Blog

Gas prices or economy, experts disagree on what drives U.S. demand

By Jarrett Renshaw NEW YORK (Reuters) – Americans hit the road in record numbers this winter, reigniting a long debate that may determine whether global oil markets hold steady or tumble anew. Yet many energy economists have long argued that it is economic activity and employment, not prices, that hold the greatest sway over how much gas Americans burn each day.

Former Navy SEAL sentenced to prison for investment scheme

By Marty Graham SAN DIEGO (Reuters) – A former U.S. Navy SEAL who pleaded guilty to charges stemming from a scheme to defraud a dozen people out of nearly $1.2 million was sentenced on Wednesday to more than six years in prison. Jason Mullaney, who served in the Navy from 1993 to 2003 and spent much of his career on SEAL Team Five based in Coronado, California, pleaded guilty in