The U.S. spends $1 trillion per year on oil. That's 15% of take-home pay for everyone who pays taxes.

Families will see their living standards fall for at least a year because of the credit crisis and soaring oil prices, the Bank of England has said.

FARNBOROUGH, July 14 (RIA Novosti) - Russia may launch a joint venture with China to continue the development of a new passenger airliner, MS-21, the head of a Russian state-run aviation corporation said on Monday. "We will come to a