United Tech CFO says Europe a drag on 2013 revenue
Revenue growth at United Technologies Corp. this year will likely be crimped due partly to Europe's weak economy, the chief financial officer said Thursday.
3Qs: Will rising home prices cause another housing bubble?
Home prices have once again started to rise, making significant gains for the first time since the housing bubble burst in 2007. While that's good news for sellers, it could be bad news for the nation's economy. ...
US House sends message on Keystone pipeline
US lawmakers agreed to a bill that would speed construction of a Canada-US oil pipeline and circumvent the need for President Barack Obama's approval for the $5 billion project.
EU raids oil majors in probe over possible price fixing
The European Commission has carried out surprise inspections at several major oil companies over possible price fixing in breach of EU anti-trust rules.
US boom transforming global oil trade
The surge in oil production in the U.S. and Canada and shrinking oil consumption in the developed world is transforming the global oil market. The threat of chronic oil shortages is all but gone, U.S. dependence ...
Escherichia coli bacteria produce diesel on demand
It sounds like science fiction but a team from the University of Exeter, with support from Shell, has developed a method to make bacteria produce diesel on demand. While the technology still faces many significant ...
Slow to arrive, but will Australian high speed rail be worth the wait?
East coast Australian cities could one day be linked by high speed rail, but with a price tag of $114 billion and a 40 year timeframe, according to a study released by the Transport Minister Anthony Albanese.
Seeing the positive side of carbon dioxide
(Phys.org)—New research from Bath has explored the idea of treating carbon dioxide as a useful product rather than waste, by capturing it and converting it into useful chemicals and reducing the quantity ...
Supply and demand based oil price shocks have different effect on the macroeconomy
Oil supply related shocks which raise the price of oil decrease gross production in oil importing countries. On the other hand, oil demand related price shocks may even have a positive effect on the gross production of an ...
Is the new boom in domestic natural gas production an economic bonanza or environmental disaster?
(Phys.org)—For some Americans, it is our energy dreams come true. To others, it is an environmental nightmare. Ever since a new drilling technology, called hydraulic fracturing or fracking, made it possible ...
US firms bringing work home from overseas
(Phys.org)—Increasingly, U.S. firms are moving or considering moving their manufacturing operations back to domestic soil from overseas, finds a new study co-authored by a Michigan State University supply chain expert.
France reconsiders plans to boost biofuel use
France said Wednesday it would reconsider its plans to further develop the use of biofuel, once seen as a potential source of cheap alternative energy but now blamed for soaring food prices.
Research could lead to improved oil recovery, better environmental cleanup
Researchers have taken a new look at an old, but seldom-used technique developed by the petroleum industry to recover oil, and learned more about why it works, how it could be improved, and how it might be ...
China produces as much CO2 per person as Europe: report
China's carbon dioxide (CO2) levels soared in 2011, putting its per capita emissions on a par for the first time with those of Europe, while global levels of the greenhouse gas hit another all-time high, a ...