Special Report: America's Oil Crisis

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    Energy officials from the world's top consumer nations met to discuss ways to tame record prices on Saturday, a day after oil's biggest one-day surge on record. The U.S. energy chief singled out cheap fuel in Asia -- notably  China and India -- as part of the problem.

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    President George W. Bush will make an announcement on Wednesday about energy and call on Congress to pass legislation lifting a ban on offshore oil drilling, the White House said.

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    President Bush urged Congress to end a ban on offshore oil drilling, seeking to address rising consumer angst over gasoline prices.

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    The seemingly endless surge in energy prices is lightening wallets at gas stations, but it's also a potential bonanza for investors.

  • As President Bush called for dropping the ban on offshore oil drilling, CNBC asked the experts how to profit from oil.

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    In recent years, this global shortage of drill-ships has created a critical bottleneck, frustrating energy company executives and constraining their ability to exploit known reserves or find new ones. Slow growth in oil supplies, at a time of soaring demand, has been a major factor in the spike of oil and gasoline prices.

  • Aussie Market Preview

    High oil prices will continue to affect Friday's Aussie trading session, despite a pullback overnight. Mark Southwell-Keely, director at Select Equities tells CNBC's Amanda Drury the stocks he is watching.

  • Overpriced Oil

    Oil at $130 a barrel is overpriced, say Lim Say Boon, chief investment strategist at Standard Chartered Group Wealth Management & Paul Larson, equities strategist at Morningstar. They discuss where oil prices are headed and its impact on the markets, with CNBC's Martin Soong & Sri Jegarajah.

  • Blame It On Speculators

    Paul Larson, equities strategist at Morningstar & Lim Say Boon, chief investment strategist at Standard Chartered Group Wealth Management agree that speculators are responsible for driving the price of oil higher. They discuss the fundamentals supporting oil prices, with CNBC's Martin Soong.

  • Diversification is Key

    Lim Say Boon, chief investment strategist at Standard Chartered Group Wealth Management tells CNBC's Martin Soong how he hedges his investments from volatility and inflation.

  • Investing in Uncertain Times

    Surging oil prices and uncleared credit market losses will keep equities volatile over the next two quarters, notes Lim Say Boon, chief investment strategist at Standard Chartered Group Wealth Management. He discusses the current market conditions with CNBC's Martin Soong.

  • US Weakness to Continue

    Weaker economic data from the U.S. will weigh on the dollar in the medium-term, says Jonathan Cavenagh, currency strategist at Westpac Bank. He looks at the major crosses in his discussion with guest host, Lim Say Boon from Standard Chartered Wealth Management & CNBC's Martin Soong.

  • Two Key Risks in Asia

    Asian markets face two key risks -- inflation and what oil prices will do, according to Tham Mun Hon, regional strategist at ABN AMRO. He tells CNBC's Martin Soong what Asian central banks might do to address these problems.

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