Rising fuel costs are making it more expensive to move food and other goods to the marketplace. That means prices are going up for consumers, but incomes may not be rising enough to keep pace with inflation. As VOA's Kent Klein reports, it also mean...
Nigeria's House of Representatives is beginning an investigation into the country's oil industry. Gilbert da Costa in Abuja reports for VOA that top industry officials are scheduled to testify before a special parliamentary panel at a public hearing...
Longtime Texas oil tycoon T. Boone Pickens is calling on the U.S. government to take steps to reduce the nation's dependence on foreign oil. He is promoting an energy plan that features wind and natural gas - a proposal he discussed with lawmakers a...
He made his fortune in oil, but energy tycoon T. Boone Pickens has now embarked on a national public relations campaign to move the country away from oil and towards a renewable energy future. But, as VOA's Greg Flakus reports from Houston, many ene...
The price of oil has hit an all-time high in London, rising above $146 a barrel, with New York crude prices not far behind. Tendai Maphosa reports for VOA from London analysts do not see an end to the price increases anytime soon. Oil well pumps The...
By Greg Flakus Houston 18 June 2008 President Bush and Republican presidential candidate John McCain are both calling for an end to a moratorium on developing oil and natural gas resources along much of the U.S. coastline. Democratic presidential ca...
By Barry Wood Washington 06 June 2008 Friday was a very volatile day in financial markets as the oil price rebounded to gain over ten dollars a barrel while US stock prices plummeted following the report of a sharp rise in unemployment. VOA's Barry...
An important new industry, oil refining, grew after the Civil war. Crude oil, or petroleum a dark, thick ooze from the earth had been known for hundreds of years, but little use had ever been made of it. In the 1850s Samuel M. Kier, a manufacturer i...
By Nick Wadhams Nairobi 08 August 2007 Officials with Somalia's transitional government are promising not to begin searching for oil until after parliament adopts a new petroleum law and their shattered country achieves peace. But as Nick Wadhams rep...
By Carol Pearson Washington, D.C. 05 July 2007 An American man who traveled internationally with tuberculosis - despite instructions not to - has a new diagnosis and is not as sick as government doctors initially said he was. As VOA's Carol Pearson...