Russian oil tycoon Mikhail Khodorkosky will stay behind bars. A judge this morning found him guilty of stealing millions of tons of oil. Peter van Dyk explains.
Gasoline prices are rising all across the U.S., and some are worried that consumers may begin to rein in their spending as a result, and bring the improving economy down again. John Dimsdale reports.
The African country of Ghana joined a very exclusive club today. The country began pumping oil of its coast — an oil field the country hopes will bring in $1 billion per year.
The company that owned the oil rig which exploded in the Gulf of Mexico, leading to the BP oil disaster, had a near miss in Europe just four months before.
The White House announced that it'll ban new drilling in the mid- and southern Atlantic coast and the west coast of Florida. Marketplace's Sarah Gardener reports.
Fort McMurray, Alberta may be the only town that breathed a sigh of relief when the recession came. Fort McMurray is a modern day boomtown that's struggling to keep up with near 10 percent a year growth and the flood of money from the nearby oil sands.
New technology and climate change have made it easier to drill for oil deep off the icy coast of Greenland. The country is planning to award permits to oil companies soon. Eve Troeh reports.
