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Oil Prices Fall to Six-Year Low

March 17, 2015 5:16 pm | by Andy Szal, Digital Reporter | Comments

In the wake of a 10 percent slide last week, the price of crude oil on the West Texas Intermediate index fell to about $44 per barrel, the lowest level in six years.

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More States Looking to Ban Microbeads

March 17, 2015 5:13 pm | by Andy Szal, Digital Reporter | Comments

The wide range of soaps and skin care products containing the pellets, called microbeads, sparked fears among researchers and environmental advocates about their effect on the water supply.

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Canada Safety Board Says Tank Car Standards Needed Sooner

March 17, 2015 5:04 pm | by ROB GILLIES, Associated Press | Comments

"While the proposed standards look promising, the TSB has concerns about the implementation timeline," the Transportation Safety Board said in a statement.

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ConcoPhillips to Cut Spending, Expects Output Boost

March 17, 2015 5:00 pm | by The Associated Press | Comments

The Houston-based energy company said Tuesday that it plans to reduce its annual capital spending to about $11.5 billion, down from a prior plan of about $16 billion, through 2017. It expects spending on development drilling to increase while major project spending declines.

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Anti-Graft Probe Targets PetroChina Vice Chairman

March 17, 2015 10:59 am | by JOE McDONALD, AP Business Writer | Comments

The vice chairman of China's biggest state-owned energy company has become the latest prominent executive targeted by Communist Party investigators in a spreading anti-corruption campaign.

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DuPont And Salix Are Big Market Movers

March 17, 2015 10:51 am | by The Associated Press | Comments

Some of the biggest news from Wall Street.

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Florida House Rejects Effort to Repeal Nuclear Power Fee

March 17, 2015 10:45 am | by The Associated Press | Comments

State legislators are refusing to repeal a law that lets utility companies charge for future nuclear power plants.

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Exelon, Pepco Reach Settlement Over Merger in Maryland

March 17, 2015 10:42 am | by The Associated Press | Comments

Chicago-based Exelon announced in April of 2014 that it was buying Washington, D.C.-based Pepco Holdings Inc. for $6.83 billion to create a large electric and gas utility in the Mid-Atlantic region, serving approximately 10 million customers. The deal faces regulatory hurdles.

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When Oil Prices Are Down, Worker Deaths Are up in The Bakken

March 16, 2015 5:28 pm | by Andy Szal, Digital Reporter | Comments

North Dakota saw eight oilfield employee deaths since October, a five-month total than exceeded the number for the previous 12-month span. October also coincided with the beginning of a decline in the number of oil rigs operating in the state.

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Oil Price Heading Down Again After ‘Head Fake’ Rally; Gas Price Likely to Follow

March 16, 2015 4:41 pm | by Jonathan Fahey, The Associated Press | Comments

“The rebalancing (of supply and demand) triggered by the price collapse has yet to run its course,” the agency wrote in its monthly oil market report.

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2 Former Freedom Owners Plead Guilty in Chemical Spill Case

March 16, 2015 4:33 pm | by JOHN RABY, Associated Press | Comments

Each faces up to a year in prison when sentenced June 22. They also face fines of $25,000 per day per violation, or $100,000 — whichever is greater.

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House to Vote on 'Secret Science' Bill

March 16, 2015 4:22 pm | by Andy Szal, Digital Reporter | Comments

The U.S. House of Representatives is scheduled to vote this week on bills that would overhaul the standards for research cited by the Environmental Protection Agency.

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Scientists Develop New Carbon Capture Technology

March 16, 2015 4:14 pm | by Andy Szal, Digital Reporter | Comments

According to a report in the journal Nature, Berkeley researchers modified metal composites with nitrogen compounds called diamines. The resulting molecule can bind with carbon dioxide at varying temperatures and without the presence of water.

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Lumber Liquidators to Provide Air Tests Following '60 Minutes' Report

March 16, 2015 11:37 am | by Andy Szal, Digital Reporter | Comments

The hardwood flooring retailer said customers who request the test kits would have the results from accredited laboratories within seven to 10 days. The company said it would evaluate the need for further testing should the kits show high chemical levels.

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Algeria Oil Corruption Trial Begins After 5-Year Delay

March 16, 2015 11:04 am | by AOMAR OUALI, Associated Press | Comments

Charges include influence peddling, inflating contract prices, money laundering and generally skimming off millions of dollars in bribes.

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