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May 2009 Archives

Did You Know...

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...gasoline prices historically have tracked crude oil prices? It's true. And today's gasoline prices are no exception. Since April 20, crude oil prices have climbed 46 cents a gallon and gasoline prices have risen 41 cents. The price of crude oil is the...

Allocation System 'Inequitable'

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Members of Congress trying to hammer out a bill to reduce greenhouse gas emissions have reached agreement on the distribution of valuable carbon dioxide permits. As reported in the San Francisco Chronicle, more than 50 percent of the emissions allowances...

What Goes Up...

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...must come down. Such is the case with the oil and natural gas industry's first quarter earnings for 2009. Based on the reports issued publicly by oil companies to date (May 1), their earnings average 5.1 cents per dollar of...