Exxon sets U.S. mark for quarterly profit, misses forecasts - Jul. 31, 2008Exxon posts record $11.68 billion profitWorld's largest publicly traded oil firm makes $1,485.55 a second in the quarter, but misses forecasts. See all CNNMoney.com , CNNMoney.com staff writer As Americans grapple with record oil and gas prices, politicians facing angry voters have offered up a variety of solutions. Tell us what you think. U.S. 'dirty oil' imports set to tripleNEW YORK (CNNMoney.com) -- Exxon Mobil once again reported the largest quarterly profit in U.S.
What is happening here, of course, reflects one of the largest of the blind spots of contemporary economics: the assumption that market transactions mediated by money are the only significant form of economic activity. Our household jam-making activities drop off the economic radar screen the moment we finish paying for the raw materials. Value is being produced – the same jam offered for sale at next week’s market would bring substantially more than the cost of the raw materials – but it’s being produced outside the market economy, and therefore has no official existence in an economy measured entirely by market metrics. What makes this particularly relevant in the twilight of the age of cheap oil is that the world’s industrial nations, and above all the United States, have spent most of the last century transferring as much as possible of the household economy into the market sphere.
Yesterday in Missouri, the presumptive Democratic nominee had a suggestion for voters: Pump up your tires. To improve your mileage. To thus save energy."There are things that you can do individually though to save energy," Sen. Barack Obama, D-Illinois, said. "Making sure your tires are properly inflated, simple thing, but we could save all the oil that they’re talking about getting off drilling, if everybody was just inflating their tires and getting regular tune-ups. You could actually save just as much." . Republicans lit into Obama today."This is unbelievable!" said Rush Limbaugh today. "My friends, this is laughable of course, but it’s stupid! It is stupid! How many of you remember the seventies? When we had these shortages, all through the Jimmy Carter years and we have all these tips, all these tips on how to save gasoline? Avoid jackrabbit starts, keep your tires properly inflated, there’s a list of about ten or twelve these things. I said if I follow each one of these things I’ll have to stop the car every five miles, siphon some fuel out, for all the fuel I’m going to be saving.
Cheapest Gasoline Prices Around Orlando - Yahoo! Voices - voices.yahoo.comSkip to search.Jul 31, 2008 "Share your voice on Yahoo! websites. The lowest prices for gasoline around Orlando, here are the lowest five (5) prices for regular gasoline. These prices were current as of July 31st, 2008, and may be greater than this by the time you arrive at the gasoline station. The 4th lowest price, of $3.77 , was found at Murphy USA , on 213 South Chickasaw Trail; 7 Eleven , on 8003 Lake Underhill Road; Citgo , on 1700 S. Bumby Avenue, and 7 Eleven on 8300 Lake Underhill Road; the regular price of $3.77 per gallon was the price at these four gasoline stations in the Orlando area.
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. May 16, 2012 11:49AM ET U.S. Markets Open. S&P 500 11.42 for Apr 2012 You must be signed in to use watchlists.
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With gas fast approaching $4 a gallon and the economy looking like it is starting to sputter less than one month into the second quarter, what are the likely impacts of this energy price spike on consumer spending and retail stocks? Gas prices have been rising rapidly again over the past year, eerily similar to the run up we experienced in 2008 prior to the financial crisis.
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Toyota’s Prius Chief Engineer Reveals The Future Of The Automobile. Part OneThe day before I left in my jet for an exercise in Goldsboro, North Carolina on the 18th of this month, I filled my ancient Audi Quattro's 25 gallon tank to the tune of $98, with gas on-base hovering around $3.94. I then staggered into the station to get Swedish Fish and Tequila to drown my sorrows, as a 25 year-old Audi with AWD only gets 25mpg at best.
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You may be trying to access this site from a secured browser on the server. Please enable scripts and reload this page. OKLAHOMA CITY, Jul 31, 2008 (BUSINESS WIRE) -- Chesapeake Energy Corporation (NYSE:CHK) today announced financial and operating results for the 2008 second quarter.
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Sacrificing our coasts will not bring down – and keep down – energy prices. Drilling our coasts will not solve the problem of high natural gas prices.
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if I stood next to the yogurt case in the supermarket for five minutes every week with nothing to do but stare at the price, I would also know how much it has gone up — and I might become outraged when yogurt passed the $2 mark.I am a professor of economics at Harvard University, where I teach introductory economics (ec 10) among other courses.
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Gas prices rise again « FightBack.comGas pump prices across the country rose to within a dime of $4 a gallon Friday, as weather-related refinery outages tightened supplies and pushed prices up.
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It’s not quite clear how McCain pulled this one off, but it looks like he just trumped Obama’s race card. Somehow McCain was able to diffuse Obama’s race bait and use it against him.It was a great play! McCain defended … The US lost fewer soldiers in Iraq in July than any other month since the war began in 2003.President Bush announced shortening of tours of duty in Iraq on Thursday.
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Minneapolis/St. PaulSt. LouisWashington, D.C. Processing...Hawaii gas prices set a record on July 31, 2008 with an average price of $4.50 a gallon for regular, though in many places it was well above $5.Proposed Hawaiian Electric Co.