Alaska Pipeline Shutdown Has Immediate Impact on Oil Prices

BP (BP), ConocoPhillips (COP) and Exxon Mobil (XOM) have cut their oil production from Alaska’s Prudhoe Bay field by 95% after a leak was discovered in the Trans-Alaska Pipeline. No one is certain how long the leak will take to fix. It appears to be in…

The Ascent of Apple Stock Price Slows

Apple (AAPL) shares closed Thursday at $333.73, very near an all-time high. Some analysts have price targets on the stock above $450. If Apple shares reached that level, the tech giant would likely pass Exxon Mobil (XOM) as the most valuable U.S.-liste…

Oil Industry Plans Record Spending in 2011

One would think that BP’s massive Gulf of Mexico oil spill this year would have given pause to the global oil industry, but that doesn’t appear to be the case. Companies in the sector are planning to spend a record $490 billion…