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Doubts raised on Bolivia energy company
Aug 13 2006 10:26PM (CT)
LA PAZ, Bolivia (AP) - Bolivia's decision to suspend an ambitious plan to nationalize its oil and gas industry has reinforced doubts about the ability of its state-run energy company to manage the country's extensive gas reserves.
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Gas prices inch up to hit another high
Aug 13 2006 9:38PM (CT)
CAMARILLO, Calif. (AP) - Nationwide gas prices hit yet another record in the last three weeks, rising just over one cent to nearly $3.03 per gallon, according to a survey released Sunday.
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Wall Street is back on inflation watch
Aug 13 2006 3:29PM (CT)
NEW YORK (AP) - Investors got their long-awaited pause in interest rate hikes from the Federal Reserve last week. But perhaps they should've looked up the definition of the word "pause" before wishing so hard.
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Venezuela won't push for Israel boycott
Aug 13 2006 3:21PM (CT)
CARACAS, Venezuela (AP) - Venezuela said Sunday that it does not back an OPEC oil boycott to protest Israel's military offensive in Lebanon but warned the conflict would continue "pressuring" world oil prices.
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Alaska remains heavily dependent on oil
Aug 13 2006 3:17PM (CT)
ANCHORAGE, Alaska (AP) - Picture Alaska and most people in the Lower 48 think abundant forests, picturesque bears, frosted tundra and perhaps the odd salmon. But what about oil? While there's plenty of scenic vistas for tourists to enjoy here, for better or worse Alaska's economy gets considerable power from the oil industry. BP PLC's decision last week to shut down part of the nation's largest oil field shows just how dependent the state has grown on oil, and how much it has to lose if the indu
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Prudhoe Bay crews to help fix pipeline
Aug 13 2006 1:17PM (CT)
DALLAS (AP) - Pete Leathard, the CEO for energy services firm Veco Corp., thought his round of golf was going bad last weekend _ but it got worse when his cell phone rang as he approached the 15th hole.
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Bar associations oppose legal cost rule
Aug 13 2006 12:49PM (CT)
ALBANY, N.Y. (AP) - Two legal groups, including the American Bar Association, are opposing a U.S. Department of Justice policy they say compels companies facing possible indictment to refuse paying legal costs of corporate officers or board members.
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Developers offer condo sales incentives
Aug 13 2006 12:40PM (CT)
SAN DIEGO (AP) - The hip Atria condos have a lot to offer young professionals and empty-nesters _ a prime downtown address, skyline views, gym, rooftop deck and units starting at $300,000.
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Wine labels go from frumpy to fun
Aug 13 2006 12:37PM (CT)
SONOMA, Calif. (AP) - Would you drink a little Fat Bastard? Pour a glass of Marilyn Merlot? How about pulling out some Screw Kappa Nappa for that next college reunion?
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Fed chief wants to improve communication
Aug 13 2006 10:18AM (CT)
WASHINGTON (AP) - Former Federal Reserve Chairman Alan Greenspan left the door slightly ajar. His successor, Ben Bernanke, wants to open it a bit more. If investors, businesses and consumers have a better grasp of what the Fed is thinking about interest rates and the economy, they may be inclined to respond the way the central bank wants them to. And that can help the Fed do its job_ keeping the economy and inflation on an even keel.
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Oil experts press need for pipeline care
Aug 13 2006 4:52AM (CT)
ANCHORAGE, Alaska (AP) - Technological improvements could help avert the severe corrosion and leaks that forced the partial shutdown of the nation's largest oil field, experts say, but the best way to prevent such problems in pipelines is to simply take better care of them.
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