Meltdown 101: Why Gas Prices Rise While Oil Drops By John Porretto, ASSOCIATED PRESS January 15, 2009 HOUSTON, TX — You may do a double-take as you pass your local gas station. Chances are, the…
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Archive | Author: J.Porretto AP
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Don’t Get Used To Cheap Oil
Don’t Get Used To Cheap Oil, Analysts Say By John Porretto, ASSOCIATED PRESS January 12, 2009 HOUSTON, TX — All that money you’re saving these days at the gas pump? You might want to put…
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Exxon Posts Biggest Profit Ever
ExxonMobil Posts Biggest US Quarterly Profit Ever By John Porretto, ASSOCIATED PRESS October 30, 2008 HOUSTON, TX — Another quarter and more record U.S. profits for Exxon Mobil. Yet even as earnings surged for major…
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Oil prices help Exxon & Chevron
Associated Press February 1, 2008 by JOHN PORRETTO, AP Business Writer Rising oil prices help Exxon Mobil, Chevron to record profits HOUSTON, TX — Suppose Exxon Mobil decided to return the favor and buy you…
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Big Oil’s Strong 4th Qtr Results
Associated Press January 16, 2008 by JOHN PORRETTO, AP Business Writer As economy weakens, strong 2007 4th quarter results for oil companies may raise eyebrows HOUSTON, TX — Historic oil prices and $3-a-gallon gasoline have…