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Little improvements crowd out world-changing innovation

  The notion that we’re getting worse at generating big, world-changing ideas has been gaining currency. As the Wall Street Journal’s Greg Ip wrote earlier this month: Outside of personal technology, improvements in everyday life have been incremental, not revolutionary. Houses, appliances and cars look much like they did a generation ago. Airplanes fly no faster than in the 1960s. ...

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Petronas said to eye new site in $27bn Canada LNG Plan

  MINEVILLE, N.Y. / AP Malaysia’s Petroliam Nasional Bhd. is seeking to move ahead with a proposed $27 billion liquefied natural gas project in western Canada after identifying a new site for shipping the fuel, a shift that may help reduce costs and quell local opposition. Petronas’s Pacific NorthWest LNG project would continue as planned with the liquefaction plant on ...

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Oil trades near 18-month high before US inventory data

  Bloomberg Oil traded near the highest closing level in 18 months amid conflicting signs on whether the supply surplus is diminishing in the US, the world’s largest fuel consumer. Futures slid as much as 1.1 percent in New York after climbing 6.2 percent the previous eight sessions, the longest run of gains in almost seven years. Traders faced mixed ...

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