REARDAN, Wash. - Mom-and-pop service stations are running into a problem as gasoline marches toward $4 a gallon: Thousands of old-fashioned pumps can't register more than $3.99 on their spinning mechanical dials. The pumps, throwbacks to a bygone era on
Driving less? More than two-thirds of car owners already are. It's a natural reflex to $50-$70 tank fill-ups. But US drivers may also know it's time to pay a price to curb global warming. That may be one reason they
The concentration of carbon dioxide in the atmosphere has reached a record high, according to new figures that renew fears that climate change could begin to slide out of control. Scientists at the Mauna Loa observatory in Hawaii say that
Segment features speculation by reporter and 'peak oil' analyst, with no counter-arguments from today's reality. As if record-high gas prices weren’t enough, CNN’s "Your " speculated about "what if" oil were to spike to $200 a barrel. "Well, if you
Centrica, the owner of British Gas, sits between a rock and a hard place. Every time it raises prices for its millions of domestic gas and electricity customers it risks a consumer backlash. This January's price hike is the main
PORTLAND, Ore. — Senator John McCain sought to distance himself from President Bush on Monday as he called for a mandatory limit on greenhouse gas emissions in the United States. Mr. McCain, the presumptive Republican presidential nominee, also pledged to
Bloomberg) -- Chrysler LLC, the automaker owned by private-equity firm Cerberus Capital Management LP, canceled plans for a new sport-utility vehicle and is instead investing in a compact car. The company won't build a Chrysler brand version of the Dodge
TOKYO (Reuters) - Arctic ice is melting fast and the area covered by ice sheets in ocean could shrink this summer to the smallest since 1978 when satellite observation first started, Japanese scientists warned in a report. Ice sheets in
Eni, Italy's largest oil company, and partners developing the Kashagan oil field in the Caspian Sea may delay production by as much as two years, the fourth postponement at the 7 billion- to 9 billion-barrel Kazakhstan discovery. The start of
Some conservatives may indeed look down their noses at rubbing shoulders with the hoi polloi on buses and subway trains. But the antipathy expressed by the right toward the peak oil camp (which is where Krugman is positioning himself, even
The Oil Bubble: Set to Burst?" That was the headline of an October 2004 article in National Review, which argued that oil prices, then $50 a barrel, would soon collapse. Ten months later, oil was selling for $70 a barrel.
As China and India rise, diets change and demands soar BEIJING — Nothing about the lunch rush at a McDonald's in China would feel out of place in America: Students huddled around video games and fries; a computer salesman scarfing
TAIPEI - Saudi Arabia has threatened to halt oil exports to Taiwan over Taipei's reluctance to invest in Saudi Arabia's power and water desalination plant, a report said Monday. Saudi Arabia feels cheated by Taiwan's delay to invest in the
LONDON (AFP) - The price of crude oil struck a record high 126.40 dollars a barrel on Monday amid tensions in the Middle East and ongoing supply fears in Nigeria, traders said. New York crude beat its all-time peak of
FROM Capitol Hill to Wall Street to the campaign trail, the recent surge in oil prices is quickly threatening to supplant the mortgage crisis as the country’s leading economic issue. Last week, prices for crude set another record, finishing at
It isn't hard to see why I am an oil shale skeptic. I outlined my reasons in two essays on oil shale. In those essays, I provided some history of oil shale, discussed Shell's unique process, as well as the
MOSCOW (Reuters) - Russia's oil output decline is likely to continue as its tax policy prevents oil firms from investing enough in new greenfield production, a magazine quoted the head of Russian oil major LUKOIL as saying on Monday. Vagit
DOHA (Reuters) - The sharp rise in oil prices is bad for everyone and tough decisions are required to both cut consumption and meet higher demand, French oil major Total's CEO said on Monday. "There is a problem of supply
KUALA LUMPUR — In what he says is a move to ease the burden on the people, Malaysian Prime Minister Abdullah Ahmad Badawi said more money will be spent subsidising oil and gas this year than on developing the country.
WASHINGTON (AP) — An Energy Department report concludes that wind turbines can produce a fifth of the nation's annual electricity needs within about two decades. That is about the same share of electricity produced today by nuclear power. Wind energy
