The world spends $400 billion propping up oil companies. Is that bad?
In the thrilling world of multinational industrial policy, it’s about as high-stakes a fight as you can get.
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Germany considers to fight pollution with free public transportation
When the discussion turns to the rising costs of living in many global cities, one factor rarely goes unmentioned: public transportation fees. New Yorkers spend only about $116.50 per month on average, compared with as much as $200 in London.
Oil world turns upside down as U.S. sells oil in Middle East
The United Arab Emirates, a model Persian Gulf petro-state where endless billions from crude exports feed a giant sovereign wealth fund, isn’t the most obvious customer for Texan oil.
Venezuela’s oil power vanishing, hard default fears rising
Venezuela is a failed state. Despite oil prices doubling since their lows in January 2016, the state-owned PDVSA is in no better shape.
Raising kids in Delhi’s worsening air
Morning in Delhi, the world’s most polluted megacity: the alarm erupts, the coffee boils, and I look out the window.
London reaches legal air pollution limit just one month into the new year
Air pollution in London has reached the legal limit for the whole of 2018 less than a month into the year, prompting calls for the government to “get a grip and show they’re serious about protecting health”.
Blood oil: More than half of the oil traded across the world has been stolen
Donald Trump tweeted something true recently. Responding to the protests in Iran, the US president stated that “The people are finally getting wise as to how their money and wealth is being stolen and squandered.”
Mexico’s drug cartels, now hooked on fuel, cripple the country’s refineries
Drug gangs pressure refinery workers to tap the lifeblood of Mexico’s oil industry. One former worker fled the country. One former gang member helps authorities understand the racket.
Will U.S. auto industry simply succumb to China over electric cars?
For a century, the U.S. auto industry was the world’s largest. That ended in 2009, when China’s sales of 13.5 million new vehicles surpassed a recession-slammed U.S. total of 10.4 million.
Crisis-hit Venezuela’s oil output plummets in 2017 to decades low
Venezuela’s crude oil production fell nearly 13 percent last year, according to figures released by OPEC on Thursday, hitting a 28-year annual low that points to a deepening economic crisis and increased chances of a debt default.
