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Man Pleads Guilty To Mine Kickback Scheme

August 7, 2014 4:01 pm | by JONATHAN MATTISE, Associated Press | News | Comments

David E. Runyon's guilty plea came in U.S. District Court in Charleston. He faces up to 25 years in prison and $500,000 in fines for extortion and tax evasion.                         

Oil Boom & Housing Bust Alter Spending Trends

August 7, 2014 4:00 pm | by CHRISTOPHER S. RUGABER, AP Economics Writer | News | Comments

Americans spend the most, per person, on housing in Washington, D.C., and the least in West Virginia. Those and other figures emerged from a new annual report from the government that for the first time reveals consumer spending on a state-by-state basis. The numbers point to substantial shifts in the economy since the recession ended.

WTO Upholds Rare Earth Ruling Against China

August 7, 2014 3:54 pm | by Associated Press | News | Comments

The World Trade Organization has upheld a ruling that China violated international trade rules with restrictions on the export of "rare earths," the minerals used in mobile phones, hybrid cars, flat-screen TVs and other high-tech products.

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Venezuela Considers Selling Citgo

August 7, 2014 9:49 am | by HANNAH DREIER, FABIOLA SANCHEZ, Associated Press | News | Comments

Venezuela's government has confirmed that it is considering the sale of its oil refining and distribution network in the U.S. amid a worsening economic crisis.                         

Mexico Approves Oil Sector Opening

August 7, 2014 9:45 am | by E. EDUARDO CASTILLO, Associated Press | News | Comments

Mexico's Congress approved a comprehensive energy reform that will break more than seven decades of state monopoly and dramatically expand the role of foreign and private companies in the country's oil and gas industry.              

Are Your Ideas Protected?

August 7, 2014 1:00 am | by Michael Sherban, patent attorney | Articles | Comments

Small and midsize companies often neglect their most valuable assets — their intellectual property. Failing to protect ideas can have negative long-term effects, especially small and midsize companies. While the process may seem daunting, it is not, and a company should not be dissuaded from protecting the ideas that it has spent precious time and resources developing.

Nebraska Ethanol Plant Reopens

August 6, 2014 3:30 pm | by Associated Press | News | Comments

A corn-fed ethanol plant in south-central Nebraska that has been idle since 2012 has reopened thanks to an improved market, a company executive said.                       

Alpha Natural Resources Posts Big Q2 Loss

August 6, 2014 3:27 pm | by Associated Press | News | Comments

The Bristol, Virginia-based company posted a loss of $512.6 million, or $2.32 per share, compared with a loss of $185.7 million, or 84 cents per share, in the same quarter a year earlier.                    

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Oklahoma Fertilizer Plant Expansion To Start This Fall

August 6, 2014 3:24 pm | by Associated Press | News | Comments

The Enid News and Eagle reports the Koch Nitrogen plant expansion in Enid is expected to increase the company's ammonia production by more than 1 million tons each year.                              

Fracking Stocks Bring In High Investor Returns

August 6, 2014 10:04 am | by DAVE KOLPACK, Associated Press | News | Comments

Companies that provide hydraulic fracturing technologies and other services in the North Dakota oil patch and elsewhere aren't the only ones making money. People who invest in them are also having a good year.                                       

Growth Continues In The Marcellus

August 5, 2014 3:42 pm | by U.S. Energy Information Adminstration | News | Comments

Natural gas production in the Marcellus Region exceeded 15 billion cubic feet per day (Bcf/d) through July. The Marcellus Region, mostly located in West Virginia and Pennsylvania, is the largest producing shale gas basin in the United States, accounting for almost 40% of U.S. shale gas production. Marcellus Region production has increased dramatically over the past four years, increasing from 2 Bcf/d in 2010 to its current level.

Factory Orders Rise 1.1% In June

August 5, 2014 3:35 pm | by JOSH BOAK, AP Economics Writer | News | Comments

Orders rose a seasonally adjusted 1.1 percent compared to the previous month, the Commerce Department reported Tuesday. Factory orders had fallen 0.6 percent in May after three straight months of gains.                         

$15M Investment Planned For Geismar Biofuel Plant

August 5, 2014 3:33 pm | by Associated Press | News | Comments

Renewable Energy Group plans to spend $15 million in the next 12 months on the company's Geismar facility, which makes diesel from animal fat.                              

