Oil prices rose modestly, after spiking by almost $2 a barrel earlier Monday, on reports that an Alaskan pipeline that was shut down Saturday because of an oil leak will reopen within days.
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BP (BP), ConocoPhillips (COP) and Exxon Mobil (XOM) have cut their oil production from Alaska’s Prudhoe Bay field by 95% after a leak was discovered in the Trans-Alaska Pipeline. No one is certain how long the leak will take to fix. It appears to be in…
The U.S. started 2011 with the highest gas prices ever for January. That doesn’t bode well for the coming months, but the sky isn’t falling. Here’s what you can do about those higher fuel costs, including how to make investment…
The nation’s leading trade association for car dealers says it now sees industry sales of nearly 13 million vehicles this year, topping last year’s by 12%. The rise is attributed to pent-up demand, loosening credit and a rising…
Could caffeinated alcoholic drinks, which the FDA deemed unsafe for human consumption in November, turn out to be good for cars? A Virginia-based ethanol recycler, MXI Environmental Services, is turning those soon-to-be-banned …