DES MOINES, Iowa-- Solar energy would get a big boost in Iowa if a bill passed Thursday in a Senate committee becomes law. The bill, approved by the Senate Ways and Means Committee, would increase the annual cap for solar tax credits to $4.5 million from the current $1.5 million.» Read More
Here we go again. Oil is spiking higher (over $107 a barrel) and the folks in the auto industry are once again projecting that $4 a gallon gas may be here this summer. It's sparking a new round of discussion about whether this will prompt people to change their driving habits or the type of cars/trucks/SUVs people will buy.
U.S. oil major Chevron plans to develop two multi-billion dollar gas projects in Asia, amid forecasts of surging gas demand and rising prices.
Continued military tensions between Colombia and its neighbors Venezuela and Ecuador--both OPEC members--are expected to keep upward pressure on oil prices. But analysts say it won't cause a significant spike in crude as long as armed conflict is avoided.
As prices rise for fossil fuels and worries grow about their contribution to global warming, solar thermal plants are being viewed as a renewable power source with huge potential.
It was all about beautiful cars and gorgeous girls as CNBC took to the ground for the 78th Geneva Motor Show, where automakers revealed their latest models, concept cars and technical and environmental innovations for 2008.
Here's something that should make you realize what crazy times we are living in: 9-year auto loans are popping up around the country. That's right, it wasn't a typo. Nine years! 108 months! Almost a third of the time used to pay off a conventional mortgage!
Applied Materials, a supplier of computer chip-making equipment, said Tuesday it has signed a contract valued at $1.9 billion with a privately held company based outside the U.S.
You'd expect oil prices to take a bit of a breather after yesterday's record-breaking run that took NYNEX crude oil futures to an all-time high of $103.95/barrel intraday, surpassing the inflation-adjusted record reached more than a quarter century ago.
Amid the gloomy comments from auto executives at the Geneva Motor Show, the unveilings of several important new models are being overshadowed. Take the new Ford Fiesta. This compact car is being sold in Europe, but the design cues and architecture behind this car will be the underpinnings of compact cars the automaker will roll out in the U.S. in the future.
In a series of exclusive live appearances on CNBC's Squawk Box this morning, Warren Buffett told us that by a "common sense definition", the U.S. economy is already in a recession, even if it hasn't met the technical definition of two consecutive quarters of negative growth. He restated, however, his view that over the long-run the U.S. economy will do fine and that each generation will live better than the one before it.
Ford Motor said Monday it would eliminate shifts at four U.S. plants and lay off some 2,500 workers -- or almost 5 percent of its remaining work force -- as part of an effort to cut costs and return to profitability next year.
Venezuela wants next week's OPEC meeting to discuss its escalating legal battle with Exxon Mobil, a Venezuelan official was reported by Algeria's official APS news agency as saying on Saturday.
U.S. motorists may face gasoline prices as high as $4 a gallon this summer as crude oil costs smash records, painting a bleak picture for consumers already feeling the pinch of an economic slowdown.
A big chunk of new speculative money that has poured into energy futures has gone into options, which can now play a bigger role in driving the ups and downs in the price of crude oil.
Ford Motor expects to produce 685,000 vehicles in North America during the first quarter of 2008, 55,000 fewer than the first three months of last year, the company said in a report filed Wednesday with the Securities and Exchange Commission.
The presidential hopeful lays out her plans for housing, energy and healthcare. Check out Cramer's exclusive interview.
Another record day for oil prices Tuesday, with Nymex crude settling above $100 for the second time in a week. What a run! Oil hit a low of $86 earlier this month and now its trading near $101. Today, we noticed some major similarities and differences with last week's sharp surge...
Trading the sectors immune to inflation worries, with Jon Najarian.
In sectors of the industrial economy, especially those directly affected by growing global demand, orders cannot be processed fast enough, hiring is rampant, products and services are being cranked out in record amounts and stocks are responding.
Legendary oilman Boone Pickens said Thursday he is shorting both the oil and natural gas markets in the belief prices will stage a short-term pullback.