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Comments Off on Ukraine Crushed in Fraudulent $1.1Billion Gas Deal

What should have been a landmark natural gas deal for Ukraine has devolved into a bizarre and embarrassing debacle, as it became apparent this week that the $1.1 billion agreement the government signed Monday was not legitimate. Ukraine’s Prime Minister Mykola Azarov and Energy Minister Yurly Boyko presided over a live televised signing ceremony for…

As Hurricane Sandy hit the U.S. Northeast, refineries and harbors were shut down, effectively disrupting nearly all fuel deliveries to the area. As a result gasoline stations have run out of petroleum and shut down, and those that remain open see customers lining up for hours to get to the pump. According to the AAA…

In the same week that the Obama administration announced its new fuel economy standard, U.S. automaker General Motors announced it would halt production of the Chevrolet Volt electric car for four weeks, citing the car’s failure to meet targeted sales projections, according to Bloomberg news. (Related Photos: Rare Look Inside Automakers’ Drive for 55 MPG)…