US companies rediscover coal-fired power plants

Sure, coal sounds dirty and dated, the kind of energy source that went out of fashion with big Buicks and bell-bottom jeans. But a coal project here in northern Nevada is one of more than 100 coal-fueled plants that are vying for approval around the country, the largest increase in such projects since the 1970s.

Greenspan: Appetite for Dollar Will Wane

Investors’ appetite for U.S. assets will eventually dwindle and the United States must reduce its budget deficit to prevent major economic damage, Federal Reserve Chairman Alan Greenspan said on Friday, in remarks that hit the dollar hard.

US military on the scent of oil

The Pentagon hopes that its plan, the Global Posture Review, when fully implemented, will allow for rapid, tailored responses to contingencies that could arise from any one of a number of “vital national-security interests”. However, two of these circumstances are paramount: countering any new outbreaks in the “global war on terror” and reliable access to energy resources.

US: Economists consider nightmare scenario

After years of relative calm on the inflation front, Americans are being battered by $2-a-gallon gasoline, rising food prices and higher medical bills. And there are fears that price pressures could worsen in 2005.