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Mont. oil output drops but high prices soften blow
10 hours ago ago from U.S. News
Mont. oil output drops but high prices soften blow BILLINGS, Mont. (AP) -- Oil production in Montana is off by about 30 percent from its high three years ago, but state officials said rebounding energy prices have staved off a sharp hit to the state's budget. That's a rare bit of good news - or at least not-so-bad news - for state revenue officials tracking a steady decline in corporate and income taxes caused by the recession. ...
Related contentAs ties between India and China grow, so does mistrust
22 hours ago ago from Washington Post - World
NEW DELHI -- On a remote mountain pass, Chinese soldiers berated a group of Indian laborers building a five-mile road near the India - China border. The land belonged to China, asserted the soldiers, who reportedly waved their guns and scared off the workers. The incident became the biggest breaking news story in India early this month, dominating TV coverage, capturing front-page headlines and igniting fears that the two countries were ...
Related contentExxon to Acquire XTO Energy in $31 Billion Stock Deal
12 hours ago ago from Wall Street Journal
BY KEVIN KINGSBURY Exxon Mobil Corp. agreed to acquire XTO Energy Inc. in a $31 billion all-stock deal, taking advantage of low natural-gas prices to bolster the oil giant's presence in the gas industry. The deal ends speculation about when Exxon, which hasn't had a major acquisition since the merger a decade ago with Mobil, would take advantage of lower commodity prices pressuring smaller and debt-loaded companies in the oil patch. The ...
Related contentOil retreats for 9th day
8 hours ago ago from CNN Money
Click chart to view other commodity prices. Prices at the pump can vary widely among states, due in large part to vastly different levels of gasoline tax. More Quick Vote Which type of investments will you focus on in 2010? U.S. stocks Emerging markets Bonds Commodities Im sticking with old-fashioned bank accounts LONDON ...
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