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Economic Gloom Grows in Venezuela And PetroCaribe Countries

December 8, 2014 11:43 am | by Tribune Content Agency; Chicago | Comments

Shipments of cut-rate oil from Venezuela to Caribbean and Central American countries under the PetroCaribe program were cut by about 20 percent through October compared with the same period last year, ClipperData, a New York data tracker, has reported. And, according to the International Monetary Fund (IMF), last year Venezuela's preferential oil exports to the 13 PetroCaribe countries declined 15 percent from 2012.

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E-cigarette Tech Takes Off as Regulation Looms

December 8, 2014 10:47 am | by WVLT, Knoxville, Tenn. | Comments

E-cigarette technology is taking off and federal officials say the race to innovate could make creating standards the devices more difficult in the future. The popular contraptions that heat a liquid to create vapor rather than burning tobacco have changed dramatically from those first introduced just a few years ago.

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Iran Nuclear Talks: Deal or no Deal?

December 8, 2014 10:19 am | by Paul Richter, Tribune Washington Bureau | Comments

WASHINGTON — Diplomats seeking to limit Iran’s nuclear program have long said they wouldn’t keep bargaining if officials in Tehran proved unwilling to budge. But after a year of frazzling negotiations and two missed deadlines, the diplomats have done just that.

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Oil Price Drop Threatens $150 Billion in Investments

December 5, 2014 1:31 pm | by Press Trust of India | Comments

The continued fall of oil prices could lead to postponement of $150 billion worth of projects in the sector worldwide, a Norwegian consulting firm said today. "Everything will depend on what oil companies decide to do, but if they don't exploit the fields which break even with the barrel above $80, $150 billion will go down the drain," chief analyst at Rystad Energy, Per Magnus Nysveen, tells AFP.

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China Launches Nuclear Power Expansion Scheme

December 5, 2014 1:20 pm | by Press Trust of India | Comments

China today launched a major scheme to expand its large network of nuclear power plants, brushing aside remarks by its atomic regulator that the new Chinese technology is still not completely up to standards. The National Development and Reform Commission, China's top economic planner, yesterday announced plans to develop offshore nuclear power projects.

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Renewable Energy Advocates Call on Senate to Extend Tax Credits

December 5, 2014 11:04 am | by Brendan Gibbons, The Times-Tribune; Scranton, Pa. | Comments

After the U.S. House extended tax credits for renewable energy and energy efficiency, environmental advocates and renewable energy businesses are hoping to make them stick. “The Senate needs to act now to ensure a clean energy future,” said Chloe Coffman, campaign organizer with PennEnvironment.

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Iowa Coalition Holding Anti-Pipeline Meeting

December 5, 2014 10:57 am | by Gavin Aronsen, Ames Tribune; Iowa | Comments

A coalition of groups opposed to Texas-based Energy Transfer Partners’ plans to build a 343-mile stretch of a crude oil pipeline across 18 Iowa counties has organized a public meeting to discuss the possible impact.          

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Oil Prices Help Shrink America's Trade Gap

December 5, 2014 10:33 am | by Associated Press | Comments

In September, the deficit rose to $43 billion as American exports slumped. The drop in exports was seen as a sign that the U.S. economy was beginning to feel the impact of weakening global growth. But economists believe the trade gap, the difference between imports and exports, will narrow a bit in October, reflecting a fall in world oil prices that will lower American's bills for imported oil.

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India Plans Five-Fold Increase in Clean Energy

December 5, 2014 10:21 am | by KATY DAIGLE, Associated Press | Comments

India said Friday it was optimistic the world would reach an agreement to curb climate change, but said its actions would be focused on boosting its renewable power capacity five-fold rather than on cutting carbon emissions. With hundreds of millions still mired in poverty and without access to electricity, India cannot afford to reduce greenhouse gas emissions at the expense of economic growth.

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Deal For Superior Mine Inserted Into Defense Bill

December 4, 2014 12:52 pm | by Emily Bregel, The Arizona Daily Star; Tucson | Comments

A controversial bill to privatize national forest land in Arizona has been tucked into the national defense spending bill, to the dismay of those fighting a mining company's efforts to buy the land. If approved, the legislation would open the door for a massive copper mine 100 miles north of Tucson.

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Shale Gas Line to The Northeast Gets Federal Nod

December 4, 2014 10:58 am | by MARC LEVY, Associated Press | Comments

Federal energy regulators have approved a $700 million pipeline project designed to bring cheap Marcellus Shale natural gas from Pennsylvania into high-priced markets in New England and New York. The project's backers said Wednesday that the Federal Energy Regulatory Commission's approval means the 124-mile Constitution Pipeline could be built and operational by next winter.

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Bodies of Missing Turkish Miners Retrieved

December 4, 2014 10:50 am | by Associated Press | Comments

Turkey's state-run Anadolu Agency says search teams have recovered the bodies of the last five miners who were among 18 who died when they were trapped deep inside a flooded coal mine. The five bodies were retrieved on Thursday, 37 days after they were trapped inside the Has Sekerler mine.

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Ex-BP Executive Fighting Gulf Oil Spill Charges

December 4, 2014 10:45 am | by KEVIN McGILL, Associated Press | Comments

A former BP executive accused of obstructing a congressional investigation into the 2010 Gulf oil spill remains on track for a trial next year, despite defense efforts to have the charges dismissed. U.S. District Judge Kurt Engelhardt on Wednesday declined to throw out one count against David Rainey and took under advisement defense motions to throw out another, a Justice Department spokesman said after the morning hearing.

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Breached Pipeline Causes Israel Oil Spill

December 4, 2014 10:38 am | by Associated Press | Comments

Israel says a breached pipeline has caused a large oil spill in the southern part of the country. Guy Samet, an Environment Ministry official in charge of southern Israel, told local media that Thursday's spill near the Red Sea port of Eilat could take months to clean up.

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'Gas Wars' Break Out When Price Falls Below $2

December 4, 2014 10:27 am | by Chris Woodyard, USA TODAY | Comments

How low are gas prices going? So low that "gas wars," a term not heard in many places since the early 1970s, are breaking out. With gasoline prices crashing, stations are scrambling to stay ahead of each other when it comes to price cuts. It's a boon to consumers who have long griped about sky-high gas prices.

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