Oil

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Obama & co: Make 2009 the Year of Energy Efficiency

Dec 9, 2008
To face the long-term problem of global warming we need to be rooted in short-term reality. And the reality of the year ahead is a global recessi...
Posted In: Barack Obama, climate change, energy efficiency, global warming, Oil, solar, wind

Oil price drop not a steadying factor

Dec 5, 2008
For months, companies have been suffering from the high price of oil -- airlines, carmakers, truckers, you name it. How are they doing now that crude is down 70%? Alisa Roth reports.
Posted In: Economy, Oil

OPEC disagreement a factor in oil drop

Dec 5, 2008
Lower retail sales and a big jump in jobless claims all add up to a slackening demand for oil. Another factor for the near record-breaking drop: trouble within the ranks of OPEC. Stephen Beard reports.
Posted In: Oil

Gas is cheap, but gas wars rage on

Dec 2, 2008
Gas may be at a three-and-a-half-year low, but that doesn't stop some stations from slashing pennies off the price in a heated rivalry. Cash Peters visits two gas stations in Pasadena, Calif.
Posted In: Oil

What will OPEC do next?

Nov 28, 2008
OPEC ministers are meeting to discuss plummeting oil prices. They are expected to call for a production cut. Stacey Vanek-Smith reports that doesn't mean the OPEC member countries will actually do it.
Posted In: Economy, Oil

OPEC production cut may not prop price

Nov 28, 2008
OPEC holds an emergency session in Cairo tomorrow. They want the cartel to announce a cut in output of a million barrels a day in order to prop up the price. But Stephen Beard reports it may not work.
Posted In: Oil

Career moves for laid-off auto workers

Nov 21, 2008
GM has announced more layoffs. But while GM shrinks, the natural gas industry is doing some hiring. So could ex-GM workers go from assembling power trains to driving drill bits into the earth? Kate Archer Kent reports.
Posted In: Auto, Jobs, Oil

Why not tax gas while it's cheaper?

Nov 17, 2008
The good old days of $2 a gallon gas have returned. Why not tack on a tax to help run a fuel-efficient economy down the road? Fortune Magazine's Allan Sloan explains to Scott Jagow why this is a good idea.
Posted In: Oil

Fuel prices thwart Pickens' wind farm

Nov 12, 2008
Earlier this year, T. Boone Pickens announced a grand plan to build the world's biggest wind farm and help wean the country off gasoline. Now that natural gas prices have tanked, he's putting the plan on hold. Sam Eaton reports.
Posted In: Economy, Entrepreneurship, Oil

Less demand means cheaper oil

Nov 12, 2008
It's hard to believe that over the summer, oil was at a high of around $147 per barrel. Now, it's dropped down to less than half of that. Jeremy Hobson reports OPEC has cut production to curb a price drop.
Posted In: Oil

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