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US Oil Falls Below $50 For 1st Time Since 2009

January 5, 2015 5:50 pm | by JONATHAN FAHEY, AP Energy Writer | Comments

The price of oil plunged again Monday and fell below $50 a barrel for the first time since April 2009 as evidence mounted that the world will be oversupplied with oil this year. The Energy Department estimates the drop in gasoline prices will save U.S. households $550 this year.

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US Calls For Improved Ventilation at Troubled Nuclear Dump

January 5, 2015 5:44 pm | by Associated Press | Comments

The U.S. Department of Energy says more needs to be done to improve ventilation for workers at the federal government's underground nuclear waste dump in southern New Mexico. Air filters used to remove particles following a radiation leak in February have restricted the airflow...

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Carmakers Finish Strong in 2014, Are Even Better Days Ahead

January 5, 2015 10:07 am | by TOM KRISHER, AP Auto Writers; DEE-ANN DURBIN, AP Auto Writers | Comments

Buoyed by a resurgent economy, holiday sales, cheap gasoline and low interest rates, Americans headed to car dealers in droves last month, pushing full-year sales to what's likely to be the highest level since 2006. Fiat Chrysler, Nissan and Honda all reported strong December and annual U.S. sales early Monday, with Nissan and Honda hitting record numbers for the year.

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2 Missouri Cities Consider Solar Energy Farms

January 5, 2015 9:59 am | by Associated Press | Comments

Two cities near Kansas City are considering making more use of solar energy, a trend that energy industry experts say is growing in the Midwest as costs to install facilities decline. If plans move forward, the two cities would join a number of Missouri municipalities that have opened solar farms.  

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Pfizer Continues Vaccine Push, Buys Switzerland's Redvax

January 5, 2015 9:50 am | by Associated Press | Comments

Pfizer continued its aggressive push into the development of new vaccines, announcing the acquisition of a controlling stake in Switzerland's Redvax GmbH on Monday. The privately held company is working on a herpes vaccine for human cytomegalovirus, known as CMV, which infects between 50 percent and 90 percent of adults, according to Pfizer, most of whom show no symptoms.

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Meetings Scheduled on Gas Pipeline Through North Carolina

January 5, 2015 9:46 am | by JONATHAN DREW, Associated Press | Comments

Energy companies that want to build a natural gas pipeline through several North Carolina counties plan to hold public meetings on the project this week in the state. The proposed Atlantic Coast Pipeline would run 550 miles from West Virginia and Virginia before ending in North Carolina's Robeson County.

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Mississippi Groups Attack Carbon Dioxide Limits

January 2, 2015 3:58 pm | by JEFF AMY, Associated Press | Comments

Mississippi regulators and utilities are savaging the federal government's proposal to force Mississippi power plants to cut carbon dioxide emissions. In comments filed in December, leaders of utilities, state agencies and business groups called the U.S. Environmental Protection Agency's Clean Power Plan illegal, infeasible and economically unbearable.

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Harvest Natural Cancels Deal to Sell Its Venezuela Interests

January 2, 2015 10:12 am | by Associated Press | Comments

Harvest Natural Resources cancelled the $275 million sale of its remaining assets in Venezuela after failing to garner approval from country's beleaguered government. Venezuela holds a 60 percent stake in Petroandina, a subsidiary of the Houston oil and gas company.

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US Rig Count Plummets 35 to 1,840

January 2, 2015 9:29 am | by Associated Press | Comments

Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. plunged by 35 last week to 1,840. The Houston firm said Monday in its weekly report that 1,499 rigs were exploring for oil and 340 for gas. One was listed as miscellaneous. A year ago 1,757 rigs were active.

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Colo. Plant Manager Says Facility is Safe

January 2, 2015 9:20 am | by Fort Collins Coloradoan; Fort Collins, Colo. | Comments

The manager of a Taft Hill asphalt plant that some people want relocated says the plant is safe and it would be difficult to move it to a location that wouldn't affect anyone. The plant operated by Martin Marietta Materials is the target of a petition drive started this year by Citizens Against Asphalt Toxins.

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Mohave County Mine Laying Off Hundreds of Workers

December 30, 2014 1:54 pm | by Associated Press | Comments

A financially troubled copper mine in Mohave County is laying of hundreds of workers. The Today's News-Herald newspaper reports that the Mineral Park mine near Kingman sent layoff notices to more than 350 workers on Monday. The company has been attempting to tell the mine but a possible sale fell through.

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Elmer Chocolate Expanding Ponchatoula Plant

December 30, 2014 1:49 pm | by Associated Press | Comments

The company said Tuesday the 70,000-square-foot addition will make it more efficient, versatile and competitive in the marketplace. The latest expansion will bring its total plant size in Ponchatoula, including administrative headquarters and distribution facilities, to nearly 400,000 square feet.

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Eufaula Plant Expanding, Adding 20 Jobs

December 30, 2014 1:39 pm | by Associated Press | Comments

CARBO Ceramics in Eufaula is expanding and adding 20 jobs, who will join 75 who already work for at the Eufaula plant. The company makes products and provides services for oilfield service companies and operators of natural gas and oil wells.

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NYC Fields Over 200 Pre-Suit Claims From Gas Blast

December 30, 2014 1:33 pm | by Associated Press | Comments

New York City could face more than 200 lawsuits over a gas explosion that leveled two buildings and killed eight people earlier this year. The explosion destroyed two five-story East Harlem apartment buildings and injured more than 60 people.

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Shuster: No Plan For Gas Tax Hike, Mileage Fees

December 30, 2014 10:47 am | by HOPE YEN, Associated Press | Comments

The chairman of the House Transportation Committee says passing a bill to pay for America's aging roads and bridges will be a top priority next year but is ruling out a gasoline tax hike or motorist user fees as the way to do it. Rep. Bill Shuster, R-Pa., has previously said a vehicle-miles-traveled tax should be considered.

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