Stocks plummet as price of oil rises

Article Abstract:

Rise in crude oil prices and disappointing earnings from Hewlett-Packard Co. led to plummeting stocks on 12th August 2004, with Dow shedding more than 120 points, and all three major indexes reaching new year-to-date lows. The rise in the crude oil $45-per-barrel mark, trading at $45.50, up to 70 cents, on the New York Mercantile Exchange raised concerns that the Federal Reserves would have to be aggressive in further rate increase to combat inflation.

Forecasts, trends, outlooks, Forecasts and trends, Market trend/market analysis, Stock index futures

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Oil prices fall, future unclear

Article Abstract:

Companies big and small, especially the fuel-reliant transportation industry are finding it difficult to cope with skyrocketing prices for crude oil and its refined products such as gasoline, diesel fuel and jet fuel. Airline, truckers and shipping companies try to defray the high costs by using financial trading strategies that hedge their fuel expenses and where possible put fuel surcharges on customers' bills.

Management dynamics, Transportation, Transportation Services, Support Activities for Transportation, LOCAL AND INTERURBAN PASSENGER TRANSIT, Management, Transportation industry, Company business management

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Oilmen in White House, but energy woes remain

Article Abstract:

Energy costs and smaller supplies of nationwide gasoline prices have affected consumers and pushed up business expenses despite US President George W. Bush and Vice President Dick Cheney, both former oil executives were seen as most capable of tackling America's energy problems. However, Bush has created a White House task force to overhaul energy policy and boost production of oil and natural gas.

Government domestic functions, Production management, Energy policy, Bush, George W.

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