Energy

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.

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...

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...

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.

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...

10th Annual Platts Global Energy Awards Salute Winners in Three New Performance Categories (PR...

As part of the prestigious Global Energy Awards presented here last night, Platts announced winners in three newly-created or updated performance award categories: Peabody Energy for "Strategic Energy Investment of the Year,"...

Energy shares send TSX tumbling as oil moves closer to US$40; N.Y. also declines

TORONTO - The Toronto stock market shed more than 200 points Thursday as commodity stocks were hammered by lower metal and oil prices. The S&P/TSX composite index surrendered 239.14 points to finis...

Markets Skid in Late Selloff

Jobs Cuts Weigh Ahead of Payrolls Report Stocks declined and oil hit lows unseen in nearly four years Thursday as fears of a prolonged world-wide recession unnerved investors. Central bankers cut interest rates in Europe and...

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