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0The U.S. is exporting oil products, so why is the price of gas still high? 1339110000
It has always been the habit of the party that doesn't occupy the White House to blame various ills on the party that does. Especially in the past few years when it has come to gas prices, the party-in-waiting has blamed the POTUS for "pain at the pump." We're not taking sides here – ...
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Video: Presidential candidate Bachmann promises gas under $2.00/gallon if elected 1313616600
How's this for bold? Congresswoman Michell Bachmann, a candidate for the Republican presidential nomination who won the Ames Straw Poll last weekend, has just stated that one thing we'd get with a Bachmann Administration is – ready? – cheap gasoline. According to Politico she ...
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Report: High oil prices see sheikhs on supercar-buying binge 1310138940
Bloomberg is reporting that the sale of high-end and exotic cars in countries like the United Arab Emirates may swell by as much as 20 percent this year. The reason? Civilized countries just can't seem to kick their thirst for gasoline, and as a result, the price of a barrel of crude oil ...
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Report: Saudi prince worried over increasing fuel economy standards and technology 1307138160
This may sound surprising, but Saudi Prince Al-Waleed bin Talal has gone on record saying he wants the price of oil to decrease. Why's that you ask? It's all about the long-term game, says the Saudi Royal Family's stock market and real estate magnate. In a recent interview with "CNN's Fareed ...
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AP looks into what factors determine gas prices 1299877200
With summer just a few precious months away, most Americans are already bracing for some of the steepest fuel prices in years. According to the Associated Press, unrest in places like Libya has seen the average price tag on a gallon of gasoline rocket skyward by 38 cents per gallon, or around 15 ...
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Wikileaks: U.S. believes Saudi Arabia is running out of oil 1297283040
Peak oil, according to Wikipedia, is the point in time when the maximum rate of global petroleum extraction is reached, after which the rate of production enters terminal decline. Opinions vary on when the world will actually reach a peak oil scenario, but a new report detailed by Julian ...
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DOE: Oil will average $99/barrel by end of 2012; gas $3.29 per gallon 1296574260
According to the DOE's Energy Information Administration (EIA), crude oil prices are expected to steadily increase over the next two years, hitting $99 per barrel by the end of 2012. Tightening of world oil markets, along with a growth in consumption, will continue to drive oil prices up from the ...
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Kuwaiti Oil Minister reportedly says OPEC won't increase production until prices hit $100/barrel 1244753820
America might get most of its oil from Canada, but the moves that OPEC makes still reverberate here. Thus, a statement by the Kuwaiti Oil Minister Sheikh Ahmed al-Abdullah al-Sabah to reporters yesterday probably won't help decrease domestic gasoline prices any time soon. OPEC's al-Sabah said that ...
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Interactive map reveals our global oil useage by barrel, money 1231599720
The Rocky Mountain Institute has created a nifty interactive map that shows you where the U.S. gets its oil from, along with how much - and who - the U.S. pays for its oil. Based on the thickness of the lines, you can see just how much black stuff is coming from where. The map goes as far back as ...
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The NYT chimes in: time for a gas tax 1230487440
Can you hear that? Those are the war drums, and more and more of them are beating the same tune: bring on the gas tax. An editorial in The Gray Lady is the latest and arguably the weightiest to join the shock troops advocating for higher gas prices. The writer proposes a fluctuating consumption tax ...

