CANONSBURG, Pa.— Consol Energy reported a bigger second-quarter loss as weak coal sales dragged revenue lower and exploration costs increased. The Canonsburg, Pennsylvania, company lost $603.3 million, or $2.64 per share, compared with a loss of $24.9 million, or 11 cents per share, a year prior. Losses, adjusted for non-recurring costs, were 37 cents per share, while...» Read More
Coal is big, and getting bigger. As oil and natural gas prices soar, the world is relying ever more on the cheap, black-burning mainstay of the Industrial Revolution.
Oil rallied to a fresh record high above $92 a barrel on Friday as the dollar tumbled to a record low, Washington imposed new sanctions on Iran and gunmen shut more oil production in Nigeria.
If you think your car is an environmental monster, then be afraid, very afraid, of your house. I was covering a major home building conference last February when I heard an incredible factoid: your house leaves a bigger carbon footprint than your car. Why? Because, unlike your car, it is ALWAYS running.
Global gasoline prices rose in October, defying a seasonal fall at the end of summer when driving demand wanes, as crude prices hit record highs, a Reuters survey on Friday showed.
Oil roared to a new record over $90 Thursday as tight inventories and fresh signs OPEC will shrug off calls for additional oil from big consumer nations sent prices up more than 3 percent.
Oil closed higher Wednesday, after a sharp fall in U.S. inventories stirred up fears of a supply shortfall ahead of winter.
Kenya is the regional hub for trade and finance in East Africa. Agricultural output was reduced by a severe drought in 1999 and 2000, and recovery has been limited by widespread governmental corruption and by low prices for several primary exports. The International Monetary Fund has repeatedly suspended loans to Kenya (in 1997, 2001, and 2006) because of corruption, but GDP grew more than 5% in 2006.
Southern California wildfires moved 6 miles closer Wednesday to two nuclear reactors at the San Onofre power plant in northern San Diego County, but the utility that operates it says it is not in imminent danger.
With U.S. consumers facing higher heating costs this winter, a new government Web site gives homeowners specific, customized recommendations on how to cut their energy use and save on utility bills.
Oil fell Tuesday, as concerns about U.S. economic health and signs OPEC was ramping up output pulled prices further from the record above $90 struck last week.
An epic wave of fast-moving wildfires engulfed a massive swath of southern California on Monday, destroying hundreds of homes as more than 250,000 people were told to evacuate from neighborhoods, schools and hospitals.
Oil fell sharply toward $87 per barrel Monday, as part of a broad-based commodities sell-off on concerns over the health of the U.S. economy and a recovery in the U.S. dollar.
Opponents of coal-fired power plants say they were given a new weapon last week when Kansas became the first state to reject a coal-fired power plant solely on the basis of the health risks created by carbon dioxide emissions.
California will sue the Environmental Protection Agency next week in the state's bid to crack down on greenhouse gas emissions from vehicles, a spokesman for Gov. Arnold Schwarzenegger said Saturday.
Oil edged downward, after surging to a record high above $90 per barrel earlier on Friday. Boone Pickens offered CNBC his insights.
Arch Coal Friday that third-quarter profit fell 46 percent as a result of production cuts, missing Wall Street forecasts, but the miner said market conditions were improving.
Solar power could be the world's number one electricity source by the end of the century, but until now its role has been negligible as producers wait for price parity with fossil fuels, industry leaders say.
Oil prices extended a record rally to more than $89 a barrel on Thursday, supported byrecord weakness in the dollar, lingering geopolitical worries and tight inventories heading into winter.
Government efforts to tackle climate change are creating a "megatrend" investment opportunity that should tempt even those sceptical about the nature and pace of global warming, Deutsche Bank analysts said on Thursday.
Oil's record rally stalled on Wednesday, after an OPEC minister said the group could not rule out another output hike to cool the red-hot market and may call a formal meeting next month in Saudi Arabia.