Prices Loom as Re-Election Obstacle for Obama

WASHINGTON - With gas prices climbing and little relief in sight, President Barack Obama is scrambling to get ahead of the latest potential obstacle to his re-election bid, even as Republicans are making plans to exploit the issue. No one seems more aware of the electoral peril than Obama himself. "My poll numbers go up...

Obama Pumps Plan to Develop Renewable Energy

WASHINGTON -- President Barack Obama says one answer to high gasoline prices is to spend money developing renewable energy sources. "That's the key to helping families at the pump and reducing our dependence on foreign oil" in the long term, he said Saturday in his weekly radio and Internet address. Obama raises the...

Obama Says New Task Force Will Examine Gas Prices

LOS ANGELES -- President Barack Obama said Thursday that the Justice Department will try to "root out" cases of fraud or manipulation in oil markets, even as Attorney General Eric Holder suggested a variety of legal reasons may be behind gasoline's surge to $4 a gallon. "We are going to make sure that no one is taking...

BP Is Looking Strong a Year After Gulf Oil Spill

NEW ORLEANS -- It's hard to tell that just a year ago BP was reeling from financial havoc and an American public out for blood. The oil giant at the center of one of the world's biggest environmental crises is making strong profits again, its stock has largely rebounded, and it is paying dividends to shareholders once...

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06/02/12 Greener U.S. Navy dealt a setback Source: Milwaukee Journal Sentinel - Milwaukee WI The U.S. Navy's energy security plan for a greener fleet that relies less on imported oil and more on domestic renewable biofuels has been dealt a setback in Congress, as Republican senators voiced concern about the price of biofuels not being competitive with petroleum.
06/02/12 Get Paid to Bet on Rising Energy Prices Source: Morningstar The charts below show how much the average implied volatility for each sector differs from its trailing-three-month and trailing-one-year averages for U.S.-listed equity options (vertical bars, indexed on the right-hand scale), the change in implied volatility from week to week (dark blue line, indexed on the left-hand scale), the implied correlations of small- and large-cap stocks, and the relationship of implied volatility across size and value stocks.
06/02/12 UK Chancellor demands massive cuts to windfarm... Source: OneWorld Plans for dramatic cuts in government subsidies for onshore windfarms are being drawn up by the Treasury in a move that seriously undermines David Cameron 's claim to be running "the greenest government ever".
06/02/12 An Initiative that Pays Source: Newswatch The past one year of the administration of President Goodluck Jonathan, has been that of a marathon race, unprecedented moves at jockeying and juggling policies to strengthen the socio-economic fabrics of the country.
06/02/12 Report: Wash. state now has highest gas prices in... Source: ABC - KOMO 4 - Seattle WA Washington state now has the highest average gas prices anywhere in the lower 48 contiguous states, surpassing even California, the AAA reports.