U.S. highway fund crushed by cutback in driving
NEW YORK (CNNMoney.com) -- An unprecedented decline in driving will deplete the federal Highway Trust Fund by the end of September prompting the government to ask Congress for an $8 billion emergency infusion Friday.
Gasoline sales are crucial to maintaining the nation’s highway infrastructure. About 90% of the fund’s total revenues comes from taxes on motor fuels, according to a July report from the Congressional Budget Office.
Without the additional money, the Department of Transportation will not be able to fully reimburse states for their highway investments. Already in September, department officials are projecting getting $4.4 billion in state requests but collecting only $2.7 billion in revenues.
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Brazil May Have 70 Billion Barrels of Oil Near Tupi
(Bloomberg) -- Brazil has between 30 billion and 70 billion barrels of oil in its so-called pre-salt fields near the T...
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London, November 9 (ots/PRNewswire) - Platts - The 13 members of the Organization of the Petroleum Exporting Countries (OPEC) pumped an average 32.26 ...... more
The 13 members of the Organization of the Petroleum Exporting Countries (OPEC) pumped an average 32.26 million barrels per day (b/d) of crude oil in October, according to a Platts survey of OPEC and oil industry officials just released. This is a 210,000 b/d decline from the September level of 32.47 million b/d.
Excluding Iraq, production [...]... more
ADOTAS – Capitalizing on America’s newfound obsession with everything finance-related, Bloomberg Television will provide video for AOL’s Money & Finance portal. This is a first for Bloomberg, which has never offered its videos outside of Bloomberg.com.
AOL’s money site will feature 20 new finance-related video clips from Bloomberg Television a day during the work week. AOL’s financial coverage already includes news videos from CNBC, Reuters and CBS Business.
AOL is pitching the partner... more
Wherever business news breaks around the world, Bloomberg Television is there.
Author: asterbot88
Keywords: bloomberg, television, wall, street, finance, news, business, money
Added: November 05, 2008 20:56
... more
Während dieser Woche, in der die führenden europäischen Wirtschaftsnationen ihre Wachstumszahlen für das dritte Quartal vorlegen, wird BLOOMBERG TELEVISION(R) seinen Zuschauern einen detaillierten Überblick über die wirtschaftliche Realität des Kontinents, die Gefahr einer Rezession und die Aussichten für eine Erholung der Wirtschaft geben.
(more…) ... more
BAYOU BLUE - When Hurricane Gustav strafed the home of 3-year-old Chase Adams, all of the firefighter-related decorations in the little boy’s room were ruined.... more
As regular readers will know, I've been engaged in extensive home repairs after a small house fire in August, followed by further damage caused by Hurricane Gustav in early September. It's been a long, exhausting process, ... ... more
The WSJ has a decent article describing the current financial crisis and pulling no punches:
Debt Reckoning: U.S. Receives a Margin Call
The U.S. is at the receiving end of a massive margin call: Across the economy, wary lenders are demanding that borrowers put up more collateral or sell assets to reduce debts.
The unfolding financial crisis -- one that began with bad bets on securities backed by subprime mortgages, then sparked a tightening of credit between big banks -- appears ... more
Deffeyes: Seven Deadly Sins
1. Thou shalt not drive an SUV at 70 miles per hour on the freeway, with the air-conditioner running, just to pick up a half gallon of milk at the grocery store.
2. Thou shalt not waste energy and water by enjoying long hot showers.
3. Thou shalt not vote for a presidential candidate who does not speak up about peak oil.
4. Thou shalt not read the writings of Michael Lynch, Daniel Yergin, Jed Mouawad, or ExxonMobil. Pray that they may soon reco... more
Eliot Spitzer’s historic fall from grace was a blow to many progressives who believed that he would reform New York’s dysfunctional state government, but his replacement may be equally transformative, but from a Peak Oil perspective.
David Paterson will be the nation’s first legally blind Governor and only the fourth African American governor (New York’s first)since Reconstruction ended. As I wrote back in 2006, Lieutenant Governor David Paterson is no... more
US fuel dealers seek emergency heating oil release
NEW YORK, March 14 (Reuters) - U.S. heating oil distributors are planning to ask the government to release emergency heating oil supplies as part of a package to ease a cash crunch this winter, a source said Friday.
The squeeze for dealers has been caused by delayed payments from low-income customers and sky-high prices for their own fuel inventory and mirrors problems faced by the sector in 2004 when a run-up in prices pushed ... more
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