about 2.4 million barrels of refining capacity have been halted, roughly 15 percent of the nation’s total, according to figures from Platts, the energy information arm of McGraw-Hill Cos. The U.S. Gulf Coast is home to nearly half the nation’s refining capacity. "Fifteen percent looks small, but the impact is larger than meets the eye," […]
Modest Gains On Wall Street
New York, NY (Marketsblog) – Wednesday posted modest gains on the S and P 500 as a slew of earnings reports continuted to pour in. Strong large-cap tech firms pushed the NASDAQ composite index higher, although financials and energy stocks were on the downside. Microsoft added 1.20 after it said that it would not add […]
Be An Insider on the Big Oil Game
In the news for this week of April 10th, 2008 is the fact that the OPEC cartel oil ministers refused requests by the Bush Administration and European diplomats that the 13 nationalized companies that control 40% of the globe’s oil supplies pump more oil in order to increase supplies and thus lower fuel prices, especially […]
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