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BG Group sees profits soar on strong gas price

BG Group, the oil and gas group that is bidding for Australia's Origin Energy, has reported a 67 per cent leap in operating profits in the first half of the year, largely due to higher prices for gas and oil and higher production volumes, particularly of liquified natural gas.

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Why Democrats Do Not Want Lower Gas Prices

Why Democrats Do Not Want Lower Gas Prices- They want you and I to driving battery operated vehicles that average only about 60 or so miles until needing a recharge. Limousine Driving, private jet flying Democrats, who have wages high enough not to be bothered by gasoline and heating oil prices, want the rest of [...]

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Oil Company Earnings Reports: Flat production, Higher Share Repurchases

We might want to keep this in mind while the Oil Giants and their allies like Rep. Dean Heller (R-NV2) are trying to make the case for drilling in wildlife refuges: “ The five biggest international oil companies plowed about 55 percent of the cash they made from their businesses into stock buybacks and dividends last year, up from 30 percent in 2000 and just 1 percent in 1993, according to Rice University's...

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Fmr. NYTimes Editor on Exxon and Gas Price Coverage

Is ExxonMobil CEO Rex Tillerson a PR juggernaut who takes advantage of the ideological innocence of general assignment and TV reporters? In his regular column at Portfolio magazine, former NY Times editor Howell Raines observes that market ideology and the absence of an energy beat ( see this post ), are combining to give the oil companies a free pass when it comes to news coverage of gas prices....

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Gas Prices Begin to Dip Below $4 on Oil's Decline

Several weeks after the price of oil began to drop from its all-time record, drivers are finally starting to feel some relief at the pumps.

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Amazon shrugs off high gas prices, weak economy (AP)

NEW YORK - Amazon.com Inc. doesn't seem to be bothered by high gas prices or the sputtering U.S. economy. On Wednesday, the Internet retailer reported second-quarter earnings that more than doubled and easily topped analysts' expectations. It also raised its full-year revenue projections. The Seattle-based company's shares jumped $6.04, or 8.6 percent, to $76.58 in after-hours trading, after finishing...

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Get the Lowest Gas Prices Right On Your iPhone

Apple is featuring a new web application for your iPhone or iPod Touch that finds the lowest gas prices from gas stations in your area. Just select a fuel grade and enter in a zip code.

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Damn high gas prices!

Hi Brit, As I suspect you’ve noticed, gas prices have gone up sharply, even dramatically, in the last few weeks. While my fellow Americans are bitching and moaning about the insane cost at the pump and the related increase in most products, I have it on poor authority that we are not the only ones hit [...]

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Gas prices slip below $4 in Indy

It may not last long, but gas prices have slipped below the $4 mark in Indianapolis for the first time in five weeks.

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Stuart Varney Lies in Plain Sight While Pimping for the Oil Companies [News Hounds]

There are times when Fox leaves me speechless. Speechless at its gall and utter lack of integrity and at the extent to which it counts on its audience being dumb as dirt. Here's why: On Monday's Your World w/Neil Cavuto, the first "segment" was a report by Fox weather woman Domenica Davis about hurricane Dolly....

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Council backs taxi gas surcharge

Members of the City Council called on the Taxi and Limousine Commission yesterday to institute a $1 gas surcharge on all fares as long as the price of gasoline stays above $3.50 a gallon.

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Amazon shrugs off high gas prices, weak economy

Amazon.com Inc. doesn't seem to be bothered by high gas prices or the sputtering U.S. economy.

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Amazon shrugs off high gas prices, weak economy

Amazon.com Inc. doesn't seem to be bothered by high gas prices or the sputtering U.S. economy.

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Letters: Shall I Compare Thee to the Price of Gas?

To the Editor: Related (July 19, 2008) Re “Eyes Off the Price” (Op-Ed, July 19):Dan Ariely might have mentioned a far more compelling factor in our shock at gas prices: there is no simple substitute for gasoline. For short- or mid-range travel, most Americans have no alternative to taking the car and paying for gas.When the price of butter goes up, we might switch to margarine, or olive oil, or jelly,...

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Finally! Gas prices are dropping

I hate to be one of those people that say I told you so but I predicted this would happen back on May 22nd when I wrote: It's Supply and Demand Stupid! Here is the story from cbs2chicago.com: CHICAGO (CBS) ― Finally, there's some good news about gas prices. They've dropped nationwide by about a nickel, and as CBS 2's Susan Carlson reports, analysts are predicting even bigger drops through the rest...