The price of gasoline hit a record of $1.29 a litre in major Canadian cities this week, pushed ever higher by rising oil prices, and economists say the price at the pumps appears to be pinching North American consumers. Retail
Former Federal Reserve Chairman Alan Greenspan said oil prices will keep rising as energy companies have invested too little in production and infrastructure to cope with higher demand. Companies haven't been reinvesting enough to keep supply growing in line with
A crumbling dollar helped spur this year's commodity price surge, but a rebound in the U.S. currency now does not mean necessarily that prices of industrial metals or oil will fall. Increasingly the focus is on tightening supplies of raw
A landmark new climate study released today reports that global warming is already changing the life cycles of thousands of animals and plants — as well as hundreds of physical systems — worldwide. It documents rapid glacier melts in North
We are all well aware of the crisis unfolding around us. The day of reckoning for our reckless human ways that many of us have for decades warned would be coming is here. The future is now. Peak oil, climate
Excavators have struck three oil fields with reserves estimated at about 2 billion barrels, Kurdish region’s Oil Minister Ashti Horami said. The discovery is a signal that the region, currently including three provinces, is rich in oil reserves. The find
Card companies take a percentage of sales from stations. As gas prices continue to soar, consumers may have to bear more of the costs. NEW YORK (CNNMoney.com) -- Buying gasoline with a credit card could be hurting your local independent
Where are we headed: Up to $200 a barrel? Down to $80? With little good data on supply or demand, oil's next price move is anyone's guess At around $125 a barrel, crude oil has more than doubled in price
NEW YORK (Reuters) - U.S. retail gasoline demand year-to-date declined 1 percent from the same time last year as prices for the fuel continued to rise, MasterCard Advisors said Tuesday. "We've never seen prices at this level. It really seems
HOUSTON (Reuters) - The CEO of ConocoPhillips, the third-largest U.S. oil company, said on Wednesday world crude oil supplies are adequate and not to blame for record prices, which have taken a toll on the industry. "High oil prices have
Prime minister Vladimir Putin said at the meeting in the Leningrad region that the Russian government is working on a number of tax preferences for oil companies, including reduction of mineral extraction tax rate [Russian: NDPI]. Putin believes, the measures
Rural families can slash their energy costs, improve their health and help preserve local forests by harvesting natural gas from rotting manure, researchers argue. They say the use of biogas plants, which store the decomposing manure and capture the natural
Methane is a potent greenhouse gas, warming the planet 25 times more, molecule-for-molecule, than CO2. It doesn't last as long in the atmosphere, which tempers its kick, but it's still enough to give you nightmares. As Fred Pearce has reported,
NEW YORK -(Dow Jones)- U.S. crude oil imports fell 9.3%, or 963,000 barrels a day, to 9.385 million barrels a day in March, preliminary data from the Energy Information Administration show Tuesday. March crude oil imports were the lowest in
Scientists at Bangor University are trying to copy the way that leaves create energy. As leaves, nature's most efficient form of solar energy production, are bursting into view all around us, the Bangor scientists are investigating whether it is possible
China has ordered provincial governments to replace 50 million traditional incandescent lamps with heavily-subsidized energy-efficient lights this year. In a circular published on its website on Wednesday, the National Development and Reform Commission (NDRC) set a three-million target for each...
New technology takes less space, leaves more room for vehicle's interior TOKYO - Honda's new hydrogen-powered vehicle, set for leasing within a few months, radically reduced the sizes of its fuel cell and motor. leaving the same interior space as
A corn-like plant that can grow as high as an elephant's eye on some of Earth's driest farmland shows promise as a "smart" biofuel that won't cut into world food supplies, an agriculture expert said on Monday. Sweet sorghum, used
Chinese demand for metallurgical coal and coke will drive a record-setting price rally for the raw materials used to make steel, consultants and analysts say. Coke, used in blast furnaces to make pig iron, may rise to $650 a metric
The Smart ForTwo earns the top rating for front and side impact protection in crash tests by the Insurance Institute for Highway Safety. NEW YORK (CNNMoney.com) -- The ultra-tiny Smart ForTwo earned top marks in side and front crash tests,
