Oil

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OPEC makes record cut in production

Dec 17, 2008
Alarmed by the plummeting price of oil, OPEC ministers today announced a record cut in future output -- 2.2-million barrels per day beginning Jan. 1. Even so, prices on world markets hit four-year lows today. John Dimsdale explains why.
Posted In: Oil

OPEC plans production cuts

Dec 17, 2008
OPEC is meeting in Algeria today, and OPEC and non-OPEC countries alike said they'd try to cut production to try to boost oil prices. But John Dimsdale reports Americans might not notice much difference.
Posted In: Oil

Gas prices low while oil imports high

Dec 11, 2008
The U.S. trade gap widened in October because of a record rise in the amount of oil imports. What does that mean for gas prices? Sam Eaton reports.
Posted In: Economy, Oil

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

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