Tag archive for ‘Energy Costs’
Saudi Arabia rejects Bush’s request for increased oil output
Riyad, Saudi Arabia (Washingtonpost.com): Saudi Arabia Friday rejected the idea of increasing oil production to help ease soaring gasoline prices, telling President Bush that the kingdom already is meeting its customers’ demand for crude.
The apparent rebuff came as Bush appealed to Saudi King Abdullah to use his country’s vast oil reserves — the world’s [...]
Inventories and War Spending Keep Economy Growing in First Quarter
Washington, D.C. (Center for Economic and Policy Research) by Dean Baker: GDP eked out a 0.6 percent gain for the second consecutive quarter as a jump in inventories and defense spending kept GDP in positive territory. Sales of final goods actually fell by 0.2 percent in the quarter, only the second decline since the last [...]
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