MINNEAPOLIS— A federal judge ruled Friday that part of a Minnesota law designed to promote the use of renewable energy is unconstitutional because it attempts to control business that takes place outside state borders— and she barred Minnesota officials from enforcing it.» Read More
The International Monetary Fund is opposed to general fuel subsidies to counter the high price of oil, and would prefer measures that target the poor, IMF chief Dominique Strauss-Kahn said in a newspaper interview.
Thursday, Contract oil driller Grey Wolf turned down Precision Drilling Trust's $1.6 billion unsolicited bid, opting to go forward with its acquisition of Basic Energy Services instead.
A new survey today by Auto Futures Group/TechnoMetrica concludes that people would rather buy gas/electric hybrids instead of diesel powered cars. Diesel fans will roll their eyes and say that's ridiculous, but that's the way it is.
Ford Motor is assembling a plan to retool its North American truck plants to build cars in a bid to keep up with changing consumer demand in the United States, the Detroit News reported Wednesday.
Solar energy is playing a bigger role in General Electric’s energy portfolio, and GE Energy has announced it is taking a majority stake in PrimeStar Solar.
The switch to 4 cylinders is picking up momentum, with the small engines powering almost half of all the vehicles sold last month. Yes, that's right, the 4 banger is doing a lot more than driving small and mid size cars. The reason? People are desperate to save money and these engines do that on two fronts.
If we’ve got even a prayer of having cheaper oil, it’s going to be answered by the energy companies that are actively drilling in new places.
Republican presidential hopeful Sen. John McCain called for a EU-U.S. trade pact, saying exports were a bright spot in the U.S. economy Tuesday.
Saudi Arabia's oil output increase by almost 500,000 barrels a day this quarter, to 9.54 million barrels, CNBC has learned from sources in the Saudi Oil Ministry.
Chrysler is not playing up the Challenger's HEMI engine as the classic muscle car returns. Who can blame them. The HEMI was a hot selling point a few years ago when gas was cheap and buyers clamored for power.
World oil demand will rise at its slowest pace in six years during 2008 as a raft of fuel subsidy cuts in Asia erodes consumption, the International Energy Agency said on Tuesday.
Insulation, roofing, fiberglass – who said there was just one way to make money?
When gas prices spike, the public finally opens its eyes to alternatives. It happened in the mid '70's when compact cars became big sellers. It's happening again today with hybrids flying off of lots.
OPEC is powerless to affect the volatility in world oil prices and an emergency meeting would only fuel speculation and exacerbate the problem, Nigerian Oil Minister Odein Ajumogobia said on Monday.
OPEC members said Sunday they see no need to pump more oil in response to last week's double-digit surge in oil prices to over $139 a barrel that top exporter Saudi Arabia described as unjustified.
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.
Plus, what's wrong with these Brazil stocks lately?
If speculation makes investing fun, then these stocks offer a wild ride.
With oil surging to $138.54 and being projected by some to hit $150 by July 4, it's putting immediate pressure on automakers to adjust production and push small cars and crossovers while pulling back on trucks and SUVs. On paper, this shift seems simple enough. In reality, it's not so easy.
Global gas assets, especially in countries like Australia, have become a red-hot commodity as companies race to outbid each other for the clean energy to meet a spike in Asian demand that outpaces supply.
Get the best of CNBC in your inbox