If you work in manufacturing, the free fall of gasoline prices has, in many ways, been a blessing: Feedstock and transportation costs are down, and consumer confidence is swinging way up. But of course, not everyone has been rejoicing. No matter where you fall in this mix of hope and dread, the main question is: How long will it last?
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.
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.
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.
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.
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.
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.
Conventional oil producers are not the only ones affected by falling oil prices. The energy crisis has also hit shale production and green energy in the U.S., Marin Katusa, chief energy investment strategist from Casey Research told RT.
The United States is back, and ready to drive global growth in 2015. After long struggling to claw its way out of the Great Recession, the world's biggest economy is on an extended win streak that is edging it closer to full health. But the new year doesn't look quite so bright in other major countries.
The strange recruitment of a potential $1.2 billion aluminum mill rolls on. American Specialty Alloys had promised to announce a site and a financing plan by the end of the year. The company now plans to publicly name a site in the first three months of 2015.
Ellen Merkel says she gets "a little teary-eyed" when she thinks about the Vermont Yankee nuclear plant sending its last electrons to the regional power grid. She knows it will likely mean moving from her nice neighborhood in Vernon, where her husband works at the plant, to the South for a new job.
China said Friday that it would help Nepal develop its power industry to alleviate severe electricity outages that can last up to 12 hours a day in the Himalayan nation, where Beijing is trying to increase influence and investment.
An agreement has been reached to build a new $2 billion fertilizer plant in American Falls. ConAgra Foods and Magnida also announced an agreement on groundwater Tuesday, The Idaho Statesman reported. Construction on the new plant could begin in 2015.
The only commercial nuclear power plant in Missouri has turned 30 and is seeking to operate for another three decades. The Callaway Energy Center, which generates about 20 percent of Ameren Missouri's electricity for its 1.2 million customers, was granted a 40-year operating license in 1984.
For some, cheaper oil prices made long holiday trips possible. But for others whose bottom line is conneced to the oil industry, the decline is starting to take a toll. For people who's job depend on oil production, the talk is of layoffs and tough times ahead.
Alaska Gov. Bill Walker has signed an agreement with a Japanese energy company formally declaring a commitment to form a partnership in developing Alaska's liquefied natural gas market. Officials say Japanese prefectures have been considering LNG to replace nuclear energy following the shut down of the Fukushima nuclear power plant.
The Kentucky Public Service Commission has authorized Kentucky-American Water Co. to replace a 90-year-old filtration facility in Lexington with a new one. The current plant was built in 1924 and last expanded in 1953.
A settlement over a 2010 oil spill in southwestern Michigan is worth $6.25 million, not $6.75 million as lawyers reported earlier in December. The company has estimated cleanup costs to be about $1.2 billion, including $227 million on environmental consultants.
Murray Energy is expanding its coal preparation plant in Benwood. Construction of a new coal processing facility is underway at the Ohio County Coal Co. prep plant. The project is expected to be completed by late spring.
A federal appeals court has ruled against environmentalists who are trying to force the Environmental Protection Agency to regulate spent lead bullets and lead shot used in hunting and shooting sports. The Toxic Substances Control Act exempts cartridges and shells from regulation.
Saudi Arabia's Oil Minister, Ali al-Naimi, tells John Defterios in an exclusive interview that his country is not conspiring to target U.S. and Russian oil producers by not cutting production. "I was the first minister to welcome the production of Shell Oil," he says.
After years in the making, Five Pawns pulls back the curtain and reveals their state-of-the-art production facility. Check out the step-by-step process that produces a Five Pawns bottle and how they use cutting-edge technology in their manufacturing line.
On Dec. 11, LNS Research and Manufacturing.net hosted a webinar entitled: "Weaving the Digital Thread in Aerospace & Defense Manufacturing: Strategies for Connecting to the Customer Experience." Here we'll reexamine questions from the event and give answers to a few that went unaddressed.
Israel's antitrust authority said Tuesday it will challenge the ownership structure of the country's natural gas resources, a decision that could rattle an increasingly important industry. A conglomerate of companies including Texas-based Noble Energy has been developing Israel's offshore natural gas deposits.
A $33 million modernization project at Honeywell's chemical and refrigerant gases manufacturing facility in Baton Rouge has been completed. Gov. Bobby Jindal and Honeywell Performance Materials and Technologies President and CEO Darius Adamczyk announced the completion Monday.