In the News: May-21

Oil surges near $134 on supply woes, weak dollar - 21 May 2008 at 3:12pm - NEW YORK (Reuters) - Oil prices surged nearly $5 to a record near $134 a barrel on Wednesday after a U.S. government report showed a surprise drop in crude stockpiles, reinvigorating fears of a supply crunch.

VA opposes much of bill to improve care for women veterans - 21 May 2008 at 3:20pm - WASHINGTON — Department of Veterans Affairs officials said Wednesday that they oppose much of a Senate bill to improve care for female veterans even as the number of women seeking VA medical services is expected to double within the next five years.

Oil executives defend size, profits before Senate - 21 May 2008 at 10:43am - WASHINGTON -- Senators told oil executives Wednesday that high oil prices cannot be explained by supply and demand and the oil industry's concentration - and OPEC price collusion - is contributing to the costs facing consumers

Senate panel votes to overturn EPA on Calif. waiver - 21 May 2008 at 10:40am - WASHINGTON -- A Senate panel has narrowly voted to overturn EPA's decision to block California and more than a dozen other states from limiting greenhouse gas emissions from vehicles.

Thought for the day:
Rogues are preferable to imbeciles because they sometimes take a rest. -Alexandre Dumas (1802 - 1870)