With a global population that now exceeds seven billion and a rapidly growing middle class, especially in developing economies such as Brazil, China, and India, resources are becoming increasingly scarce and we can no longer afford to waste anything, says CNBC.com guest blogger Terry Tamminen.

Chinese growth helped drive oil up in the last few years. Will Europe help make it fail? CNBC's Sharon Epperson reports.

CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.

The day's non-business news, including Jaguar Land Rover's new XJ Ultimate hitting the Chinese market, a solar power plane taking off in Europe, and "Star Trek" actor James Doohan's ashes getting launched into space.