Oil-hungry Australia spends more than $250 million a year to import petroleum, an outlay that hardly pleases its export-minded government. Alarmed by this drain, Australia began subsidizing oil ...

WASHINGTON (CNN)-- President Bush lifted an executive order banning offshore oil drilling on Monday and urged Congress to follow suit. Citing the high prices Americans are paying at the pump ...

WASHINGTON (CNN)-- President Bush lifted an executive order banning offshore oil drilling on Monday and urged Congress to follow suit. Citing the high prices Americans are paying at the pump ...