Philip K. Verleger, a well-known expert on the economics of oil, says that the current price of oil, which has dropped below $70 a barrel, has probably peaked for the moment. Yet he warns that any pr…

The sharp drop in support for the ruling United Russia party in parliamentary elections reflects growing public discontent with Vladimir Putin’s decision to seek the presidency again next year, says …

Hurricane Katrina caused severe damage to U.S.refinery and production capacity in the Gulf of Mexico. Oil prices briefly spiked to above $70 per barrel before dropping after President Bush decided to…

After Hurricane Katrina struck the United States’ Gulf Coast, leaving an estimated $200 billion damage in its wake, countries from around the globe lined up to offer material aid, cash, and condolenc…

Former Republican presidential candidate Ron Paul says he is working to reclaim what he calls the traditional values of the GOP, including limited government and less involvement in military campaign…