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Before the uprisings began in Libya in February, the nation produced 1.6 million barrels of oil per day, and was responsible for two percent of the world’s oil supplies. Six months ago, shipments stopped at the rebellion grew there. The loss of Libyan oil drove up the price of Brent crude, which is sold to […]
Political turmoil in the Middle East has brought the price of a barrel of oil over $100. In the U.S., gasoline is averaging $3.50 per gallon. In response, President Obama is considering opening up the nation’s strategic oil reserve. Unrest in the Middle East always has a direct correlation to our payments at the pump: […]
Democratic Representative Henry Waxman from California says Enron had easy access to the White House Energy Task Force and it shows. According to Representative Waxman, the Bush admistration’s National Energy Plan advances 17 policies Enron advocated. Host Steve Curwood talks to Representative Waxman about his report on this issue.
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