Archive for August, 2008

Barack Obama Reveals How He Popped the Question to Joe Biden

When PEOPLE caught up with the candidates the day of their Aug. 23 announcement, the banter was easy between the onetime rivals – who became a team once Obama, 47, asked the senator from Delaware, 65, to help on the ticket. Also joining in the conversation: wives Michelle Obama, 44, and Jill Biden, 57.
This is [...]

Gas prices climb for first time in months

Mobile, Alabama resident Preston Ferguson missed paying less by just a few hours.
“I noticed it was a little cheaper this morning when I was driving to work, but a lot of people have been coming in where I work saying, ‘Go get gas…Go get gas,’” Ferguson said.
Jimmy Eisenhower manages 10 gas stations in the Mobile [...]

For a secure energy future, allow uranium mining

Banning uranium mining isn’t unique to Arizona. The nation’s largest-known uranium deposit was discovered in the 1980s on a farm in southern Virginia. The owner of that land has been exploring the possibility of mining the 110 million pounds of uranium believed to be on the site. But Virginia banned uranium mining in 1982, and [...]

Oprah pledges $1 million to youth scholarships in Whitesboro

“I’m here to tell you, I know Barack Obama is the one. He’s the one we’ve been waiting for,” Winfrey said.
But she also touched on her poor childhood on a farm in Mississippi, her career rise from a small television show in Chicago to the empire she now commands, the school for girls she [...]

Turkey to drill seven or eight oil wells in Black Sea

Turkey is holding talks with Germany’s RWE AG and U.S. Chevron on conducting oil exploration in the Black Sea, a senior Turkish energy ministry source also told Reuters on Friday.
TPAO will open two of the wells with Brazil’s Petrobras, Reuters also reported citing the source.
“Talks with U.S. Chevron are continuing. These talks have reached an [...]

Gas prices rise - first time since July

The average price of regular unleaded gasoline rose nine-tenths of a cent to $3.669 a gallon from $3.66 a day earlier, according to motorist group AAA and the Oil Price Information Service.
The price increase is the first in more than 40 days since falling from a record high of $4.114 a gallon set July 17.

Lower oil prices, GDP data lift Wall Street

The S&P 500 gained 19.02 points, or 1.5%, to 1,300.68, capping its biggest three-day advance in a month. The Dow Jones Industrial Average increased 212.67 points, or 1.9%, to 11,715.18. The Nasdaq Composite Index added 29.18 points or 1.2% to end at 2,411.64.US light sweet crude oil for October delivery fell US$2.56 to settle at [...]

Barack Obama Makes An ‘American Promise’ During Acceptance Speech

“America, we are better than these last eight years,” Obama said to thunderous applause and a sea of waving American flags and signs bearing the word “change.” “We are a better country than this.” He later added: “Change happens because the American people demand it — because they rise up and insist on new ideas [...]

Iraq Signs Oil Deal With China Worth Up to $3 Billion

Under the new contract, which must still be approved by Iraq’s cabinet, the Chinese company will provide technical advisers, oil workers and equipment to help develop the Ahdab oil field southeast of Baghdad, according to Assim Jihad, a spokesman for Iraq’s Oil Ministry. If the deal is approved, work could begin on the oil field [...]

Pinnacle Energy Corp. Acquires Six Oil & Gas Producing Wells

Formerly named Gas Salvage Corp., Pinnacle Energy has recently completed a name change and a three-for-one forward stock split. The company now trades under the OTC symbol PENC. All of the above-listed changes were made effective with FINRA on August 14, 2008. More information about these changes may be found in a FORM 8-K [...]