The U.S Energy Secretary Samuel Bodman is heading to Saudi Arabia where the country is holding an Oil Summit for solutions to the high oil prices. The Secretary will stay only one day in Saudi Arabia, but Bodman expects Saudi Arabia to announce an increase in the oil supply. Bodman said that the Saudis can surely increase [...]

Some relief from those record gas and oil prices could be in pipeline. Said Arabia plans to begin pumping an extra half a million barrels a day. After months of insisting that they have plenty of oil to meet real demand, the Saudis now say these prices are too much even for them, they are now [...]