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ABC News: How Oil Prices Translate to the Pump
Summary from multiple countries, from articles in English
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Drivers received a brief reprieve from soaring gas prices when the price of oil dropped $16 a barrel last week, but consumers should pump the brakes on the idea of a large, instant price reduction at their local stations. (article 4)
The Interior Department is scheduled to unveil proposed regulations Tuesday for a program to sell oil shale leases on federal lands, similar to the leases sold now for oil and natural gas both on and offshore. (article 10)
NEW YORK - Oil prices rose Monday on a threat of new sanctions against Iran and as Tropical Storm Dolly headed into the Gulf of Mexico, prompting a hurricane watch for parts of Texas and Mexico. (article 1)
" There are more and more people who believe that oil supply prospects are not very optimistic said Fatih Birol a watchdog for industrialized nations. (article 9)
In the last four days, oil prices have dropped more than $16 a barrel, as the market looked optimistically at calm weather, U.S.-Iran negotiations, failing bank rescues and lower demand for gasoline. (article 5)
With oil recording yet another drop on Friday, some industry experts who just days ago thought there was more juice left in oil's meteoric run are reconsidering. (article 6)
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Other summaries about this story:
Other stories about oil, prices and energy:
Event tracking:
Story keywords
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oil, prices, energy, Gas, drilling |
Source articles
- Oil rises past $131 on Iran deadlock, Gulf storm (seattletimes.nwsource.com, 07/21/2008, 762 words)
- Oil rises amid Iran nuclear deadlock, tropical storm concerns (boston.com, 07/22/2008, 510 words)
- Oil prices reflect tension in Middle East (cbc.ca, 07/21/2008, 457 words)
- ABC News: How Oil Prices Translate to the Pump (ABCNews, 07/21/2008, 282 words)
- Gas under $4? It may be closer than you think... (suntimes.com, 07/19/2008, 317 words)
- Price of oil continues to retreat (seattletimes.nwsource.com, 07/19/2008, 373 words)
- AP IMPACT: Big Oil profits steered to investors (seattletimes.nwsource.com, 07/21/2008, 1220 words)
- Los Angeles Times (L.A. Times, 07/22/2008, 447 words)
- When will the oil supply peak? Some say it already has (L.A. Times, 07/21/2008, 615 words)
- Feds to propose rules for squeezing oil from rock (Washington Post, 07/21/2008, 341 words)
- Letters to the editor (L.A. Times, 07/21/2008, 389 words)
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blaster@cs.columbia.edu
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