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  • Every $10 Oil Rise Ups US Air Force Costs $610 Million Thursday, 22 May 2008 | 10:09 PM ET
    An American F-18 aircraft lands onboard the USS Nimitz on Monday, June 4, 2007, in the Persian Gulf, where the Nimitz and the USS John C. Stennis aircraft carrier groups are on patrol. The United States has its largest naval force in the region since just before the 2003 invasion of Iraq as concern grows it could attack Iran over the Persian nation's nuclear program. (AP Photo/Hasan Jamali)

    The U.S. Air Force operates the "world's largest airline" and every $10-per-barrel increase in crude oil boosts its annual operating costs by $610 million, Air Force Secretary Michael Wynne said on Thursday.

  • As Oil Prices Spike, So Does Market Anxiety Thursday, 22 May 2008 | 4:48 PM ET

    Its price has become one of the most widely discussed, debated and feared topics on Wall Street and on Main Street. But what's next? Will it continue to climb toward a "super spike" or have we seen the top for oil prices?

  • Ford No Longer Sees 2009 Profit, Cuts Production Thursday, 22 May 2008 | 4:36 PM ET

    Ford Motor warned on Thursday that it no longer expects to meet a key target of returning to profitability in 2009 and would cut production through this year in response to a slumping U.S. auto market.

  • Tell Us: Who's to Blame for America's Oil Crisis? Thursday, 22 May 2008 | 11:00 AM ET

    Tell Us: Who's to Blame for America's Oil Crisis?

  • Heavy Rain Likely to Hamper China Quake Rescue Tuesday, 20 May 2008 | 10:36 PM ET
    A man searches for his relatives in the debris of collapsed buildings at earthquake-hit Beichuan County in Mianyang of southwest China's Sichuan province, Thursday, May 15, 2008. The deadliest earthquake to hit China in decades has killed at least 19,509 people and the toll is likely to rise sharply as tens of thousands more remain buried under debris three days after the Monday tremor.(AP Photo/Color China Photo)**CHINA OUT**

    Heavy rain over southwest China on Wednesday is likely to interrupt relief efforts and raise the risk of reservoir breaches in earthquake-stricken areas, where tents have become the most-wanted item.

  • China Mourns Quake Victims, Hit by Fresh Aftershock Sunday, 18 May 2008 | 7:27 PM ET
    An earthquake survivor looks for remains from his collapsed house following last week earthquake in Leigu near the town of Beichuan, southwest China's Sichuan Province Tuesday, May 20, 2008 .(AP Photo/Oded Balilty)

    China began three days of national mourning on Monday for more than 30,000 victims of an earthquake that struck a week ago.

  • China Races to Bury Quake Dead, Manage Survivors Thursday, 15 May 2008 | 9:58 PM ET
    An earthquake survivor looks for remains from his collapsed house following last week earthquake in Leigu near the town of Beichuan, southwest China's Sichuan Province Tuesday, May 20, 2008 .(AP Photo/Oded Balilty)

    China struggled on Friday to bury the dead and offer relief to those left injured, homeless and without food and water by the earthquake that may have killed more than 50,000 people.

  • Bike Commuters Opt to Burn Fat, Not Gas Thursday, 15 May 2008 | 1:41 PM ET

    Friday may be national Bike-to-Work Day, but more and more commuters are doing it on a daily basis, driven by ever-higher gasoline prices.

  • China Intensifies Quake Rescue But Hopes Dim Wednesday, 14 May 2008 | 9:06 PM ET
    Rescuers search for victims in the debris of a hospital after the earthquake in Dujiangyan, China (AP).

    China ordered fresh waves of helicopters and aid into earthquake-devastated areas as severed roads, aftershocks and the sheer magnitude of 15,000 or more dead defied increasingly desperate rescue efforts. 

  • Congress Votes to Stop Adding Oil to Strategic Reserve Wednesday, 14 May 2008 | 3:44 AM ET
    An oil refinery in Elizabeth, N.J. is shown in this aerial photo of Wednesday, Aug. 29, 2007. Oil prices extended their rise above $78 a barrel Wednesday, Sept. 12, 2007 after finishing at a record close the previous session as a production increase from OPEC failed to calm market concerns about the availability of supplies for winter in the Northern Hemisphere. (AP Photo/Mark Lennihan)

    Congress voted overwhelmingly  to stop adding oil to the Strategic Petroleum  Reserve until crude prices fall below $75 a barrel.

  • More Troops Rushed to Help China Quake Rescue Tuesday, 13 May 2008 | 8:52 PM ET
    Rescuers search for victims in the debris of a hospital after the earthquake in Dujiangyan, China (AP).

    Thousands of Chinese troops are set to join a frantic search for earthquake survivors on Wednesday, with prospects looking increasingly grim for thousands of people buried under rubble and mud.

  • China Quake Death Toll Likely Tens of Thousands Tuesday, 13 May 2008 | 11:46 AM ET
    Rescuers search for victims in the debris of a hospital after the earthquake in Dujiangyan, China (AP).

    China's most devastating earthquake in three decades killed more than 12,000 people with the toll likely to soar after state media said on Tuesday nearly 19,000 were buried under rubble in one city alone.

  • Old Pumps Can't Handle $4 Gas Tuesday, 13 May 2008 | 7:26 AM ET

    Mom-and-pop service stations are running into a problem as gasoline marches toward $4 a gallon: Thousands of old-fashioned pumps can't register more than $3.99 on their spinning mechanical dials.

  • China Quake Kills Nearly 9,000, Toll Likely to Soar Monday, 12 May 2008 | 11:45 AM ET
    People rush to rescue students at Juyuan Middle School in Juyuan Township of Dujiangyan City, about 100 kilometers from the epicenter in southwest China's Sichuan province (AP).

    China's most devastating earthquake in three decades killed nearly 9,000 people on Monday, with the toll likely to soar as authorities struggle to reach casualties in large areas cut off from relief.

  • Goldman: Natural Gas Crunch Possible This Winter Wednesday, 7 May 2008 | 9:12 AM ET

    U.S. natural gas inventories could be at seriously low levels at the start of winter this year, if current rates of liquefied natural gas (LNG) imports remain at record lows, a Goldman Sachs report said Wednesday.

  • Indonesia May Drop out of OPEC Tuesday, 6 May 2008 | 3:48 AM ET

    Indonesia is considering quitting the Organisation of Petroleum Exporting Countries (OPEC) as the country's crude oil output had declined, the country's President Susilo Bambang Yudhoyono said on Tuesday.

  • Electricity

    Done right, the smarter grid should save consumers money in the long run by reducing the need for new power plants, which we pay off in our monthly electric bills.

  • Smarter electric grid could be key to saving power Thursday, 1 May 2008 | 8:46 PM ET

    These days the environmental consequences and unfriendly economics of energy appear unsustainable. As a result, power providers and technology companies are making the electric grid smarter.

  • Gas-Tax Holiday Wouldn't Lower Prices at the Pump Wednesday, 30 Apr 2008 | 10:16 AM ET

    On the surface at least, giving drivers a summertime "holiday" on the 18.4 cent federal gasoline tax sounds like a good idea. Too bad the idea flunks Economics 101.

  • Toy Industry Plays It Safe With Green Monday, 28 Apr 2008 | 11:33 AM ET

    Growing safety concerns over children's toys has spiked interest in the eco-friendly toy sector and companies are working quickly to tap into the growing market.