BEIJING -- Few have experienced more rapid success in China than the auto industry, which has doubled its volume sales in just the last four years.
erin perry's insight:
A weekend in which the country experienced some of its worse smog on record. Because oil prices are set by the central government to reduce price shocks, oil firms have little incentive to provide cleaner fuel that costs more to produce.
Environmentalists are trying to stop the use of modern-day gold rush, as the U.S. and four other countries scramble to stake claims to potentially use oil riches under the frozen waters of the Arctic Ocean. Not everyone agrees with this so there is a lot of controversy.
(Financial Times) -- [excerpt] Total SA says energy companies should not drill for crude in Arctic waters. Many people think that drilling is dangerious for the arctic and there are many dangers for the wildlife. It really scares the company that another oil spill will occur and this would destroy the company.
Environmentalists are toiling to stop a modern-day gold rush at the top of the world, as the U.S. and four other countries scramble to stake claims to potentially vast oil riches under the frozen waters of the Arctic Ocean.
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