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Oil Hits Record Near $128
By Richard Valdmanis NEW YORK (Reuters UK) - Oil shot to a record high near $128 a barrel on Friday as a bullish price forecast from investment bank Goldman Sachs drowned out an offer of more supply from OPEC kingpin Saudi Arabia. U.S. crude settled up...
Tags: OPEC, Goldman Sachs & Co., Diesel, Markets, Oil, Oukbs, US
News items 2008-05-16
Gale Banks: No Fear in Business
Gale Banks of Gale Banks Engineering has 50 years of experience in the field of automotive engineering. He has designed numerous award-winning engines, and has been instrumental in creating formative technologies used by major automotive manufacturers. Banks expresses the importance of standing by great ideas in the face of adversity...
Tags: Financial services, bank, industry
Videos 2008-03-08

Additional Resources

Feds raise gas-price estimates
WASHINGTON -- The government on Tuesday again raised its short- term price forecasts for crude oil and gasoline -- trends that are expected to tamp down demand. The Energy Department predicts average monthly gasoline prices should peak at $3.73 a gallon in June, an increase of 13...
Articles 2008-05-07
W2 Energy Inc. Corporate Status Report
W2 Energy Inc. (PINKSHEETS: WTWO) (FRANKFURT: WJD) a developer of green energy, is pleased to announce a corporate statusupdate. Mr. Michael McLaren reports: W2 Energy to pursue joint venture with Cobal Chile S.A On April 23, 2008 the company announced the formation of a joint venture tobuild 2 waste-to-energy plants...
Articles 2008-05-07
Con-way Truckload Lowers Top Speed of Fleet in Enterprise-Wide Sustainability Initiative
Con-way Truckload, a nationwide full-truckloadfreight transportation company, today announced that it has reduced themaximum governed speed of its 2,700-tractor fleet from 70 to 65 mph insupport of an enterprise-wide sustainability initiative at parent companyCon-way Inc. (NYSE: CNW). By adjusting its fleet to run at the lower maximum highway speed, thecompany...
Articles 2008-05-07
Frontier Oil Reports First Quarter 2008 Results
HOUSTON -- Frontier Oil Corporation (NYSE:FTO) today announced quarterly net income of $46.0 million, or $0.44 per diluted share, for the quarter ended March 31, 2008, compared to net income of $74.7 million, or $0.68 per diluted share, for the quarter ended March 31, 2007. The decrease in earnings was...
Articles 2008-05-07
Truck Fuel Economy Leader is Best Solution to High Price of Diesel
Tests Confirm International ProStar Saves Customers $5,800 in Fuel Annually Over Leading Competitor WARRENVILLE, Ill. -- Record diesel prices are driving on-highway trucking customers to look for every edge to curb fuel costs, beginning with their choice of truck. Navistar today released definitive results of extensive testing confirming...
Articles 2008-05-07
Reflect Scientific's Miralogix Receives $918,000 Order for Its CATPRO Automated Inspection System
OREM, Utah -- Miralogix, Inc., a leading manufacturer of automated inspection systems and a unit of Reflect Scientific, Inc. (OTCBB: RSCF), has been awarded another order for its CATPRO automated inspection system totaling $918,000. The CATPRO system incorporates Miralogix's new machine vision technology designed to help customers meet increasingly stringent...
Articles 2008-05-07
Fluorocarbon Lined Hose targets heavy-duty truck market
Designed for combustion residue resistance, Purosil fluorocarbon lined hoses and elbows can withstand extreme temperatures. Using DuPont Viton elastomer, which can resist diesel fuel combustion byproducts as well as alcohols and fuel additives, FC lined hoses offer chemical bond between fluorocarbon liner and silicone rubber composite structure. Fluorocarbon hoses have...
Articles 2008-05-07
Tulsa-based Syntroleum reports 1Q loss
Syntroleum Corp. on Monday reported a net loss for the first quarter of $2.2 million, or 4 cents per share, compared with a net loss of$14.8 million, or 26 cents per share, for the first quarter of 2007. Revenues for the quarter totaled $1.5 million, down from...
