MIAMI— One of the most prolific oil and gas basins on the planet sits just off Cuba's northwest coast, and the thaw in relations with the United States is giving rise to hopes that Cuba can now get in on the action. As a result, Cuba produces just 55,000 barrels of oil per day. Cuba needs 155,000 barrels per day, and it fills the gap with oil from Venezuela, part of a trade...» Read More
Congress and the White House are hoping to reach a final deal Tuesday to provide $15 billion in loans to troubled U.S. automakers. CNBC asked market insiders and members of Congress to share their insight on a bailout for the industry.
Oil markets should brace for a surprise decision on output cuts when OPEC meets Dec. 17, the cartel's president said Saturday, suggesting that reductions could be deeper than expected.
The economic downturn has decimated the market for recycled materials like cardboard, plastic, newspaper and metals.
First off, how much more carbon intensive is it to buy food from the next continent over rather than the next county? Not all that much. In a Reason article called “The Food Miles Mistake,” Ronald Bailey lays out some of the facts about carbon emissions caused by the production and transportation of food.
Looking to save cash and the environment at the same time? This site is for you.
Oil prices are expected to stay around $50 a barrel through next year, but that may not give much of a boost to consumer spending, the economy or stocks.
This time, GM Chief Rick Wagoner will drive a company car to Washington instead of flying by corporate jet as he seeks a government bailout, a spokesman says.
The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed.
Not everyone can afford solar panels on the roof. Here's a pair of easy things you can do to lower the monthly bill.
Sales of many high-end luxury cars are bucking the trend of plummeting car sales, and their makers and industry watchers at the Los Angeles Auto Show this week are confident that they will weather the industry downturn just fine.
As Capitol Hill wrestles with a bailout of the Big Three Detroit automakers, CNBC decided to look into the Senate representation of the U.S. automotive manufacturing base. What follows is a state-by-state compilation of auto plants:
Chrysler hopes to restart merger talks with General Motors if the government comes up with a bailout package for automakers, the Financial Times reported Thursday.
The results of Election Day served as a warning from your twentysomething employees and future recruits; America’s educated young—that they are increasingly cognizant of, and proactive about—the urgent need to address global warming.
If the US auto industry is to survive, it will have to undergo a major transformation—slashing operations, focusing on fewer models, shedding dealerships and making better cars, analysts say.
When it comes to sustainability, Dell is thinking big -- and small. And it's the big things that are paying off the most.
Like many companies, the Marriott International has a number of energy-saving, environmentally-friendly initiatives, but with 300 hotels, 300,000 employees and millions of guests around the world the company says it has "a real ability to educate and inspire" employees and customers alike.
Steven Strong, president of Solar Design Associates, recalls standing on the roof of the White House with President Jimmy Carter more than 30 years ago when Carter dedicated the first solar system there. He also remembers when the Reagan administration consigned that system to the dumpster. " “I made it a career goal to get solar back on the White House, " says strong. And he did.
United Auto Workers President Ron Gettelfinger said it is critical the Big 3 receive a financial aid package from Congress to avoid one or more of Detroit's auto makers from sliding into a Chapter 7 bankruptcy.
Democratic congressional leaders plan to begin work next week on a financial bailout for the troubled U.S. auto industry.
The government may let more borrowers qualify for a $300 billion program designed to let troubled homeowners swap risky loans for more affordable ones, a top Bush administration official said Wednesday.