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Plunging Oil Prices Force Producers To Lay Off Skilled Workers
Gasoline prices have been plunging this fall, which is great for consumers. But it has been very hard on oil producers, who have been laying off legions of skilled workers. To hang on to their key employees, some companies are offering unpaid sabbaticals or trimming pay across the board to reduce labor costs without layoffs. But for many employers, times are so hard that they have no choice but to keep cutting employee ranks.
8 Things Congress Actually Did This Year
It is fair to say that the widely held assumption that Congress gets nothing done doesn't exactly fit in 2015. Some big issues, like guns and immigration, were left on the table, though.
Lead Poisoning In Michigan Highlights Aging Water Systems Nationwide
The U.S. is losing 15 percent of its drinking water to leaks in its deteriorating water systems, some of which rely on 100-year-old pipes, says Robert Puentes of the Brookings Institution.
If You Like Cheap Gasoline, January May Be Your Lucky Month
Prices already are averaging less than $2 a gallon nationwide, and a new report shows gasoline inventories are surging. Experts say that sets the stage for more price drops in coming days.
Is Obama's Hope For Better Fuel Economy Sputtering Out?
For a while, the president's plan for increasing vehicles' fuel efficiency worked; he said it would save money and reduce carbon pollution. Then came cheap gas, and the improvements have stalled.
State Of The Obama Economy: Far Better, But Still With Many Troubles
The economy has improved dramatically in the Obama era. But problems still abound because of the soaring national debt, a deformed tax code, shrunken paychecks and a growing skills gap.
Homeowners Who Played The Odds On Oil Heating Costs Lose Out
Many homes in the Northeast use oil heat, and many homeowners lock into a set price to avoid nasty surprises. But this year, that prudent step has backfired as oil prices plunge.
Alaska Faces Budget Deficit As Crude Oil Prices Slide
Alaska may overhaul the way it spends its oil wealth. While the state has a lot of oil, the price of oil has dropped so much that the state now has a $3.5 billion deficit — two-thirds of its budget.
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$1.22 A Gallon: Cheap Gas Raises Fears Of Urban Sprawl
Gas prices in Columbus, Ohio, are among the lowest in the country. Drivers appreciate the savings, but anti-sprawl advocates say cheap gas doesn't help their cause.
Higher Gas Prices, Long Lines: What Cheap Oil Means For Saudi Arabia
The deal in Saudi Arabia has been no taxation and no representation. Bottom-of-the-barrel crude prices changed the first half of the equation this week, as officials cut utility and gas subsidies.
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