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The Takeaway

North Dakota Oil Diary: Photos from the Bakken oil fields

Tuesday, October 28, 2008


A sign identifies Peak Energy's Dunn County, North Dakota drilling site. (Caitlin McNally)

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The Takeaway

african banking

Thursday, October 23, 2008

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The Takeaway

OPEC

Thursday, October 23, 2008

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World energy prices fluctuating

Friday, October 17, 2008

Guest: Jad Mouawad, New York Times reporter who covers the energy industry

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Oil prices, oil production: OPEC calls meeting to counter falling price of crude

Friday, October 17, 2008

Remember all the predictions that we'd soon see $200 a barrel oil? Ahhhh, those were the old days. Oil prices fell below $70 a barrel yesterday for the first time in 14 months. That's less than half its record high just three months ago. OPEC members have decided to hold an emergency meeting next week in Vienna to figure out how to shore up prices.

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Fearing less demand, oil prices have slid below $70 a barrel

Thursday, October 16, 2008

The dismal market situation continues to reverberate around the world. And it's having a dramatic effect on oil prices. Crude prices fell to a 14-month low this morning, falling to almost $70 a barrel.

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A rare glimpse into the oil rigs on Alaska’s mysterious North Slope

Thursday, October 09, 2008

Alaska’s North Slope is barren tundra, shrouded in mystery for those people who don't live or work there. It's also where we get more than 15 percent of domestic oil. Writer Jeanne Marie Laskas is one of the few people to penetrate the tight-knit world of roughnecks — the men who bring the oil up out of the ground. The Takeaway talks with Laskas about her singular experience documenting the lives of North Slope oil workers.

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Oil price drops as economic fears spread

Monday, October 06, 2008

Guest: Carola Hoyas, chief energy correspondent for the Financial Times

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Oil trades below $90 a barrel, an eight-month low

Monday, October 06, 2008

Guest: Javier Blas, Financial Times commodities correspondent

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Gas stations in the southeast still struggling to fill their tanks

Thursday, October 02, 2008

Gas suppliers throughout the southeastern United States say refineries in the Gulf of Mexico are producing gas at a steady rate for the first time in nearly a month. But gas station owners and their customers are still feeling the pinch. LINKS: Reaction_to_gas_shortage_#1_(YouTube) http://www.youtube.com/watch?v=pXqC1Zn9Tbc Reaction_to_gas_shortage_#2_(YouTube) http://www.youtube.com/watch?v=BcPRmXQ1eZI Reaction_to_gas_shortage_#3_(YouTube) http://www.youtube.com/watch?v=b5xAKnaCOiw

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Oil prices fluctuate wildly on Wall Street bailout news

Tuesday, September 23, 2008

Guest: Peter McKay, Wall Street Journal Reporter

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Oil reserves bring billions into Nigeria, but also conflict with MEND

Wednesday, September 17, 2008

Nigeria is the fifth-largest supplier of crude oil to the United States. (The United States is Nigeria's biggest single export market.) Behind this lucrative business relationship, however, is a wild backdrop of conflict in Nigeria’s oil fields. The region is poor and undeveloped, but oil exports make Nigeria one of the richest countries in Africa. Militants pushing for a share of this oil wealth and environmental remediation have resorted to blowing up pipelines, taking foreign hostages and fighting government troops. Commander Fara Dagogo is a member of the biggest rebel group, the Movement for the Emancipation of the Niger Delta, or MEND. The commander talks with The Takeaway about why he is sabotaging his country’s oil production.

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As markets drop, so does the price of oil

Tuesday, September 16, 2008

The collapse of Lehman Brothers and widespread anxiety in the U.S. economy sent jitters through markets this week. Oil prices plunged five dollars lower in reaction to recent events on Wall Street, bringing the price to the lowest level in seven months. Though the crisis was created in America, emerging markets, particularly oil-exporting countries like Russia and Brazil, have fared worse than the United States.

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Sex, drugs and oil: Energy ethics scandal

Thursday, September 11, 2008

Money, sex and oil: it sounds like the prime time soap opera "Dallas." But now it's Denver where that dangerous mix is in the headlines. U.S. government officials in charge of collecting billions in energy royalties stand accused of illicit drug use, taking expensive gifts and engaging in sex with employees of the industry they were supposed to be watching. The Takeaway talks to investigative reporter Derek Kravitz, who is covering the story for the Washington Post.

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OPEC to cut production as oil prices fall

Wednesday, September 10, 2008

News that OPEC could cut more than 500,000 barrels a day of production has sent oil prices to their lowest levels since April 1st.

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An OPEC surprise for the oil markets

Wednesday, September 10, 2008

OPEC oil ministers agreed to trim overall output by more than 500,000 barrels a day over the next 40 days. The small but symbolic gesture is meant to avoid new turmoil in the markets and prop up falling prices. Javier Blass, the FT commodities correspondent, talked with The Takeaway about the meeting’s outcome and the behind the scenes negotiations between Russia and OPEC.

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The big question at OPEC: Is the oil market oversupplied?

Tuesday, September 09, 2008

Oil demand is weakening, and the price of crude oil has hit a five-month low, approaching $100 a barrel. The 149th OPEC conference runs through Wednesday, with the bulk of sessions happening today. Most ministers want to keep oil production unchanged, but if demand continues to weaken, they may have to make difficult decisions.

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Cheney courts Russia’s oil-rich neighbors

Wednesday, September 03, 2008

Vice President Cheney is in oil-rich Azerbaijan today, the start of a tour that aims to show Washington's support of Russia's southern neighbors. He plans to head later to neighboring Georgia, where Washington is trying to bolster support for Mikhail Saakashvili's U.S.-allied government, battered by last month's short war with Russia.

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Russian authoritarianism is fueled by petro-dollars

Wednesday, August 20, 2008

Guest: Chrystia Freeland, U.S. Managing Editor for the Financial Times

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Closed Georgian pipelines have little effect on oil prices

Wednesday, August 13, 2008

Instability in Georgia has caused the energy company BP to shut down pipelines in the country. One carried Caspian oil from Azerbaijan to the Georgian Sea. Another BP pipeline stopped last week, following an explosion on a portion of the line. On Tuesday, the International Energy Agency said the conflict in Georgia threatens this key energy route for western oil and gas markets. Reduced demand for oil is helping to mitigate the impact wavering supply might have had even a month ago.

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