CSP Daily News

Wednesday, April 10, 2002 VOLUME 2 ISSUE 69  

FOODSERVICE
Wendy's Green on Salads
First-quarter performance better than expected, it says
BEVERAGES
Malternative Labels to Be Clarified
Spirit ingredient references must be eliminated
TECHNOLOGY
Sinclair Selects PDI
Oil company inks software and services deal
PETROLEUM
Exxon Responds on Boycott Emails
Details reasons for rising prices
Phillips Petroleum Updates Financials
Downstream weakest in years, major says
FINANCIAL
Kmart May Close 700 More Stores, Penske Says
Feud over auto service centers continues
PEOPLE
Allumbaugh Elected to Pantry Board
Former oil, grocery exec becomes c-store company director

RECENT ISSUES
CSP Daily News
April 9, 2002
Vol. 2 Issue 68
CSP Daily News
April 8, 2002
Vol. 2 Issue 67
CSP Daily News
April 5, 2002
Vol. 2 Issue 66
CSP Daily News
April 4, 2002
Vol. 2 Issue 65
CSP Daily News
April 3, 2002
Vol. 2 Issue 64

[MORE]

Oil Prices May Hurt Recovery
President may consider relief measures; Abraham to address retailers

WASHINGTON -- President Bush told the Wall Street Journal that rising oil prices could damage the country’s economic recovery, but he is prepared to consider measures to ease the pain if Iraq's decision to stop oil exports for a month compounds the problem.

The president refused to rule out tapping into the nation's strategic petroleum reserves or cutting gasoline taxes if necessary, the Journal reported. "Bad energy policy, or the failure to have energy policy, or the fact that we're dependent upon unstable countries is a reason why I do not believe that we’re out of the economic woods yet," Bush said during the exclusive Oval Office interview.

FULL STORY
 

Newcomb Oil to Operate Five
Will run five of its 44 former Duke & Long sites; plans to sell remainder

BARDSTOWN. Ky. -- Newcomb Oil Co. is expected to operate five of the 44 closed Paducah, Ky.-area convenience stores it is buying from bankrupt Duke & Long Distributing and sell the rest, says a report in the Paducah Sun, citing Donnie McKinney of Coldwell Banker Marshall Realty.

The five units that McKinney identified include one Chevron, two BP and two Citgo-branded stations.

FULL STORY
 

DAILY POLL

What is the best action the President can take to keep climbing crude prices from hindering the economic recovery?

Reduce federal gasoline taxes.

Tap the Strategic Petroleum Reserve.

Push harder to open the Arctic National Wildlife Refuge to drilling.

No action is the best move at the moment.

I'm not sure.

 See Results

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