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A collection of news and information related to Petroleum Industry published by Tribune Company sources.
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Oil prices fall below $44 a barrel, gasoline below $1.80 a gallon in broad economic pullback
AP Energy WriterCOLUMBUS, Ohio (AP) — Oil tumbled below $44 a barrel Thursday and average gasoline prices slipped under $1.80 a gallon, both four year lows, as unemployment benefit claims hit a 26-year high and major companies announced more job cuts. The...Tags: Dupont E I Nemours & Company, Economy, Energy Resources, Energy, Unemployment
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ECB trims interest rate to 2.5 pct after Bank of England, Swedish Riksbank cut to 2 pct
AP Business WritersBRUSSELS, Belgium (AP) — Europe's central banks slashed borrowing costs aggressively Thursday to try and ward off a long recession triggered by the financial crisis. Their rate cuts tried to counter a slowdown that looks longer and deeper than...Tags: Money and Monetary Policy, Lloyds TSB Group Plc, Mortgages, Gordon Brown, Foreign Exchange Market
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Solar car completes 1st ever round-the-world trip, brings green message to climate talks
Associated Press WriterPOZNAN, Poland (AP) — If a solar-powered car can drive 32,000 miles (52,000 kilometers) around the globe without using a drop of oil, perhaps it can be forgiven for not having a coffee cup holder. Or maybe that makes Swiss adventurer Louis Palmer's...Tags: Ban Ki-moon, Daimler AG, Treaties, Global Warming, Trips and Vacations
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Solar car completes 1st ever round-the-world trip
Associated Press WriterIf a solar-powered car can drive 32,000 miles (52,000 kilometers) around the globe without using a drop of oil, perhaps it can be forgiven for not having a coffee cup holder. Or maybe that makes Swiss adventurer Louis Palmer's journey even more...Tags: Ban Ki-moon, Daimler AG, Treaties, Global Warming, Trips and Vacations
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The pirate's life on captive freighter: Card games, shared meals, tales of home with captives
Associated Press WriterMOMBASA, Kenya (AP) — For more than two months, Somali pirates and their hostages aboard a Greek cargo ship played cards, caught fish under the blazing sun, and swapped tales of home. By the time all 25 hostages were released unharmed last week, the...Tags: Family, Games, Defense, Firearms, Wars and Interventions
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Oil tumbles below $44 a barrel, gas hits new low
AP Energy WriterOil tumbled below $44 a barrel Thursday and average gasoline prices slipped under $1.80 a gallon, both four year lows, as unemployment benefit claims hit a 26-year high and major companies announced more job cuts. The unprecedented decline in energy...Tags: Dupont E I Nemours & Company, Economy, Energy Resources, Gymnastics, Energy
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Gold, other commodities fall; more signs of economic weakness spur fear of falling demand
AP Business WriterNEW YORK (AP) — Gold and other commodities prices fell Thursday investors extended their flight from the futures markets amid more signs of economic weakness. The dominating driver of the commodities markets in recent months has been the fear of...Tags: Money and Monetary Policy, Dupont E I Nemours & Company, Metal, New York Mercantile Exchange, Economy
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Bush rule change could make it tougher for Congress to block drilling, mining on public lands
Associated Press WriterWASHINGTON (AP) — The Bush administration is trying to make it tougher for Congress to block mining and oil and gas drilling on public lands. The Bureau of Land Management, which manages 258 million acres of federal property, stripped from its...Tags: National Government, Upper House, Barack Obama, Energy Resources, Land Resources
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Conservation group sues for agency's failure to act on petition to protect Pacific walrus
Associated Press WriterANCHORAGE, Alaska (AP) — A conservation group is going to court to force the federal government to consider adding the Pacific walrus to the list of threatened species. The Center for Biological Diversity sued the U.S. Fish and Wildlife Service and...Tags: Wildlife, Global Warming, Energy Resources, Endangered Species, Natural Resources
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We think: Timing is right for U.S. to restore influence in Latin America
Cast in the movies, Hugo Ch�vez and the Castro Brothers could be comedic foils to President George W. Bush. There's been much bickering and back-stabbing through the years, including the notorious "donkey" label that Mr. Ch�vez pinned on Mr....Tags: National Government, Economic Sanctions, Heads of State, 2008 U.S. Presidential Election, Foreign Aid
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AP Executive Morning Briefing
The top business news from The Associated Press for the morning of Thursday, Dec. 4, 2008: Automakers back to try to sell Congress on rescue WASHINGTON (AP) — U.S. automakers are returning to Congress for high-stakes hearings they hope will...Tags: Foreign Exchange Market, Economy, Baby Products, Games, and Toys, Electronics, Government
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Iran's economy hit by falling oil prices
Associated PressTEHRAN — Iran's hard-line president has acknowledged publicly for the first time that his country's economy is taking a severe beating from tumbling oil prices, a damaging admission by a leader whose popularity is eroding ahead of a tough re-...Tags: National Government, Commodity Markets, Heads of State, Government, Mahmoud Ahmadinejad
Dec 4, 2008
|Story| Associated Press
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|Story| Chicago Tribune
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