New technology and a little-known energy source suggest that fossil fuels may not be finite. This would be a miracle-and a nightmare ( Read more... )

Oil steady amid OPEC talks of more output cuts

Oil prices stayed above $37 a barrel Monday in Asia as OPEC members talked up more production cuts over the weekend amid weakening global demand for crude.

Light, sweet crude for March delivery fell 6 cents to $37.45 a barrel by midday in Singapore on the New York Mercantile Exchange. The contract rose $ ( Read more... )

OPEC ends Cairo meeting without new output cuts

OPEC held off on announcing new oil output cuts on Saturday, but its alarm over falling demand and a slumping economy potentially laid the groundwork for a big reduction when it meets again in a matter of weeks.

Chakib Khelil, Algeria's oil minister and the group's president, said the Organization of ( Read more... )

This Iran calls for deep cut in oil productionQuote: " Iran on Thursday called on OPEC to slash oil production by a daily 2 million barrels to stop a steep slide in prices that has left crude at its cheapest since last summer ( Read more... )

Saudis Vow to Ignore OPEC Decision to Cut Production ( Read more... )

Today I left the house with gas at around $3.60 a gallon. When I got home, it was $3.97. Now I know why:

OPEC Says it Will Cut Oil ProductionIn an unexpected decision made after a six-hour meeting that lasted well into the night, the OPEC oil cartel said it would reduce its oil production by about half a million barrels a day in a bid to stem a ( Read more... )