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By DAN CATERINICCHIA
When gasoline prices first hit $3 a gallon in 2005, irate lawmakers quickly assembled top oil executives for a public grilling. Pump prices are again above $3, yet the outcry from Congress is barely a whimper by comparison - even after this week’s warning from Federal Reserve Chairman Ben Bernanke that oil near […]

By Mark Shenk Bloomberg News
 

U.S. crude oil prices rose to a three-week high above $73 a barrel Wednesday after a government report showed a larger-than-expected drop in oil and gasoline inventories.
The Energy Department reported that crude oil stockpiles fell 3.49 million barrels to 333.6 million in the week ended Aug. 24. Analysts surveyed by Bloomberg […]

Venezuela is one of a few resource-rich countries attempting to renationalize the property of multinational corporations (AP Images/Fernando Llano). In early 2007, Venezuela’s president Hugo Chavez gave some of the world’s biggest oil companies a choice (HChron): turn over majority control of their projects to a state-owned company and remain as minority partners, or face […]

By Stephen Lendman
The Wall Street Journal’s main Hugo Chavez antagonist is its self-styled Latin American “expert” Mary Anastasia O’Grady who makes up for in imagination and vitriol what she lacks in knowledge and journalistic integrity. She, however, wasn’t assigned to write the May 1 Journal attack piece reporters David Luhnow in Mexico City and Peter […]