Oil

We're taking you back to the basics with our summer refresher course on finance terms. Today, what exactly is a barrel of oil?

French energy company has decided not to invest in a project to develop natural gas fields in Iran. Renita Jablonski talks to Financial Times Chief Energy Correspondent Carola Hoyos about what kind of message this sends.

Despite oil rising on concerns over Iran's missile testing, it still saw a significant drop yesterday of about $5 a barrel. Stephen Beard reports the price could drop even further once Iran anxiety passes.

Landowners who've allowed energy companies to drill on their property often got the short end of the stick, but one man's seminars have helped them land better deals. Ann Murray reports.

Skyrocketing oil prices are just the latest force pushing the scramble for cheap fuel, a search that commentator and economic historian John Steele Gordon says is as old as humanity itself.

Ridding ourselves of foreign energy sources is nothing but a myth according to "Gusher of Lies" author Robert Bryce. Host Bob Moon talks with Bryce about setting realistic energy goals for the U.S.

A leaked World Bank report claims 75 percent of the increases in the price of wheat can be attributed to biofuel production. Stephen Beard reports.

Oil prices have doubled in the last year because demand is growing and supplies are tight, according to the International Energy Agency. But a report out says there's little evidence that speculation is to blame. Amy Scott has more.

The U.S. military is a big customer for oil companies, and the price hike per barrel means a much higher bill this year. Jeremy Hobson reports how fuel could factor in and change the budget.