Oil

Thieves Increasingly Drilling Into Fuel Tanks To Steal Gas

Posted by Jeff from Huffington Post

Sign of Bush Cheney economy? While gas station drive-offs and siphoning are far more common methods of stealing gas, reports of tank and line puncturing are starting to trickle into police departments and repair shops across the country. Some veteran mechanics and law enforcement officers say it's an unwelcome return of a crime they first saw during the Middle East oil embargo of the early 1970s.

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Squawk Box Guest Warns of $12-15-a-Gallon Gas

Posted by Damianmann

It may be the mother of all doom and gloom gas price predictions: $12 for a gallon of gas is "inevitable." Robert Hirsch, Management Information Services Senior Energy Advisor, gave a dire warning about the potential future of gas prices on CNBC's May 20 "Squawk Box". He told host Becky Quick there was no single thing that would solve the problem, due to the enormity of the problem.

In other words...BUY A SCOOTER

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The Future of Oil

Posted by Jeff from New York Times

To many experts, the steadily rising price underscored longer-term fears about the future of a system that has supplied cheap oil for more than a century. "This is the market signaling there is a problem,"

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Pew Research Center: Help from Hugo Chavez: Free Heating Oil for Needy U.S. Families

Posted by tommyg from Pew Research

While Bush seems unable to help our poor people, his arch enemy Hugo Chavez steps in. How humiliating is that for Bush.

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Oil Execs Make Fools of Congress and American Taxpayers

Posted by Jeff from Grist

Executives from five huge oil companies were questioned by members of Congress Tuesday amid frustration over high oil and gasoline prices. Big-wigs from BP, Chevron, ConocoPhillips, ExxonMobil, and Royal Dutch Shell did their best to eschew blame for high prices while explaining that they still need billions of dollars in subsidies.

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Five years after the invasion of Iraq: A debacle for US imperialism

Posted by Sandyenglish

Five years after Washington inaugurated its “shock and awe” campaign, striking Baghdad with cruise missiles and precision-guided bombs, it has become abundantly clear that the war of aggression against Iraq has produced the greatest geo-political disaster in American history.

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World |Kosovo Serbs seize UN courthouse

Posted by theangryindian from BBC News

Hundreds of Kosovo Serbs have taken over a UN courthouse in the northern Kosovo town of Mitrovica, raising a Serbian flag to replace the UN's.

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