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.
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.
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.
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.
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.
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.
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.
