Chavez Blames U S For High Oil Prices
Venezuelan President Hugo Chavez accused the United States of driving crude to about $41 a barrel and says the U S led Iraq war is key to price hikes. He urged U S policy action as oil markets rise while OPEC members debate production quotas. Gas prices in the U S rose to about 2 06 a gallon.
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ChevronTexaco sells Western Canadian oil fields
ChevronTexaco will sell Alberta and Manitoba oil and gas fields to Calgary based Enerplus Resources Fund and Acclaim Energy Trust. Enerplus pays 340.5 million and Acclaim 317 million with a third buyer contributing about 138 million. The deal closes around June 30 with a partial asset sale to a second firm afterward.
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War looms as currencies wobble in early New York trading
The British pound rose to around 1.29 dollars from 1.7918, while the euro strengthened to 2.115 dollars and the dollar slipped to 111.77 yen. Traders noted volatility with the U.S. currency softening against major rivals amid renewed war concerns.
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Che
Greenpeace Protest Visualizes Global Warming at Exxon Mobil
Greenpeace projecting 40 foot storm imagery at Exxon Mobil in Dallas to protest inaction on climate change. Exxon spokesman Cirigliano says the protest uses fictional content, notes ongoing research at Stanford MIT on emission reductions, and faces charges as 36 protesters were arrested at Irving Texas HQ.
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