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U.S. Indexes Slide, Airlines, Energy Stocks Drop

October 14, 2014 10:09 am | by ALEX VEIGA, AP Business Writer | Comments

The stock market slumped on Monday, unable to shake off worries of a global economic slowdown and plunging oil prices.                                                                         

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Illinois Suggests New Power Plant Laws

October 14, 2014 10:06 am | by Associated Press | Comments

Leaders in a northern Illinois village struggling with controversy over a proposed power plant are asking state lawmakers to revamp the process developers must go through before making an offer to municipal leaders.                                         

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Targa Buys Atlas Pipeline, Atlas Energy

October 13, 2014 11:21 am | by Associated Press | Comments

Targa Resources is buying Atlas Pipeline Partners and Atlas Energy in a deal valued at close to $6 billion, creating a huge energy transportation and storage company.                                

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Oil, Natural Gas Prices Confound New England

October 13, 2014 11:15 am | by STEPHEN SINGER, AP Business Writer | Comments

Pipeline bottlenecks that drove up natural gas home heating prices in New England last winter could cause trouble when the weather again turns cold, but oil prices that once climbed to record territory continue to fall.                 

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Disgruntled Employee Hijacks Coal Train

October 13, 2014 11:13 am | by Associated Press | Comments

Authorities say a disgruntled employee commandeered a locomotive from a northeast Wyoming coal mine and later plowed it into another train before he was apprehended.                                                  

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Net Energy Imports At Lowest Level In 29 Years

October 10, 2014 4:13 pm | by U.S. Energy Information Administration | Comments

Total U.S. net imports of energy as a share of energy consumption fell to their lowest level in 29 years for the first six months of 2014.                                     

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The economic reports this week were mixed with several reports coming in weaker than expected.

Converting Plastic Into Oil Could Add $9B To The U.S. Economy

October 10, 2014 4:08 pm | by American Chemistry Council | Comments

Wide-scale deployment of emerging technology that converts used, non-recycled plastics into oil could generate up to $9 billion in annual U.S. economic output and create upwards of 40,000 domestic jobs, according to a report released by the American Chemistry Council.

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Oil Dealers Sue Over Gas Expansion Plan

October 10, 2014 3:59 pm | by Associated Press | Comments

Connecticut oil dealers are suing over Gov. Dannel P. Malloy's drive to expand the use of natural gas, demanding environmental reviews.                                       

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OSHA Launches Dialogue On Hazardous Chemical Exposures

October 10, 2014 3:41 pm | by U.S. Dept. Of Labor | Comments

The U.S. Department of Labor's Occupational Safety and Health Administration announced it is launching a national dialogue with stakeholders on ways to prevent work-related illness caused by exposure to hazardous substances.                                   

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Venezuela Ordered To Pay $1.6B To Exxon

October 10, 2014 9:21 am | by LUIS ALONSO LUGO, Associated Press | Comments

An international arbitration panel ordered Venezuela's socialist government on Thursday to pay $1.6 billion to Exxon Mobil for the seizure of a major oil project in the South American country and other losses.                          

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EPA Head Lauds Community Investments In Mitigation

October 9, 2014 5:26 pm | by JENNIFER KAY, Associated Press | Comments

The millions of dollars invested by communities like Miami Beach in climate change adaptation need the backup of long-term national policies like the president's plan to reduce carbon dioxide emissions from power plants, the head of the Environmental Protection Agency said Thursday.

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Offshore Oil & Renewables In East Coast's Future

October 9, 2014 5:23 pm | by EMERY P. DALESIO, AP Business Writer | Comments

Fossil fuel and wind power companies are focusing on America's East Coast as a coming energy hub and industry representatives said Thursday they want politicians to ease up regulatory restraints in return for the promise of jobs and tax revenues.

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Satellites See Hot Spot Of Methane In The Southwest

October 9, 2014 5:21 pm | by Seth Borenstein, AP Science Writer | Comments

A satellite that measured the potent global-warming gas methane in the atmosphere has found a surprising hot spot over the southwestern U.S.                               

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Dow Plunges As Energy Market Drags Down

October 9, 2014 5:19 pm | by KEN SWEET, AP Business Writer | Comments

Turbulence returned to Wall Street for a third day Thursday, with the Dow Jones industrial average plunging more than 250 points in late afternoon trading. Energy stocks fell sharply as the price of oil dropped again, and Gap's stock plunged after the company announced its CEO was retiring.

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California Power Regulator Exits Amid Criticism

October 9, 2014 5:17 pm | by ELLEN KNICKMEYER, Associated Press | Comments

California's chief utility regulator, under fire over accusations of secret dealings with the state's largest utility, said Thursday he will not seek reappointment when his term ends at the end of the year.                                          

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