Stories tagged "oil"

America consumes 31.2 billion water bottles a year taking 17.6 million barrels of oil to create them. Enough to fuel 1.5 million cars for a year. America consumes 100 billion plastic bags a year taking 12 million barrels of oil. World figures?

It's all about the inflation. India is reeling under the pressure of high inflation rate, which has touched the double digit mark. Fiscal measures from the RBI have failed to check the inflation.

The U.S. Commodity Futures Trading Commission, the watchdog for commodity transactions, is investigating U.S. crude oil trading to determine whether the surge

9 alternatives to crude oil that could be cartel busters and see a return to energy independence.

I'm not alone in my optimism. Michael Lynch, head of an energy consulting firm in Massachusetts, told the Associated Press the current price of gasoline "is the peak or very close to it." Analysts at the investment bank Lehman Brothers say we may see $80

Imagine corralling an aquatic oil spill with a ring of magnets — and then dragging that magnetic fence to some convenient spot where the fuel can be sopped up.

BBC reporters examine how the soaring cost of oil is affecting economies around the world.

Jittery about a political backlash over gasoline costs, Congress voted to halt deliveries to the Strategic Petroleum Reserve in defiance of President Bush. While Bush disagrees with the decision, he won't veto bill expected to cut a few cents off gas.

BUDAPEST -- During the Cold War, the balance of power was measured in nuclear warheads. Now a new kind of contest is playing out. The battlefield is Europe's energy market. The objective is pipeline proliferation. And Russia is winning.

Retail gas prices rose further above a national average of $4 Monday, and are likely to keep rising as distributors and retailers hike prices in response to last week's unprecedented oil price rally. Oil futures, meanwhile, retreated as investors sold to