Oil News Around the Web

Big government, not Big Oil, is the big problem

Every time you fill up your 16-gallon gasoline tank, records suggest that companies like Exxon Mobil Corp. profit about $1.44 from your purchase. However, at the same time, from that same fill-up, the federal government receives $2.94, and Trenton pockets $2.32. The government is taking more than three times as much as the oil companies, and there's movement to add even more.

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Oil Futures Climb as Dollar Slides

U.S. crude oil prices closed more than $2 higher Friday, as the third straight drop in U.S. payrolls pushed the dollar down, drawing investors into commodities.

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Oil Rebounds After Decline

Crude oil futures rebounded this Friday in Bangkok, Thailand. The futures fell by $1 last night but the dollar stabilized, encouraging investors to sell. Previously, investors had been buying crude as a hedge against inflation.

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Oil prices spike near 106 dollars as US currency slides
Oil prices jumped close to 106 dollars on Friday as investor sentiment was driven by the weak US dollar, tight energy supplies and more bad news on the US economy, analysts said.

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South Texas Oil Company to Present at IPAA OGIS Small Cap Conference
South Texas Oil Company today announced that it will be a presenting company at the Independent Petroleum Association of America's (IPAA) Oil & Gas Investment Symposium in New York.

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Oil jumps as investors pour money back into commodities amid interest rate talk

Oil jumped as investors poured money back into commodities on expectations of an interest rate cut in the United States and in hope that raw materials will provide them with a useful hedge against wider market weakness.

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Venezuela's Congress OKs "windfall" oil tax

Venezuela's Congress on Thursday gave initial approval to a windfall oil tax that extends leftist President Hugo Chavez's campaign to increase government revenue from the OPEC nation's oil industry.

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Big Oil on the Grill

Energy companies are becoming progressively more vital to the maintenance of our modern lifestyle. That very fact renders them crucial for inclusion in virtually any portfolio.

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