Drought Saps the Panama Canal, Disrupting Global Trade

Drought Saps the Panama Canal, Disrupting Global Trade

The number of ships that can travel through the vital route has fallen sharply this year because of a lack of water for the locks, raising costs and slowing deliveries.
Chasing Big Mergers, Oil Executives Dismiss Peak Oil Concerns

Chasing Big Mergers, Oil Executives Dismiss Peak Oil Concerns

Exxon Mobil and Chevron are spending tens of billions of dollars buying oil and gas assets, betting that the International Energy Agency’s predictions of declining oil demand are wrong.