Think $4 for a gallon of gas is high? America's record-high prices at the pump are a mere fraction of the true cost of oil, when we figure in the lost jobs, higher taxes, terrorism threats, unnecessary wars, death and health problems caused by our
Crude falls $6.45 a barrel - 2nd largest price drop in dollar terms - as Fed chief indicates inflation and high fuel prices will cut into U.S. demand for oil. Light, sweet crude fell $6.44 to settle at $138.74 a barrel in trading on the NYME.
Infinite growth on a finite planet does not make mathematical, let alone ecological, sense. Report due 21 July is calling for nothing less than a return to pre-war Keynesianism.
Report calls for tackling the triple threats of the credit crunch, high oil prices and climate change. It calls for reining in the "distorting power" of the banking industry and investment in renewable energy.
As the price of oil and natural gas soars, many customers are looking to coal as an alternative fuel. That means a boon for suppliers -- and a potential bane for the environment.
