Flying could get cheaper next year as airlines say they will finally start passing on some of the savings made on plummeting oil prices. Carriers are forecasting record profits for 2015 thanks to cheaper fuel and rising demand. As a result, they expect to cut the average ticket price by 5 percent in 2015, excluding surcharges and taxes.
The St. James Parish School Board has voted to declare St. James High School as surplus property, an action designed to speed its sale. Officials say China-based Yuhuang Chemical Inc., a corporation set to begin building a $1.85 billion ethanol plant adjacent to the school site, is interested in the property.
Oxford Performance Materials Inc. (OPM) announced the launch and availability of the first two grades of its OXFAB 3-D printing technology (OXFAB-N and OXFAB-ESD) for aerospace and industrial applications. OXFAB is OPM's proprietary technology platform and formulation of poly-ether-ketone-ketone (PEKK), a high performance polymer.
Manufacturing solutions provider and systems integrator Optimation Technology is bringing new and innovative elements to its historic Rochester location, similar to the former tenant of its current facility— Kodak.
A U.S. Senate decision is imminent on legislation that would ease the way for a massive copper mine 100 miles north of Tucson. The Senate could vote Wednesday or Thursday on the National Defense Authorization Act, which includes a bill to give 2,400 acres of national forest land near Superior to a foreign mining company.
So far this year gold has held its value relative to silver, copper, oil and two major currencies; the euro and Japanese yen. A confirmed bottom in U.S. dollar price is the first step to better days. It is hard to bet against King Dollar but gold presently has a stronger hand than these commodities. Why?
While consumers rejoice at lower gasoline prices, states with fuel taxes that increase or decrease with the wholesale price of gasoline or the inflation rate are struggling to deal with declining revenues. Even in states with a per-gallon tax, fuel-efficient cars and reduced driving have combined to lower revenues from gas taxes, which are often dedicated to road maintenance and construction.
A new oil refinery near Dickinson is ramping up to begin producing diesel fuel. KXMB-TV reports that the $350 million Dakota Prairie Refinery received its first shipment of 27,000 barrels of crude last week. Once the plant is fully operational, it will process 20,000 barrels of crude each day into diesel and other products.
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.
He's young, he's got two young kids and he lives to do anything outdoors. Robert Watson Jr., of San Antonio, also runs an oil and gas company, EnerJex Resources, which just moved into Weld County's rich resource plays with a small acquisition of about 4,000 acres.
Check out the top ten trends spotted at this year's Pack Expo. We look at the expressive robot Baxter, fog computing, Modified Atmosphere Packaging, Parker Automation's SCOUT, Honeywell's wearable Dolphin, Dorner's SmartPace Conveyor, food safety reforms, the skills gap, the omnipresent Internet of Things, and other exciting ideas and products.
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.
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.
Today, Lloyd’s Register Energy launched a joint industry project (JIP) inviting companies from across the world to tackle the current and future issues faced by manufacturers supplying the energy industry—the latest JIP focuses on additive manufacturing.
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.
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.
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.
It’s been a solid year for U.S. manufacturing. Where will the trends take us in 2015? In the coming year, expect manufacturing to continue to be a bright spot—and potential lifesaver—for the U.S. economy. Here are my five predictions for 2015 and beyond.
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.
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.
In a far-reaching deal that helps reunite Iraq in the face of a bitter war with Islamic extremists, the central government agreed on Tuesday to a long-term pact with the autonomous Kurdish region to share the country’s oil wealth and military resources. The agreement, which could unite Iraq in the face of a Sunni insurgency, covers the sharing of oil revenues with the autonomous Kurdish region.
Cliffs Natural Resources is selling off coal assets in West Virginia as the mining company continues to shift more toward a pure, iron ore supplier. Cliffs will take a pre-tax loss of $375 million to $425 million on the sale in the four quarter. It will use proceeds from the $175 million sale to Coronado Coal II LLC to pay down debt.
Economic activity in the manufacturing sector expanded in November for the 18th consecutive month, and the overall economy grew for the 66th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.
A federal judge has sent a Plaquemines Parish lawsuit against 19 oil and gas companies back to state court for trial. NOLA.com The Times-Picayune reports that U.S. District Judge Jay Zainey's ruling sets the stage for the return of 27 others suits to state courts in Plaquemines and Jefferson parishes.
The Garrett County Commissioners voted unanimously Tuesday to endorse the findings of the Garrett County Shale Gas Advisory Commission to further explore the impacts of drilling. The commissioners also voted to forward the report to the incoming commissioners for a decision on how to best implement policies and procedures for Marcellus shale moving forward.