WASHINGTON -- Oil consumption has fallen, demand from U.S. motorists for gasoline is flat at best and refiners that turn crude into fuel are operating well below capacity. Yet oil prices keep marching toward $90 a barrel, pushing gasoline toward $3 a gallon in many markets, and prompting American drivers to ask, "What gives?" Blame it on the same folks who brought you $140 oil and $4 gasoline in 2008: Wall Street speculators. More on Financial Crisis
Wall Street Speculators Driving Up Oil Prices
The Huffington Post News Editors, Huffington Post
Thu, 04/01/2010 - 5:45pm
RELATED ARTICLES
- Keystone XL pipeline to be delayed
TransCanada Corp. says the long-delayed Keystone XL pipeline will be in service months later than expected and cost more than its current $5.3 billion price-tag as it continues to await U.S. government approval. TransCanada had been sticking to its late 2014 or early 2015 start-up target, but the regulatory process has dragged on. More - Drivers benefit as oil prices drop sharply
A sharp decline in the price of oil this month is making gasoline cheaper at a time of year when it typically gets more expensive. It's a relief to motorists and business owners and a positive development for the economy. More - DealBook: Rising Bank Profits Tempt a Push for Tougher Rules
Steady earnings growth on Wall Street could embolden the lawmakers and regulators who want to overhaul the banking system. More - Nigeria tycoon 'plans $8bn refinery'
Africa's wealthiest man, Aliko Dangote, says he aims to invest up to $8bn in a major new oil refinery that would double Nigeria's current oil output. More - Exxon CEO's Compensation Rises to $40.2 Million
Exxon Mobil said CEO Rex Tillerson's total compensation rose 15% last year to $40.2 million. More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more