US Oil & Gas news - updated 24/7/365. We link to the best sources from around the world. Covering the latest American shale, drilling, exploration news and more.
world-wide demand is increasing, that kind of defies a lot of expectations. people say the worldwide recession is holding prices down, but the third world is increasing its demand for oil causing it to go up. tensions in the middle east causes the price rises. the refining capacity in this country is strained exacerbated by the refinery fire we saw this week. all of the prices eventually passed on to the consumer in the grocery store, for any commodity or product transported by truck. rick: doug mcelway live for us in maryland. thanks. heather: the feds are investigating a massive fire at an oil refinery that is expected to drive gas prices even higher. hundreds of people forced to go to the hospital monday after these huge plumes of smoke from a california chevron refinery spewed toxic chemicals into the air leaving a lot of people
feeling sick for days afterward. still feeling kind of lightheaded and dizzy, and stomachache, and short of breath. everybody that was sick from that explosion thing and the fire, i think they should get wade for something. heather: chevron is now opening a special claims office to handle more than a thousand calls from people complaining that they were affected by the fire. rick: brand-new for you this morning, sentencing in waco, texas delayed from this afternoon until tomorrow for a soldier convicted of planning to blow up a restaurant used by fort hood soldiers. the soldier went awol from fort campbell in kentucky and was arrested last summer with bomb-making terms in a hotel near fort hood. heather: a new report just out that the obama administration is preparinnew sanctions against the regime of syrian president