Firstly, I would say that the energy prices that currently seem stubbornly high should fall substantially as the speculative premium evaporates and demand falls on a resumption of the credit crunch. The sucker rally that has spawned all the talk

Bloomberg) -- Exxon Mobil Corp., PetroChina Co. and Royal Dutch Shell Plc are battling slumping fuel demand as oil majors seek to rebuild profits battered by the global fallout from the worst U.S. downturn since the Great Depression.Exxon Mobil’s U.S.

NOVO-OGARYOVO, Russia (Reuters) - Russian Prime Minister Vladimir Putin said on Friday that Ukrainian President Viktor Yushchenko risked provoking a new gas crisis that could disrupt supplies to Europe."It looks like we will again have problems with energy payments," Putin

Nothing is shrinking faster these days than global trade. For the first time in decades, world trade volume, the lifeblood of the global economy, is actually falling. And chances are that downsizing is here to stay.One reason global trade is

The problem of global warming is so big that solving it will require creative thinking from many disciplines. Economists have much to contribute to this effort, particularly with regard to the question of how various means of putting a price

The world’s first peak-oil recession has come to a close, according to third-quarter numbers invented by the federal government. Apparently dumping trillions of dollars onto big banks, insurance companies, and automobile manufacturers interrupted the plummeting descent of American Empire. The

What it [the Saudi move] really speaks to is the demand shift in oil away from the U.S. and to other places in the world. That's what's really driving the bus," said Jeff Rubin, the former CIBC chief economist and

IT COULD take a "perfect storm" to create electric cars that match gas-powered cars' range - a mix of motor-industry investment, infrastructure change and advances in battery technology. Instead of waiting, a new project aims to build cheap vehicles good

EARLIER this year, a company called National Clothespin of Montpelier, Vermont, mothballed its manufacturing equipment. As a result, there is no longer a single manufacturer of wooden clothes pegs in the US, even though that peculiarly American sect, the Shakers,

Ricardo, Inc., the US subsidiary of Ricardo plc, the leading independent provider of technology, product innovation and engineering solutions to the world's automotive, defense, transport and new energy industries, has been awarded a contract for the development of a new