The European Commission is investigating the energy industry's price-setting mechanisms for oil and gas products after antitrust raids on BP, Shell and Statoil. Lex's Stuart Kirk and Vincent Boland discuss whether investors should be concerned.
Legendary investor Jeremy Grantham says we're headed for "a disaster of biblical proportions" because the earth has only enough resources to support a population of 1.5 billion-- just a fraction of the 7 billion already here on earth and growing. Computer scientist and former Microsoft executive Ramez Naam agrees that the world's population now is using too many resources, but he's confident that we can not only remedy the situation but enhance our standard of living through ingenuity and innovation. The author of the new book, The Infinite Resource: The Power of Ideas on a Finite Planet , tells The Daily Ticker, " "It's possible for humanity to live in higher numbers than today in far greater wealth, comfort and prosperity with far less destructive impact on the planet than we have today...We need to act but if we do act there's a bright future ahead." So on this Earth Day we look at what can be to save out planet
Household consumption of electricity is being measured by smart metering technology, changing the relationship between supplier and consumer. Marc England of British Gas and Bryan Glick of Computer Weekly talk to the FT's Daniel Garrahan about how the technology is transforming the energy sector, and whether concerns over privacy and data protection are justified.
The FT's Christopher Booker reports from US National Renewable Energy Laboratories industry growth forum in Denver, Colorado where not only are the energy innovations of tomorrow on display, but the ways in which research and development in America is evolving. For more on Energy in the Americas visit: http://www.ft.com/intl/energy2012
By Michael Santoli The "long-awaited" housing recovery has finally become the "readily apparent" and "widely embraced" housing recovery.
In the wake of the presidential election, a wave of petitions have been submitted to the White House in which citizens of various states are announcing their desire to "secede" from the United States. These citizens are so fed up with the country, in other words, they want to opt out and start their own.
Following BP's decision to sell its stake in joint venture TNK-BP to Russian national energy champion Rosneft, FT capital markets editor Ralph Atkins discusses with beyondbrics editor Stefan Wagstyl why the shares of Russia and its oil companies trade at a discount to their rivals.
Rising costs of materials, skills shortages, economic uncertainty - in turbulent times manufacturers face challenges at every turn. John Murray Brown, Midlands correspondent, reports from Birmingham, the UK's manufacturing heartland, on what companies there are doing to mitigate risk.
BP has sold 'marginal' oil and gas fileds in the Gulf of Mexico in a deal that's transformational to the buyer Plains Exploration and Production. Lex's Oliver Ralph and Vincent Boland discuss where this leaves BP in its post Macondo slimming strategy.
Follow The Daily Ticker on Facebook! In less than two weeks, 33 million Americans are expected to take to the road over Labor Day weekend—the highest number in four years, according to AAA. Gasoline prices by then could be near $4 a gallon, says Stephen Schork, president of the Schork Report, which tracks global oil prices for traders and investors, but drivers don't seem to care.