• 8 countries that win and lose big from oil plunge

    Published: Tue, Dec 16, 2014

    Oil prices traded near a five-year low Tuesday, as global supply continued to outstrip demand. Since the start of the year, prices have plummeted close to 50 percent, according to USA TODAY. That decline has produced windfalls — or disasters — for a number of countries. Here's a look at four of the biggest winners and four major losers...

  • Study: Your all-electric car may not be so green

    Published: Mon, Dec 15, 2014

    WASHINGTON (AP) — People who own all-electric cars where coal generates the power may think they are helping the environment. But a new study finds their vehicles actually make the air dirtier, worsening global warming. Ethanol isn't so green, either. "It's kind of hard to beat gasoline" for public and environmental health, said study co-author Julian Marshall, an engineering professor at the University of Minnesota. "A lot of the technologies that we think of as being clean ... are not better than gasoline." The key is where the source of the electricity all-electric cars. If it comes from coal, the electric cars produce 3.6 times more soot and smog deaths than gas, because of the pollution made in generating the electricity, according to the study that is published Monday by the Proceedings of the National Academy of Sciences. They also are significantly worse at heat-trapping carbon dioxide that worsens global warming, it found.

  • Oklahoma: First U.S. Gas Station Drops Below $2 a Gallon

    Published: Thu, Dec 4, 2014

    $2 gasoline is back in the U.S. An Oncue Express station in Oklahoma City was selling the motor fuel for $1.99 a gallon today, becoming the first one to drop below $2 in the U.S. since July 30, 2010, Patrick DeHaan, a senior petroleum analyst at GasBuddy Organization Inc., said by e-mail from Chicago.

  • As oil prices plunge, wide-ranging effects for consumers and the global economy

    Published: Wed, Dec 3, 2014

    Tumbling oil prices are draining hundreds of billions of dollars from the coffers of oil-rich exporters and oil companies and injecting a much-needed boost for ailing economies in Europe and Japan — and for American consumers at the start of the peak shopping season. The result could be one of the biggest transfers of wealth in history, potentially reshaping everything from talks over Iran’s nuclear program to the Federal Reserve’s policies to further rejuvenate the U.S. economy.

  • As oil prices plunge, wide-ranging effects for consumers and the global economy

    Published: Tue, Dec 2, 2014

    Tumbling oil prices are draining hundreds of billions of dollars from the coffers of oil-rich exporters and oil companies and injecting a much-needed boost for ailing economies in Europe and Japan — and for American consumers at the start of the peak shopping season. The result could be one of the biggest transfers of wealth in history, potentially reshaping everything from talks over Iran’s nuclear program to the Federal Reserve’s policies to further rejuvenate the U.S. economy.




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