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Output and earnings weak in Britain
WASHINGTON, May 11 (UPI) -- Congressional Democrats are taking aim at big oil companies as U.S. gasoline prices near a record average $3.05 a gallon.
Although industry experts doubt it will have any effect, half a dozen senators gathered in front of a Washington service station to push their own remedies to the situation, the Washington Post said.
The latest average price for a gallon of unleaded regular gas was $3.042, according to the AAA Fuel Gauge report.
Sen. Charles Schumer, D-N.Y., called on Congress to consider breaking up the giant companies. Sen. Bernard Sanders, I-Vt., pushed for a windfall profits bill.
Sen. Maria Cantwell, D-Wash., promoted her anti-price-gouging bill, which the Senate Commerce Committee adopted earlier this week.
The U.S. government's Energy Information Administration
predicted regular unleaded gasoline would average $2.95 a gallon this summer, 11 cents a gallon more than last summer.
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Cuba is reportedly sitting on vast underwater oil and gas reserves, but none came up in the latest exploration, a joint Chinese-Spanish undertaking.
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LONDON, May 25 (UPI) --
Military pilot training and training aircraft were in the news this week, with European companies reaping more than $3 billion in contracts.
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First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
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The photos are familiar, but the captions are not, as economic tension skips across the continent of Europe.
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