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EIA

Oil prices fall as Iran crude tanker exports surge, U.S. adds more rigs

Oil prices fell on Monday as increased exports from Iran undermined efforts by other oil producers to curb a global fuel supply overhang and as U.S. drillers increased activity for a 10th straight week. Brent crude futures LCOc1, the international benchmark for oil prices, were trading at $56.84 per barrel at 0535 GMT (00.35 a.m.

In Draft Platform, Democrats Bare Their Souls (And Teeth)

Tim Benson, Political platforms are not meant to be taken as anything other than aspirational documents. They make a brief appearance at party conventions and then sit on a shelf and collect dust for four years until the next presidential election comes along. One of the few things platforms do accomplish is they put on

Retail gasoline prices in the U.S. climbed for the third time in four weeks

Boosted by the crisis in Iraq that sent oil futures surging.  The pump price averaged $3.686 a gallon today, up 1.2 cents from a week earlier, data posted on the Energy Information Administration’s website show. Oil, which accounts for two-thirds of the retail price of gasoline, gained $2.49 a barrel on the New York Mercantile

Memorial Day Travel: American Families Pay at the Pump

Ken Blackwell  Summer is officially upon us, and millions of American families will soon be embarking on their annual trips to the beach, the mountains, the lake, grandma’s house, or any other of the fantastic destinations our country has to offer. The beginning of “summer driving season” is also a time when many Americans turn