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Reshoring A Growth Driver In Powder Coating Industry

August 4, 2014 4:47 pm | by Powder Coating Institute | News | Comments

After more than two decades of "reshoring" or "off-shoring" manufacturing production to low-cost labor countries like China, U.S.-based companies are bringing their operations back home – resulting in the increasing need of skilled technical experts and coating professionals. 

New Ozone Regulations Could Cost U.S. GDP & Jobs

August 4, 2014 4:36 pm | by National Association of Manufacturers | News | Comments

A new study by NERA Economic Consulting and commissioned by the National Association of Manufacturers (NAM) reveals that a more stringent ozone standard from the Obama Administration could reduce GDP by $270 billion per year and carry a compliance price tag of $2.2 trillion from 2017 to 2040, increasing energy costs and placing millions of jobs at risk.

Mississippi Power Settles Coal Litigation

August 4, 2014 3:46 pm | by JACK ELLIOTT JR., Associated Press | News | Comments

Mississippi Power will convert from coal to natural gas or retire several units at plants in south Mississippi and Greene County, Alabama, as part of an agreement to end litigation over construction of a coal-fired power plant in Kemper County.

A bill to regulate the disposal of waste produced by gas-well drilling will likely be introduced by West Virginia Gov. Earl Ray Tomblin in a special session.

Coal Struggle Endures With WV Miner Layoffs

August 4, 2014 10:32 am | by JONATHAN MATTISE, Associated Press | News | Comments

When Alpha partly laid blame on EPA regulation for layoff plans, it set off a chain reaction of political finger-pointing in West Virginia. Democratic Gov. Earl Ray Tomblin said the state's fears over EPA rules became reality. Several GOP congressional candidates heightened attacks against Democratic foes for being on the same side as Obama.

At sites across the country, coal ash dumped decades ago is dug up and recycled to make concrete, asphalt and other building products. In Wisconsin, for example, the utility We Energies is recycling ash for use in an interstate construction project.

TVA To Pay Coal Ash Victims $27.8M

August 4, 2014 10:24 am | by TRAVIS LOLLER, Associated Press | News | Comments

The nation's largest public utility has agreed to pay $27.8 million to settle claims from Tennessee property owners who suffered damages from a huge, 2008 spill of toxin-laden coal ash sludge that drew national attention to coal ash and its toxic contaminants.

DNR Orders Frack Sand Mine To Cease Operations

July 31, 2014 1:27 pm | by Associated Press | News | Comments

The Minnesota Department of Natural Resources has ordered a southeastern Minnesota frack sand mine to stop operating.                                    

ConocoPhillips Q2 Profit Up 1.5%

July 31, 2014 1:21 pm | by Associated Press | News | Comments

ConocoPhillips reported net income that increased by 1.5 percent in its second quarter. The results beat analysts' expectations.                                         

Sunoco Pipeline Hit With Setback

July 31, 2014 1:20 pm | by Associated Press | News | Comments

Sunoco Logistics has gotten a setback to its plans to pump propane and ethane in its 300-mile Mariner East pipeline across southern Pennsylvania.                                    

Royal Dutch Shell said Friday it is selling its Australian gasoline stations and refinery to energy trader Vitol Group for 2.9 billion Australian dollars ($2.6 billion).

Shell Profits Up On Higher Oil Prices

July 31, 2014 9:36 am | by Associated Press | News | Comments

Royal Dutch Shell PLC, Europe's largest oil company, says second quarter earnings rose on higher production and higher selling prices for oil, and fewer one-time charges.                              

The company that operates a southeastern Pennsylvania nuclear plant says it may decide within a year to shut down some of its 11 nuclear power stations if a way to make them profitable can't be found.

Exelon Buys Integrys Retail For $60M

July 30, 2014 4:17 pm | by Associated Press | News | Comments

Integrys Energy Services, sells electricity and natural gas to about 1.2 million customers in 22 states and Washington DC. Exelon said the business will become part of its Constellation unit, which has about 2.5 million customers.   

Canada-Billings Pipeline Access Granted

July 30, 2014 4:13 pm | by Associated Press | News | Comments

A refining company will be able to continue operating three pipelines that transport crude oil from Canada after a judge granted access to the final land parcel whose easement had expired.                     

Valero Energy Profit Up 26%

July 30, 2014 4:00 pm | by Associated Press | News | Comments

Valero Energy Corp. (VLO) reported earnings that climbed by 26 percent in its second quarter, and fell short of analysts' expectations.                                

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