February 1, 2013 |
Former Vice President Al Gore is used to taking pot shots from the right, and he's getting peppered with them lately following his decision to sell his unpopular Current TV network to Al Jazeera, the Middle Eastern news channel still vilified by many conservatives as the voice of the Taliban. Gore doesn't have much trouble dismissing that canard -- Al Jazeera's international coverage has in recent years become competitive with the best in the world -- but the grief he's getting from the left clearly makes him a lot more uncomfortable.
May 7, 2012 |
With energy prices high, Big Oil rules atop the Fortune 500, helping to put Texas just a hair behind California as home to the highest-revenue corporations -- 52 firms, compared with the Golden State's 53. The magazine's latest list of mega-enterprises, released Monday, showed Exxon Mobil in the Dallas suburb of Irving edging out Wal-Mart Stores for the top spot, with 2011 revenue of $453 billion, compared with $447 billion at the Arkansas-based...
April 27, 2012 |
Occidental Petroleum Corp. posted a slight increase in first-quarter profit on higher oil prices and record production as energy giants Exxon Mobil Corp. and Royal Dutch Shell reported lower net income. Westwood-based Occidental, the fourth-largest U.S. oil company, said it generated net income of $1.56 billion in the first quarter, or $1.92 a share, up from $1.55 billion, or $1.90, in the same quarter of 2011. Revenue jumped to $6.27 billion from $5.73 billion a year earlier. Occidental Chief Executive Stephen I. Chazen said production rose to the equivalent of 755,000 barrels of oil a day, "the highest in Occidental's history," from 730,000 barrels a day in the first quarter of 2011.
April 3, 2012 |
WAUKESHA, Wis. -- Just before President Obama gave his scathing critique of the Republican Party on Tuesday, Mitt Romney sought to blunt the impact by accusing him of failing to take responsibility for the rise in gasoline prices. Campaigning at a fast-food restaurant in this Milwaukee suburb on the day of Wisconsin's Republican presidential primary, Romney criticized a television ad that Obama's reelection campaign started airing this week in six White House battleground states.
March 30, 2012 |
WASHINGTON — The Senate blocked an effort to end billions of dollars in tax breaks for the oil industry, brushing aside President Obama's argument that the five big oil companies were doing "just fine" while consumers were struggling with painfully high gasoline prices. The measure to kill the industry tax preferences failed on a 51-47 procedural vote Thursday. It needed 60 votes to overcome a Republican-led filibuster that was supported by some Democrats from oil-rich states.
March 30, 2012 |
Upset about high gasoline prices? So are the folks in Congress -- they just have a different way of showing it. As Time staff writers Lisa Mascaro and Christi Parsons reported Thursday: “The Senate blocked an effort to end billions of dollars in tax breaks for the oil industry, brushing aside President Obama's argument that the five big oil companies were doing 'just fine' while consumers were struggling with painfully high gasoline prices.”...