Oil prices rising because of turmoil in the Middle East and other factors pose a new and serious threat to the recovery of the U.S. economy, experts say.
Economy & Business
"Oil-price swings have doubled this year as unrest spreads through the Middle East, source of one- third of global crude supply, hampering producer and consumer efforts to stabilize the world’s biggest commodity market."
"Climate change could put trillions of investment dollars at risk over the next 20 years, a global study released on Wednesday said, calling for pension funds and other investors to overhaul how they allocate funds."
The Obama budget proposes charging tiny royalties for hard-rock minerals owned by the U.S. taxpayers that have been given away free to large, profitable corporations for more than a century. Will the GOP deficit hawks go along?
With the US now 99-100% dependent on foreign countries for 20 of the 90 or so mineral commodities covered in a new USGS report, there are plenty of opportunities for you to concurrently cover the environment, business, national security, and crime.
"The day after the Jan. 26 snowstorm swept through the Washington region, knocking out power for 220,000 Pepco customers, the utility's parent company, Pepco Holdings, announced a $60 million dividend payment to its shareholders."
"Looming U.S. rules that power utilities face on air pollution could create nearly 1.5 million jobs over the next five years, according to a report."
"When he releases his new budget ..., President Obama will propose doing away with roughly $4 billion a year in subsidies and tax breaks for oil companies, in his third effort to eliminate federal support for an industry that remains hugely profitable."