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  • Ohio Treasurer Josh Mandel speaks in Akron, Ohio, on Saturday, Feb. 18, 2012. (AP Photo/Tony Dejak)

    Candidates from both parties benefiting from domestic oil boom

    For many candidates in energy-boom states, support for increased oil and gas drilling isn't just sound policy — it's also good for their personal business.

  • Economy Briefs: Manufacturing shrinks for first time in 3 years

    U.S. manufacturing shrank in June for the first time in nearly three years, adding to signs that economic growth is weakening.

  • Economy Briefs

    Consumers spent more on cars and in big chain stores in June but falling gas prices held back retail sales.

  • Illustration: Oil by Alexander Hunter for The Washington Times

    SCHUG & GASTER: Defeating OPEC

    Squeezing the nozzle handle, staring at the ever-rising price of gas, hardworking American families are wondering when the increases will stop. Despite temporary dips in prices, the trend toward $5 seems almost unstoppable. Is that a bad thing?

  • ROD LAMKEY JR./THE WASHINGTON TIMES
John Watson, chief executive officer of Chevron Corp. (left); Marvin Odum, U.S. president of Shell Oil (second from left); H. Lamar McKay, chairman and president of BP America Inc. (third from left); James Mulva, chief executive officer of Conoco Phillips (second from right); and Rex Tillerson, chairman and chief executive officer of Exxon Mobil Corp., testify during a Senate hearing on oil- and gas-tax incentives and rising energy prices on Capitol Hill on Thursday.

    Senators scold oil executives on Hill

    With gas prices once again flirting with $4 a gallon nationally, Democratic senators called CEOs from the country's five major oil companies to Congress on Thursday for what has become a regular scolding over their high profits, and said the time has come to end tax breaks the industry enjoys.

  • ConocoPhillips CEO James Mulva (left) and ExxonMobil CEO Rex Tillerson gather their things on Capitol Hill in Washington on Thursday, May 12, 2011, after testifying before the Senate Finance Committee. (AP Photo/Alex Brandon)

    Senate Dems: Big Oil doesn't need tax breaks

    Senate Democrats challenged leading oil industry executives Thursday to justify generous tax breaks at a time when people are paying $4 a gallon for gas.

  • Economy Briefs

    Fixed mortgage rates dipped to the lowest level of the year this week. The third straight weekly decline comes at the start of the peak buying season.

  • **FILE** A Wal-Mart employee retrieves shopping carts at a store in Washington Township, N.J. (Associated Press)

    Wal-Mart remains atop Fortune 500 list

    Wal-Mart Stores Inc. remains atop the Fortune 500 list even as it struggled to keep its U.S. customers coming in the door.

  • Exxon said Monday, Jan. 31, 2011, net income grew 53 percent in the fourth quarter as oil prices rose and the company increased production.( AP Photo/Gene J. Puskar)

    Exxon profit up 53 percent; best quarter since 2008's 3Q

    Exxon Mobil earned $9.25 billion in the last three months of 2010, its most profitable quarter since the record third quarter of 2008.

  • In this photograph taken on Aug. 19, 2010, traders work on the floor of the New York Stock Exchange, in New York. Stock futures are falling as investors continue a sell-off Friday, Aug. 20, that began a day earlier over worries about the pace of economic recovery. (AP Photo/Henny Ray Abrams)

    Stocks slide as investors continue sell-off

    Stocks fell moderately Friday as investors continued a sell-off that began a day earlier over worries about the pace of the recovery.

  • Olympic swimmer asks Hill to help prevent drownings

    Olympic swimmer Cullen Jones visited Washington on Tuesday to urge Capitol Hill lawmakers and others to help reduce the number of childhood drownings, particularly among blacks, who are roughly three times more likely to die in such accidents.

  • State monopolies nudge out Big Oil

    Exxon Mobil, the world's largest corporation, is much criticized for raking in huge profits and polluting the environment, but could the epitome of Big Oil some day become an endangered species?

  • Venezuela: Spirit of the Monroe Doctrine

    Recent events in the South American country of Venezuela are disturbing, or at least should be to all clear-thinking people.

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