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Owner Won't Retrieve 29 Killed In Mine Explosion

November 6, 2014 11:32 am | by Nick Perry, AP | Comments

Solid Energy issued a statement saying the company was unable to come up with a safe re-entry plan. A government investigation found Pike River Coal ignored 21 warnings that methane gas had accumulated to explosive levels in the mine.     

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GOP Eager To Move On Keystone XL

November 6, 2014 11:23 am | by Donna Cassata, AP | Comments

Republicans' resounding victory gives them an opportunity to push legislation that's been bottled up in the Democratic Senate, from targeting elements of President Barack Obama's healthcare law to constructing the Keystone XL oil pipeline to rolling back environmental regulations.

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IHS: Mexican Reforms Could Attract Petrochemical Investment

November 5, 2014 2:37 pm | Comments

Recent changes to Mexico’s hydrocarbon laws are opening doors for private oil and gas investment, which is expected to secure more competitive feedstocks for expanded petrochemicals production. It will also allow for cheaper electricity, which will help improve the country’s competitiveness.

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Colder Winter Leads To Higher CO2 Emissions Forecast

November 5, 2014 2:25 pm | Comments

Energy-related CO2 emissions can be driven by economic and efficiency trends and changes in the fuel mix, but weather fluctuations that drive the level of energy used for both heating and cooling is also a significant factor affecting variations in fossil fuel consumption and their resulting emissions.

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Texas Leads Nation In New Oil & Natural Gas Jobs

November 5, 2014 1:51 pm | Comments

In the past decade, growth of jobs in oil and natural gas extraction, drilling, and support activities has outpaced the national average of private sector job gains. Additionally, average wages of oil and natural gas production jobs were $108,000 in 2013.

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OPEC Shaken By Saudi Slashing Of Oil Prices

November 5, 2014 1:37 pm | by George Jahn, AP | Comments

The Saudis' move to cut prices to the U.S. - aimed at protecting their market share there - will exacerbate OPEC conflicts. Despite OPEC's credo of consensus and unity, the organization is de-facto controlled by its top producer. The prime motivator for the Saudis is to compete against U.S. shale oil.

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Spontaneous Combustion Destroys Grain Plant

November 5, 2014 1:26 pm | Comments

Fire crews from more than two dozen departments battled the fire in the Livingston County town of Caledonia, 15 miles south of Rochester. The site is the largest dairy feed manufacturing facility and dry fertilizer distribution center in the region.

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Israel Supporting Offshore Oil And Gas Rights For Cyprus

November 5, 2014 1:22 pm | by Menelaos Hadjicostis, AP | Comments

Turkey doesn't recognize ethnically divided Cyprus as a sovereign state and strongly opposes its gas search, arguing that it ignores the rights of breakaway Turkish Cypriots to any mineral-generated wealth. Cyprus was split in 1974 when Turkey invaded after a coup.

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Mascoma Completes Sale Of Its Yeast Business

November 4, 2014 11:12 am | by Business Wire | Comments

Mascoma Corporation, a leader in advanced bioconversion products, has announced that it has completed the sale of its yeast business to Lallemand Inc., a privately owned company that researches, develops, produces and markets yeasts, bacteria and related products.

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Bio-Rad Paying $55M To Resolve Bribery Claims

November 4, 2014 10:49 am | by Marcy Gordon, AP Business Writer | Comments

Bio-Rad Laboratories Inc. has agreed to pay about $55 million to resolve U.S. authorities' allegations that it failed to prevent bribery of officials in Russia, Thailand and Vietnam and falsified records to hide the payments.     

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Freighter Freed After Running Aground Near Detroit

November 4, 2014 10:41 am | by The Associated Press | Comments

A freighter carrying coal has been freed after running aground in the Detroit River.                            

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Judge Tosses Mining Company Violation Notice

November 4, 2014 10:35 am | by The Associated Press | Comments

A federal judge dismissed a notice from the U.S. Secretary of Labor finding that a Patriot Coal subsidiary displayed a "pattern of violations" in its operations.               

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Oil Prices Hit 4-Year Lows After Saudi Discount

November 4, 2014 10:27 am | by Pan Pylas, Associated Press | Comments

Oil prices sank to four-year lows on Tuesday following reports Saudi Arabia, OPEC's largest oil producer, is cutting its prices for customers in the U.S.                 

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U.S. Factory Orders Slip In September

November 4, 2014 10:24 am | by Josh Boak, AP Economics Writer | Comments

Orders to U.S. factories declined in September, dragged by falling demand in the volatile aircraft category.                        

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California Counties Take Fracking To The Booth

November 2, 2014 8:31 pm | by Ellen Knickmeyer, AP | Comments

Chevron, ExxonMobil and other oil companies have donated about $7 million to try to defeat the fracking bans. These measures would ban not only fracking but one of the most commonly used drilling methods in the state - steam injection. None of the three counties currently are known to host onshore fracking, which has led some to argue that the vote is no more necessary than banning ice-fishing.

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