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.
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.
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.
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.
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.
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.
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.
When gas prices increased, so did noble things like public transportation ridership and sales of fuel-efficient cars. Now that gas prices are sliding, have bad habits returned? Senior Business Correspondent Bob Moon reports.
As oil prices increased, so did Russia's stock and status. Now that oil is slumping, Russia's position and power on the international stage are diminishing. Stephen Beard has the story.
The price of corn is falling with the price of oil. While this is good news for developing countries that integrate corn into their diets, U.S. consumers may not see the price drop so quickly. Steve Henn reports.