Articles 2008-05-06
Soybeans lure Shore farmers in Md.
Eastern Shore farmers squeezed by diesel fuel and fertilizer prices are changing their crop strategies this season. Cooperative Extension educator Jenny Rhodes said many farmers in Queen Anne's County will be planting soybeans instead of corn. She said soybeans are cheaper to plant than corn because they require less fertilizer,...
Articles 2008-05-06
Egyptians despair as duty increases cancel out pay rises
CAIRO AFP — Already stunned by skyrocketing prices, Egyptians voiced despair on Tuesday after the government raised duties on fuel and cigarettes in a bid to pay for a promised public sector wage increase. "Cigarettes don't matter -- you can live without them. But, for the rest, it's...
Articles 2008-05-06
State of Louisiana waives sales taxes to help with hurricane prep
To encourage residents to prepare for the 2008 hurricane season, the state will not charge sales taxes on certain items, such as batteries and portable generators, May 24-25. The two-day Hurricane Preparedness Sales Tax Holiday is a product of the Louisiana Legislature. It begins at...
Articles 2008-05-06
Chrysler has a deal for buyers: $2.99-a-gallon gas cards
As presidential candidates spar over how to roll back gasoline prices, Chrysler on Monday said that it has come up with its own plan to bring back $2.99 gas, which it hopes will spur lagging sales. Chrysler announced a month-long "Let's Refuel America" program that will give buyers...
Articles 2008-05-06
DTE Energy Converting 800 Vehicles to Clean Burning BioDiesel Fuel
DETROIT, May 6 /PRNewswire/ -- DTE Energy is lightening the environmental footprint of its 800 diesel-fueled trucks and service vehicles by converting the fleet to cleaner-burning biodiesel fuel. Biodiesel is an alternative fuel produced from domestic renewable resources such as vegetable oil and animal fat. Biodiesel...
Articles 2008-05-06
Plato pleased with first Diesel win.
Jason Plato capped a fine weekend on a personal level with his best weekend of the HiQ MSA British Touring Car Championship season at Donington Park to secure the first diesel-powered win in the 50 year history of the series. The SEAT Sport UK driver, who became a...
Articles 2008-05-06
SunPine AB Chooses Invensys for BioDiesel Process Simulation in Sweden
Invensys Process Systems IPS has announced thatthe Swedish bio-refinery SunPine AB, will use Invensys SimSci-Esscor'sPRO/II simulation software formodeling a new biodiesel refining operation in Piteå, Sweden. The newplant, which is a member of the Solander Science park biofuelscollaboration, converts crude biooil byproducts of pine pulping intosecond-generation biodiesel...
Articles 2008-05-06
Cute Is What We Aim For Ready to Enter "ROTATION"; Punk-Pop Sensations Unveil Sophomore Effort With Full-On Summer Headline Tour Schedule; "ROTATION" Available Everywhere June 24th
Fueled By Ramen recording group Cute Is WhatWe Aim For have revealed details of their eagerly anticipated sophomoreouting. Entitled "ROTATION," the album will arrive in stores and at alldigital retailers on June 24th. "ROTATION" is currently available forpre-order via the Fueled By Ramen web store, along with a...
Articles 2008-05-06
Neste oil launches unique renewable Diesel commercially in Finland
Neste Green diesel suitable for all diesel engines, contains at least10% renewable fuel A pioneer in the renewable fuel business, Neste Oil, has commerciallylaunched a unique renewable diesel, the Neste Green diesel, inFinland. Neste Oil is the first company in the world to bring out arenewable diesel that suits all...
Articles 2008-05-06
Egypt raises fuel and Diesel prices amid public anger
CAIRO AFP — Egypt's parliament on Monday voted in favour of a set of tax and duty increases including on fuel, diesel and cigarettes amid public anger at price hikes and the state of the economy. According to the proposal presented by the ruling National Democratic Party, the...
Articles 2008-05-05
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