Life on the fringes of U.S. suburbia becomes untenable with rising gas costs

Posted on June 25, 2008 by John Donovan.
Categories: International Herald Tribune.

Suddenly, the economics of American suburban life are under assault as skyrocketing energy prices inflate the costs of reaching, heating and cooling homes on the outer edges of metropolitan areas.

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Deals with Iraq are set to bring oil giants back

Posted on June 19, 2008 by John Donovan.
Categories: International Herald Tribune.

Exxon Mobil, Shell, Total and BP — the original partners in the Iraq Petroleum Company — along with Chevron and a number of smaller oil companies, are in talks with Iraq’s Oil Ministry for no-bid contracts to service Iraq’s largest fields, according to ministry officials, oil company officials and an American diplomat.

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Iraq in talks with Royal Dutch Shell on joint venture deal to invest natural gas

Posted on June 17, 2008 by John Donovan.
Categories: International Herald Tribune, Iraq.

BAGHDAD: The Iraqi Oil Ministry is negotiating with Royal Dutch Shell on a joint venture deal to develop natural gas associated with oil production in southern Iraq, two officials said Tuesday.

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Oil leaps to new record above $129

Posted on May 20, 2008 by John Donovan.
Categories: International Herald Tribune, Oil Prices.

Oil rose to a new record above $129 a barrel on Tuesday, spurred by strength in refined oil products markets, led by diesel, and a weak dollar.

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Oil companies could face payments in addition to $422M in gasoline additive lawsuit settlement

Posted on May 9, 2008 by John Donovan.
Categories: International Herald Tribune.

Companies including ConocoPhillips, Chevron Corp., BP PLC’s BP America Inc., Royal Dutch Shell PLC’s Shell Oil Co., Valero Energy Corp. and Marathon Oil Corp. agreed to pay $422 million (€275 million) to settle lawsuits claiming wells were contaminated by MTBE, a chemical that was once a key gasoline ingredient.

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