The price of oil on both sides of the Atlantic has hit its highest level since the financial crisis.
In Europe, Brent crude futures rose to $91.58 per barrel, while in the US, West Texas Intermediate hit $89.35 - the highest levels since October 2008.
Despite the market rally, prices still remain 40% below their pre-crisis peak.
Among the factors driving prices higher are rising demand because of the global economic recovery and cold weather in Europe, as well as the weak US dollar.
Dumpster diving is not only messy, but if the charges brought against Dow Chemical and Sasol North America by Greenpeace USA win in court, it could also be costly. The environmental advocacy group claims that the two chemical companies, along with two public relations firms, conspired to unlawfully search its trash, break into its computers, and listen to phone calls.
We are not going to shop our way out of this mess.
It’s a cheerless truth about the post-Thanksgiving start of the Christmas season, traditionally the bell lap in America’s year-long steeplechase of buying. There has been a rebound in consumption since the grimmest days of the Great Recession, but that has not been joined by an uptick in hiring or a robust expansion.
Will customers ever rebel against the big national consumer banks?
There are more than a few retail customers who feel like they're getting the shaft. A Zogby International survey concluded that 14 percent of all adults have switched to a community bank or credit union in the last year, reports the Boston Globe.
Senator Al Franken, a critic of Comcast Corp's proposed deal for control of NBC Universal, asked the Justice Department on Monday to investigate whether the giant cable company had engaged in "illegal collaboration" concerning its intended target.
Sir Tim Berners-Lee, the inventor of the world wide web, warned that social networks like Facebook, LinkedIn, and Friendster constitute one of "several threats to the Web's universality."
In an article in Scientific American, Berners-Lee argues that the openness of the Internet is at risk and must be defended lest we "lose the freedom to connect with whichever Web sites we want."
Growing demand, fixed supply and aging or inadequate infrastructure are creating a "perfect storm" that threatens one of the planet's most vital resources: water.
The entire European Project is now at risk of disintegration, with strategic and economic consequences that are very hard to predict.
In a recent speech, EU President Herman Van Rompuy (poet, and writer of Japanese and Latin verse) warned that if Europe’s leaders mishandle the current crisis and allow the eurozone to break up, they will destroy the European Union itself.
It’s often forgotten, but Harry Potter grew up on the most English of streets. When we first meet him he lives on Privet Drive, with its “tidy front gardens”, milk bottles outside front doors and spoilt children.
In fact, if Harry hadn’t been a wizard made to sleep in a cupboard by his evil aunt and uncle, you might have said he had a conventional English middle-class upbringing.