Oil

Dow Chemical has been planning a multibillion-dollar joint venture with Kuwait, but plummeting oil prices have led Kuwaitis to back out of the deal. Steve Henn reports on the impact that Kuwait's decision will have on Dow.

As a center for oil profits, Houston continues to see substantial job growth. But the numbers of the hungry increase in parallel to the city's prosperity. Kate Archer Kent reports.

Every year, Alaska residents receive a check from the dividends of oil drilling. Emily Schwing asked some of them where their oil money goes.

Oil rose moderately on the United Arab Emirates' announcement of a production cut. This could indicate OPEC still has influence over the market, but some analysts still see a downward trend. Stephen Beard reports.

OPEC has vowed to make further cuts in production to help raise the price of oil. But Bob Moon reports the cartel can only really influence supply, and there's nothing they can do about crude's falling price.

Energy companies are annually required to report the size of their reserves by year's end to determine what is economically feasible. This process could make oil prices drop even further. Sam Eaton reports.

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.

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.

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.

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…