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Republican Presidential Candidate John McCain is at his wits end. With the economic crisis dominating headlines and people thinking first and foremost about their wallet suddenly what was until recently a close election with Messer McCain leading for...
Oil producer Occidental Petroleum Corp. says its second-quarter profit rose 62 percent as record crude prices and higher production propelled results.The Los Angeles-based company said Thursday it earned a record $2.29 billion, or $2.78 per share, in the...
XTO Energy Inc. said Tuesday it is acquiring privately held Hunt Petroleum Corp. for $4.19 billion in cash and stock in a deal made more attractive by high oil and gas prices.XTO Energy said the deal includes $2.6 billion in cash and 23.5 million shares...
China has added another feather to its cap of being home to emerging global giant industries with the state owned PetroChina becoming the world’s largest oil producing company on Monday. The company became the first in the world to attain a market cap...
While developing new ways to utilize cleaner, greener energy is always welcome, it is equally important to find new ways to save up on petroleum – Which is exactly what 2 Michigan based construction companies are doing. They are melting down old...
Heavy increase in price of petroleum is a worldwide problem, having an adverse effect on price of all the products in general. Transportation charges have increased causing every good or service to be less affordable. Specially, food items and travel...
The world is scrambling around trying to find new ways and sources so as to ensure that its dwindling energy sources do not dry out completely one fine morning. While it is very much a reality that the natural gas and petroleum resources are going to...
Who knew a couple of years ago that restaurant waste can be crafted into a fuel to run cars...? This is not the waste leftover by you in your dinner but the normal vegetable oil used in restaurants. This waste can be skillfully crafted into a fuel...
The Senate rejects another two additions coal-to-liquid proposal bill by huge margin amid the growing concern of increasing global warning.
The bill, which proposed to liquefy the coal to meet with the scarcity of petroleum, got sarcasm from the...
A scientific breakthrough in the renewable energy arena is surely going to make this possible! Finally, scientists will be able to replace crude oil as the root source for plastic, fuels and scores of other industrial and household chemicals with...
China plans to halt all its efforts to make oil from coal due to its high expense and energy demands, however one plant that is being built by state-owned Shenhua Group Corp. Ltd. would be allowed to proceed with its construction of a...
The US Senators have presented a new bill, the Ethanol Education and Expansion Act of 2007, in the senate for the promotion of Ethanol (E-85). As Ethanol is a homegrown renewable fuel, it reduces the scarcity and dependence on foreign oil.
The bill...
After ignoring the Dec. 23, 2006, resolution of the U.N. Security Council, Iran has expanded its nuclear enrichment program however; the UN Security Council is trying to reach agreement on the next stage of sanctions to be imposed.
Last December,...
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Drilling operations at the Doyon Rig 19 at the Conoco-Phillips Carbon location in the National Petroleum Reserve, Alaska, are shown in this undated photo. The federal Bureau of Land Management is planning another lease sale in Alaska’s National...
