Getting your player ready...
ROME — U.S. Energy Secretary Steven Chu said Saturday that the world wants oil prices to remain stable, warning that a spike could harm the economic recovery.
Speaking in Rome where he is attending an energy meeting of the Group of Eight industrialized countries opening today, Chu said that both the oil producing and the oil consuming countries have an interest in keeping energy prices stable.
Also on Saturday, Chu signed a bilateral agreement with Italy to cooperate on carbon capture and sequestration — a process to store greenhouse gas carbon dioxide underground.
