OLYMPIA, Wash.— The governors of California, Oregon and Washington sent a letter to Interior Secretary Sally Jewel on Thursday to stress that they don't want the possibility of drilling off of the West Coast.» Read More
U.S. retail gasoline prices have rebounded to summertime levels following the five-week bull run that has lifted crude oil prices to over $96 per barrel, according to retail surveys released this week.
US crude oil futures ended at a record close of almost $96 on Friday as robust domestic jobs data reassured investors that the current credit crunch had not affected the wider economy.
Oil prices ended down after reaching a record high Thursday, as worries over the health of the U.S. economy resurfaced.
Oil prices keep breaking record highs. What does it mean for the economy--and investors? Here's what some of the experts are saying on CNBC.
In the entertainment industry, the idea of being green is very, very cool. You can't go two feet without seeing a Prius--they're even becoming the limo-of-choice for the Oscars. I myself bought a Prius in May and I love it. Not only is it eco-friendly, but it's also incredibly convenient. Not having to fill up that often saves a ton of money, and all that time wasted at the gas station. Tons of time.
Oil surged to a record close over $94 a barrel after the Federal Reserve cut two key interest rates and U.S. oil supplies showed an unexpected decline for the week.
Oil fell more than $3 from its record high in a broad commodity sell-off sparked by uncertainty over how aggressive the U.S. Federal Reserve will be with further interest rate cuts.
Just getting a chance now to look at email to the blog and you flooded me with interest in Nanosolar! Paul Dear in Michigan: "How do you invest in it?" Jim Miller asks, "How do we invest? Why can't we plebes buy it? Don't you think a good idea deserves a rapid capital accumulation? What's the problem?"
Oil prices have been climbing for nearly two weeks straight, breaking new records almost daily. Friday's been no different with U.S. crude oil futures breaching the $90 a barrel level during the Asian morning session.
Oil closed at a record $93.53 a barrel on Monday as investors bet on another U.S. interest rate cut, the dollar struck new lows and Mexico briefly halted one-fifth of its oil production.
U.S. oil surged to a nominal all-time high of $93.20 a barrel on Monday, boosting the annual average price to $67.99.
The Supreme Court on Monday stepped into the long-running battle over the $2.5 billion in punitive damages owed by Exxon Mobil for the Exxon Valdez oil spill in 1989.
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.