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

Even Dubai feels economic pain

Nov 11, 2008
Dubai's dream of having the biggest and best of everything was believed to be impervious to global economic slowdown, but Kelly McEvers reports there are signs the city is feeling economic malaise too.
Posted In: Economy, Oil

BP focuses on U.S. wind energy

Nov 7, 2008
BP has dropped its plans to build an onshore wind farm in the U.K. and will now spend billions of dollars on wind energy in the U.S. Stephen Beard reports why the company is drawn to westward initiatives.
Posted In: Oil

America needs modern industries

Nov 4, 2008
In the most recent issue of Harper's, Eric Janszen, founder of iTulip.com, calls for a broad re-industrialization of the American economy. Kai Ryssdal talks with him about putting strength back into the country.
Posted In: Economy, Entrepreneurship, Investing, Jobs, Oil, Science

Is the ethanol industry tanking?

Nov 3, 2008
Ethanol's future as alternative fuel isn't looking so bright right now. Goldman Sachs has abandoned analysis of the industry and the largest publicly traded producer has filed for bankruptcy protection. Steve Henn has more.
Posted In: Agriculture, Economy, Oil