In an effort to diversify further into natural gas and to expand its global holdings, ConocoPhillips recently inked an agreement with the Abu Dhabi National Oil Company. The plan is for ConocoPhillips to share in the development of the Shah Gas Field. The Motley Fool reports on the details of the deal:
Could a Gas Tax Holiday Help Big Oil Profits? Written By: Miranda Marquit 2008-05-07 11:08:01 In an effort to pander to voters outraged by the rising cost of gasoline, John McCain and Hillary Clinton are both behind a gas tax holiday. They claim that by getting rid of the gas tax between Memorial Day and Labor Day, Americans could save money, thereby easing the pressures on household finances.
Crude Oil Prices Mix Up the Stock Market Written By: Miranda Marquit 2008-06-20 13:22:06 Photo: jpchan, Creative Commons, Flickr
After easing up a bit, oil prices are back on the rise, and nothing the Saudis say about increased production and a meeting with producers and consumers seems to be stopping the gains. As a result, the broader stock market is down (helped along by additional worries over the continuing credit market crisis), and even the energy sector is seeing some setbacks.
