Breaking Our Addiction to Foreign Oil

Is the rehabilitation of America's addiction to foreign oil possible? Is it possible to grow our own fuel and drill for our own oil? Carnations incredible thirst for oil, diesel and gasoline is severely impacting our economic future.

Discovery of Accounting Errors at Fannie and Freddie Saved the Market

If accounting failures had not been discovered at Fannie Mae and Freddie Mac, the housing market could have faced a potential financial disaster, said the new head of the oversight of the two mortgage giants on Monday.

Should Dubai Ports World Deal Be Economy Or Security Concerned?

Wave of protectionism putting U.S. into economic down fall. US must attract foreign investors like Dubai Ports World deal to keep the dollars from falling.

Globalization - Economic Dimension

This article will provide brief overview about the concepts of globalization, three primary strands of globalization and discussion of its economic dimension.

Current Oil Prices

Over the past year, retail prices of gasoline and heating oil have increased by almost 50 cents per gallon. Diesel fuel prices have increased by more than 50 cents per gallon. One major cause of these dramatic increases in oil prices is the rising price of crude oil. In the United States, various types of crude oil are priced by using the price of West Texas Intermediate (WTI) crude oil as the benchmark. In early 2005, WTI prices were slightly above $42 a barrel, but by September 2005, they were at $70 a barrel. Oil prices have decreased then by a few dollars a barrel, but are still at historically high levels.

US Government Owes Every US Citizen $18,000

Due to the massive inflows and foreign Mexican invaders of illegal immigration and illegal aliens along with the MS-13 gang members and drugs it is costing the United States of American citizen billions each year in services.

2005 Economic Update: Industry Specific 2005 Total Compensation Budget Predictions

What's in store for 2006? Research organizations have made their predictions, but unstable oil prices can cause even the most positive projections to take a drastic turn. According to Michael Macie...

Crude Oil Prices

Historically, crude oil or petroleum prices in the United States have been affected by a variety of global factors. In the beginning of the 20th century, crude oil production began to be controlled by the US government, with restrictions on the amount of production and price to conserve this valuable energy source. Following the Second World War, demand for petroleum could not be met through local production alone, and the US started importing increasing quantities of crude oil.

Oil Prices

As oil supplies become increasingly scarce and demand rises, oil prices are steadily increasing. Disruptions in the supply chain may occur at oil wells, during transportation from wells to refineries, at refineries, or along the pipelines that transport oil to different parts of the country. In 2005, some of the most powerful hurricanes in recent history passed through the Gulf of Mexico and hit the major oil refining regions of the Gulf coast. These events had a profound impact on oil prices across the United States that will be felt for some time to come.

Bernanke Comments on Potential Interest Rate Hikes

At an international conference on Monday, Federal Reserve Chairman Ben Bernanke promised that inflation will be fought by the central bank.

How Do All The Different Nations Borrow Money

But why can't all of the countries (nations) borrow money? Simply the same reason why individuals can't - their expenses are greater than their income in many cases. To cross the gap some countris try printing extra currency, raise debt and cut expenditure. Often a country combines the three to tackle its financials. This is not good practise however...

The Spanish Rail, Standard Deviation and Innovation

Infrastructure is a term to describe all those nearly invisible activities that are needed to support other productive economic functions. If not centrally governed - like the Spanish Railway system - it will give different kind of problems, one of them

Gas Rationing Controversy Misses Main Point - 1975 Editorial

Nine gallons of gasoline per week plus the right to beg for more from your friendly rationing board.