 oil “Do you think the president of the United States, going into re-election, wants higher gas prices?” President Barack Obama asked Fox correspondent Ed Henry at his first press conference of the year last week, in response to Henry’s question about what he thought about high oil prices. . . TAGGED: energy investment, global energy consumption, global oil market, oil speculation, oil prices, oil, gas prices, Minyanville, economyRECOMMENDED ARTICLES| Gasoline and heating oil prices are ratcheting up. In California, some motorists are paying over $5 per gallon. President Obama declared that “there is no quick fix” for this problem. Meanwhile, the hapless but... more ›› |
| The last time the price of Brent crude closed below $100 a barrel was Oct. 6, 2011. It’s since gone up nearly 30 percent, to a high of $126.20 on March 1. Tensions over Iran’s nuclear program have people spooked that a... more ›› |
| With the price for a regular gallon of gas topping $3.80 on Monday, angry politicians are blaming the higher prices on speculators and greedy oil companies. On Friday, President Obama announced that he was “making sure that my... more ›› |
| Natural gas production is booming, but prices for the stuff aren’t, which is problematic for investors who paid up for driller stocks last year. But it’s great news for fertilizer companies that put it into the ground... more ›› |
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