Energy, Utilities & Mining

Oil tumbles below $44 a barrel, gas hits new low

By Associated Press Thursday, December 4, 2008 - Added 2m ago COLUMBUS, Ohio — Oil tumbled below $44 a barrel today and average gasoline prices slipped under $1.80 a gallon, both four year lows, as unemployment benefit claims...

Oil steadies below $44, at lowest in almost 4 yrs

SINGAPORE (Reuters) - Oil was steady below $44 on Friday, at its lowest in almost four years, with eyes turning to the psychologically important $40 level as a widening economic slowdown gnaws into oil demand.

Government Declares a National Emergency

Zimbabwe's government has declared a national emergency in an attempt to deal with a cholera epidemic, but with the collapse of services like health, sanitation, refuse collection and water supply it is unclear how the country...

Hawaii is Game for Electric Cars

The state is on board for a new plan that involves building an electric vehicle transportation system, complete with a slew of web-based battery recharging stations. "The plan, the brainchild of the former Silicon Valley...

Obama Goes Quiet on Big Oil Tax as Prices Drop

The plan was for a windfall-profits tax for oil over $80 a barrel. Now that it's under $50, some are upset that the issue is being dropped President-elect Barack Obama won't pursue a windfall-profit tax on oil companies because...

Russia's Medvedev set to sign nuclear deal in India (AFP)

by Stuart Williams Stuart Williams – 4 mins ago AFP – Indian Minister of State for External Afairs Anand Sharma (right) shakes hands with Russian President … NEW DELHI, Dec 5, 2008 (AFP) – President Dmitry Medvedev is scheduled...

Countries looking to US leadership on climate

Countries around the world are looking to the new U.S. administration for leadership in reaching a global climate treaty next year but no nation will be able to singlehandedly deliver a final agreement, a senior U.N. official...

Recession Clouds Chances for EU Climate Treaty

By LEILA ABBOUD PARIS -- Poland has opposed an EU climate pact because, it argues, the rules will cause huge increases in electricity prices and potentially cripple its economy. French President Nicolas Sarkozy is scheduled to...

Poor outlooks, energy batter stocks

NEW YORK (Reuters) - Stocks fell on Thursday as a sharp decline in oil prices sent the energy sector tumbling and disappointing profit outlooks from large companies such as Merck raised the specter of a worsening economy.

Groups protest drilling-lease auction in Utah

Conservation groups filed formal protests Thursday against what they call a "fire sale" of oil-and-gas drilling leases in Utah being conducted by the U.S. Bureau of Land Management. The Sierra Club, The Wilderness Society and...

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Energy , Utilities , Mining