oil companies

Oil companies once viewed drilling in the deep waters off Florida as cost prohibitive. Politicians feared even the slightest sign of support would be career suicide.

Oil companies once viewed drilling in the deep waters off Florida as cost prohibitive. Politicians feared even the slightest sign of support would be career suicide.

South Carolina fuel distributors must have access to pure gasoline needed to make their own ethanol blends under a law that supporters say is first in the nation and will save customers at the pump.

After five grueling years of war, Iraq's most cherished prize — its mammoth hydrocarbon reserves — might finally be within reach of Western oil companies.

The U.S. Interior Department's royalty rate for deep-water drilling in the Gulf of Mexico is 18.75%-up from 12.5% two years ago.This move helped the government take in $7 billion in offshore royalties, rents and bonuses from oil companies drilling in U.S. waters last year.The government's take would undoubtedly increase......

Four Western oil companies are in talks with Iraq’s Oil Ministry for no-bid contracts to service the country’s largest fields.

Setting the tone expected for the world's big oil companies, ConocoPhillips said Thursday its first-quarter earnings benefited mightily from record crude prices to start the year, though those same high levels squeezed results at its refining operations.

Much has been written about this problem, but it seems as though large groups of the general public either doesn't care or wants to defend the oil companies.

Is it because they know they have been duped? Everyone wants to think they are smarter than that, but I think we have all been fooled.

And it makes me a little angry.

Top executives of the five biggest U.S. oil companies said Tuesday they know high fuel prices are hurting consumers, but deflected any blame and argued their profits — $123 billion last year — were in line with other industries.

Top executives of the five biggest U.S. oil companies were pressed Tuesday to explain the soaring fuel prices amid huge industry profits and why they weren't investing more to develop renewable energy source such as wind and solar.