Dec 30 Think you know how oil prices work? By Simone Pathe A new working paper from the National Bureau of Economic Research remodels the relationship between oil prices and production, suggesting that the actual pressure inside the wells dictates the pace of extraction more than price swings. Continue reading
Nov 28 Watch How will plunging oil prices affect the economy? By PBS News Hour The price of oil dropped to a four-year low after the OPEC cartel decided not to cut production levels. Judy Woodruff speaks with Kevin Book of ClearView Energy Partners about the national and global consequences of cheap gas and for… Continue watching
Nov 04 U.S. oil drills slow as crude prices drop By Rebecca Jacobson, Inside Energy Oil prices in the U.S. dropped 3 percent on Tuesday, putting U.S. crude at $76.45 a barrel. That’s the lowest price since October 2011, according to Reuters. Continue reading
Jul 03 Watch News Wrap: Egypt's Political Crisis Causes Spike in Oil Price News Wrap: Egypt's Political Crisis Causes Spike in Oil Price… Continue watching
Jun 09 Watch Unusual Dispute Within OPEC Pushes Oil Prices Even Higher What does the dissent within the ranks of the oil-producing nations in OPEC mean for oil prices in the U.S.? Margaret Warner discusses the turmoil at OPEC summit this week with Ed Crooks of The Financial Times. Continue watching
Jun 03 Obama Seeks Saudi King's Counsel on Eve of Address to Muslim World By PBS News Hour President Barack Obama began his latest effort to open a dialogue with the Muslim world with a visit to King Abdullah of Saudi Arabia on Wednesday. Continue reading
May 25 Watch Summer Travelers Witness Another Rise in Gas Prices As crude oil costs climb higher, summer travelers are watching the price of gasoline increase. Analysts examine the factors pushing oil prices up. Continue watching
Jul 28 Nigerian Militants Renew Oil Pipeline Attacks By PBS News Hour Nigeria's main militant group in the oil-rich Niger Delta region claimed responsibility for two oil pipeline attacks Monday, less than a week after officially calling off a cease-fire on pipeline sabotage… Continue reading
Jul 09 Why are many oil-producing countries still unable to solve their chronic poverty problem? Question/Comment: With the record world petroleum prices, why is it that many oil-producing countries, such as Mexico, Venezuela, Nigeria, are still unable to solve their chronic poverty problem? Shouldn't the oil boom generate more jobs for the masses… Continue reading
Jul 03 Watch Economy Burdened by Job Losses, Slipping Sales, Oil Costs The Labor Department announced the sixth consecutive month of job cuts Thursday as employers cut 62,000 workers, further fueling U.S. economic concerns. Analysts examine the news. Continue watching