The cabinet of China has ordered that all major industrial projects must pass a “social risk assessment” before they begin, a move aimed at curtailing the large and increasingly violent environmental protests of the last year, which forced the suspension or cancellation of chemical plants, coal-fired power plants and a giant copper smelter. The NYT reports.
Oil prices may ease this week as the focus returns to a favorable outlook for supply, even as recent data suggests China’s economy is stabilizing and signs that a political compromise will be reached to avoid massive U.S. fiscal tightening emerge.
New York City drivers will wake up on Friday to the first widespread gas rationing since the fuel crisis of the 1970s, as the U.S. Northeast struggles to recover from the devastation of Superstorm Sandy and a subsequent snowstorm.
Europe’s ability to compete against the US as a manufacturing center is being damaged by rising energy costs as North America benefits from cheap natural shale gas, Germany’s biggest companies have warned, the FT reports.
The U.S. government’s controversial decision to rescue failing auto manufacturers was “absolutely’ the correct decision, the former head of Chrysler told CNBC Wednesday, arguing that the sector is on a road to recovery.
Meteorologist Todd Gross says the major issue with the nor'easter headed for the Northeast is that there are still leaves on the trees, which will cause limbs to come down.
Meteorologist, Todd Gross has the update on another major storm barreling up the East Coast.
There is a real threat of significant snow in the New York metropolitan area, reports Meteorologist Todd Gross.
In the end, the rumored pre-election release in mid-September of U.S. strategic oil reserves, aimed at easing high gasoline prices, never materialized. But if the tense political backdrop in the Middle East escalates, many believe supply threats will return to the fore, sending the price of benchmark Brent crude oil past $120 a barrel and renewing calls for a release of emergency supplies.
When the weather is bad, it generally favors Republicans, and we are forecasting rain in Northern Florida tomorrow, reports Paul Walsh, The Weather Channel; and there's a chance a winning candidate will not be announced tomorrow, with Keith McCullough, Hedgeye Risk Management founder & CEO.
Oil prices may gain this week after data from the world’s two largest economies showed growth is stabilizing, but strategists warn leadership transitions in the U.S. and China will form the next set of challenges and could undermine any rally if policymakers don’t deliver a clear roadmap on fiscal and economic reform.
Lack of electricity is the biggest issue as stations without power cannot pump, reports NBC's Tom Costello.
Long lines snaking around gas stations in New York and New Jersey in the aftermath of Hurricane Sandy could “get to gunfire” if officials don’t impose fuel rationing, an affordable energy advocate told CNBC Friday.
CNBC reached out to some executives to hear how they’ve been impacted by Hurricane Sandy and how they are adapting their business during the recovery
While rebuilding can be an offset to the losses from natural disasters, it's the general economic thinking that you rarely end up positive when all the costs are counted, reports CNBC's Steve Liesman.
CNBC's Sharon Epperson explains the process of shutting down and bringing a refinery back online. And John Hofmeister, fmr. president & CEO of U.S. operations at Shell Oil Co., offers insight on East Coast refineries in the aftermath of superstorm Sandy.
Blaise D'Antoni, Burns & Wilcox, offers insight on the damage post-Sandy.
Even those U.S. households which aren’t directly affected by Hurricane Sandy could face an unwelcome rise in their insurance premiums in the wake of this massive, drenching storm.
CNBC's Brian Shactman tells the network that property damage caused by Hurricane Sandy's powerful winds in New York is expected to be the biggest concern when officials assess the area on Tuesday.
Clean Harbor Chairman & CEO Alan McKim, says his emergency crews are ready to help customers during Hurricane Sandy, and discusses his company's acquisition of Safety-Kleen.