A look at the world's major oil producers, many of them politically volatile places already pumping at near capacity, suggests the latest market fluctuations have deeper causes. » Global Oil Trends
Soaring gasoline and oil prices are encouraging many to seek out alternative fuel sources. One such means is ethanol, a clean-burning, high-octane fuel produced from crops such as corn. On April 25, 2006 President Bush announced a four-part plan to confront rising energy prices.
CAIRO, Oct. 9 -- The oil-rich princes and financial titans of the Persian Gulf went into the week touting their immunity from the financial turmoil of the West, but stock markets in the region ended it posting sharp losses.
NEW YORK, Sept. 29 -- Without a federal bailout plan to prop up confidence in the U.S. financial system Monday, stocks fell sharply around the globe, oil sank, gold soared and yields on government debt skidded closer to zero as traders ran from risk and sought safe-haven investments.