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Oil sheen mysteriously appears off Louisiana’s Gulf Coast

By the CNN Wire Staff (CNN) – An oil sheen about four miles long has appeared in the Gulf of Mexico near the site of the worst oil spill in U.S. history, a Coast Guard spokesman said Thursday. It was...

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The People’s Debate with Kaine and Allen

Candidates in the tightly contested race for a U.S. Senate seat, both former Virginia governors, squared off in a debate organized by WTVR, WCVE, The League Of Women Voters of Virginia and AARP...

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Potential oil spill in Mississippi River closes river

By CNN Staff (CNN) — Two tank barges loaded with light crude oil struck a bridge in the Mississippi River early Sunday morning. The Coast Guard said it was trying to determine how many gallons may have...

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STUDY: Vegetable oils may be worse for your health than butter

(CBS News) — Do you reach for the vegetable -based spread instead of the butter just to cut back on fats? Researchers say that might not be the best option, and in fact, it could be more of a health...

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Courtroom showdown starts; BP could pay billions more for Gulf spill

By Ed Lavandera and Jason Morris NEW ORLEANS (CNN) — The stage is set for a titanic courtroom showdown here between BP and federal and state governments over whether the oil giant must shell out...

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Shell halts Arctic drill plans for 2013

by Matt Smith (CNN) — Royal Dutch Shell says it will “pause” its closely-watched project to drill for oil off the Alaskan coast this year, instead spending 2013 preparing for future exploration. The...

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Arkansas AG to investigate oil pipeline leak

(CNN) — The Arkansas attorney general is opening an investigation into what caused last week’s pipeline rupture that allowed thousands of barrels of heavy crude oil to flow into a residential area....

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Egypt unrest pushes oil prices near $100/barrel

NEW YORK (CNNMoney) — Oil prices neared $100 a barrel Tuesday, as traders feared tensions in Egypt could spread to the broader Middle East. U.S. oil prices hovered around $99.50 a barrel Tuesday...

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Oil prices crash below $70 per barrel after OPEC decision

LONDON — Oil prices came crashing down Thursday to trade below $70 per barrel after OPEC announced it was leaving oil production levels unchanged. WTI crude trading in the U.S. fell by roughly 7% to...

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Black Friday’s real deal: Gas nearly 50 cents lower than last year

NEW YORK — The best Black Friday deal of 2014 is arguably at the gas station. The average price in America for a gallon of regular fell to $2.79 on Friday, according to AAA. That’s nearly 50 cents...

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Oil tycoon: After oil prices plummet, I’m too broke for $1 billion divorce

NEW YORK — A billionaire oil tycoon, who just last month agreed to pay $1 billion after a highly contentious divorce, now says it’s no longer fair to ask him to pay out the big bucks because his...

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Oil plunges to a 6-year low, could keep going

NEW YORK (CNNMoney) — Extremely cheap oil is back, and it may get even cheaper. Crude plunged 4% to as low as $42.85 a barrel on Monday. That’s the lowest price since 2009. This should bring smiles to...

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Shell inks $70 billion deal as Big Oil gets even bigger

HONG KONG — Rock-bottom energy prices are triggering their usual response from oil companies: A wave of tie-ups that make the biggest producers even bigger. The latest example is Royal Dutch Shell’s...

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How U.S. could be energy independent within 4 years

NEW YORK — The United States could be energy independent in as little as four years, according to a new forecast from the U.S. Energy Department. The price of oil is fairly low — about $55 a barrel....

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