News Wrap: Romney Insists Americans Would Fare Better Under His Presidency…
A Canadian company wants to build a $13 billion, 1,700-mile pipeline to carry crude oil from the so-called tar sands region in Alberta through six states and a major aquifer to Texas for refining. Correspondent Tom Bearden reports from Nebraska…
In other news, the Labor Department reported that jobless claims fell, and orders for high-cost factory goods and new home sales rose in April.
As crude oil costs climb higher, summer travelers are watching the price of gasoline increase. Analysts examine the factors pushing oil prices up.
Question/Comment: I would like to understand how speculators affect the price of crude oil. I’d like to know who these people are (in general) and how they operate. Paul Solman: I’m on record on this page (and elsewhere)…
By Admin, PBS NewsHour
As oil soared to a record-high $127 a barrel on Friday, Saudi Arabia's leader rebuffed appeals by President Bush to increase oil production, saying they did not see enough demand to warrant increased output.
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