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

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

Iraqi Government and Kurds Reach Deal to Share Oil Revenues

December 3, 2014 2:59 pm | by New York Times | News | Comments

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 Sells Coal Assets in Shift Toward Iron Ore

December 3, 2014 11:22 am | by Associated Press | News | Comments

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.

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Economic activity in the manufacturing sector expanded in January for the eighth consecutive month, and the overall economy grew for the 56th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.

ISM: Manufacturing Slows Slightly, Remains Strong

December 3, 2014 11:18 am | by By Jon Minnick, Associate Editor, Manufacturing Business Technology | Articles | Comments

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.

U.S. Judge: State to Try Suit Against Oil Companies

December 3, 2014 11:12 am | by The Times-Picayune; New Orleans | News | Comments

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.

Garrett Commission Votes to Endorse Findings on Shale Gas Drilling

December 3, 2014 10:56 am | by By Elaine Blaisdell, Cumberland Times-News; Cumberland, Md. | News | Comments

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.

Market Currents: How The Energy Boom Helps Americans

December 3, 2014 10:46 am | by The Pittsburgh Tribune-Review | Articles | Comments

Americans should welcome global crude-oil prices plunging below $65 a barrel and hope the combination of demand blunted by economic slowdowns in Europe and China and abundant supply driven by soaring U.S. production and OPEC not cutting output will continue.

Economic Crime In The Chemical Sector: Where Is It Coming From?

December 2, 2014 2:05 pm | by By Robert McCutcheon, Partner, US Industrial Products Sector Leader | Blogs | Comments

The chemical sector has one of the lowest rates of economic crime, according to our 2014 Global Economic Crime Survey. And yet, 27 percent of respondents say their company has experienced some form of fraud, up from 22 percent in 2011.

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3D Printing Materials Market Will Increase Ten-Fold by 2025

December 2, 2014 1:54 pm | by IDTechEx | Articles | Comments

A massive increase in the use and applications of 3D printers is encouraging huge growth in the market for 3D printing materials. The total consumable market in in 2013 was $800m and is expected to reach $8bn by 2025, according to IDTechEx's new report "3D Printing Materials 2015-2025, Status, Opportunities, Market Forecasts."

Fire Crews Not Told About Chemical Leak at Chillicothe Paper Plant

December 2, 2014 1:37 pm | by Laura Arenschield, The Columbus Dispatch, Ohio | News | Comments

The Ohio Environmental Protection Agency says it was likely that people within a 1-mile radius of a Chillicothe paper plant might have experienced nausea, sore throats or watery eyes after a chemical compound leaked from the site on Oct. 31.

Nearly One-Third of Natural Gas Pipeline Capacity Into the Northeast Could be Bidirectional by 2017

December 2, 2014 1:28 pm | by Tu Tran, Today in Energy | Articles | Comments

Spurred by growing natural gas production in Pennsylvania, West Virginia and Ohio, the natural gas pipeline industry is planning to modify its systems to allow bidirectional flow to move up to 8.3 billion cubic feet per day (Bcf/d) out of the Northeast.

Could Wyoming's Oil Boom Be Over Before It Started?

December 2, 2014 11:46 am | by By BENJAMIN STORROW, Casper Star-Tribune | News | Comments

Plunging oil prices are prompting companies to shelve expansion plans in the Cowboy State, raising doubts over the future of Wyoming’s fledgling oil boom. Industry executives and observers said they expect drilling in Wyoming to slow after a 40 percent drop in price, months of tepid global demand and news that the Organization of Petroleum Exporting Countries cartel will not curtail production.

Turkey, Russia Look to Shake up Gas Market

December 2, 2014 11:06 am | by SUZAN FRASER, Associated Press, PABLO GORONDI, Associated Press | Articles | Comments

Spiraling tensions between Europe and Russia were behind Moscow's decision to scrap the South Stream pipeline, which would have traveled through many Balkan states. Countries in the region on Tuesday were counting the political and financial cost of the shift.  

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Ukraine Gets Loan To Modernize Pipelines

December 1, 2014 11:40 am | by Peter Leonard, AP | News | Comments

These upgrades could lower the cost of transporting fuel by 20 percent. The loan is being provided to state-owned pipeline operator Ukrtransgaz by the EU's lender, the European Investment Bank. This could help the reliability of the pipeline and lessen the influence of Moscow-backed plans.

Homeowners Near Detroit Refinery Feel Neglected

December 1, 2014 11:32 am | News | Comments

Neighborhoods bordering a Marathon oil refinery have been in decline - dealing with abandoned homes, increased crime and the odor, noise and dust that come with living near a refinery. Interstate 75 is nearby, along with a wastewater treatment facility and railroad tracks - all of which have driven down property values.

Court Rejects Appeal In Iowa Pollution Case

December 1, 2014 11:26 am | News | Comments

The justices have let stand an Iowa Supreme Court ruling that said residents could bring a nuisance lawsuit against Grain Processing Corp., which operates a corn processing plant in Muscatine.           

Illinois To Be Home Of New Corn Protein Extraction Plant

December 1, 2014 11:13 am | by Joanie Stiers, The (Galesburg) Register-Mail | News | Comments

Zein proteins make up about 40 percent of the total protein in corn. After extraction, it appears as a pale-yellow powder that can be used for biodegradable plastics, paper coatings, food packaging, antioxidants, medical devices, pharmaceutical products, food and cosmetics.

What Is OPEC Thinking?

November 26, 2014 10:40 am | by Jonathan Fahey, AP Energy Writer | News | Comments

There is political upheaval across the Middle East, Iran is suffering under Western sanctions, and surprising growth in oil production outside of OPEC is sapping badly-needed revenue. Crude has fallen 32 percent in five months, reducing OPEC revenues by nearly $1 billion a day.

Wyoming Opens Door To More Gas-Liquid Conversion Plants

November 26, 2014 9:52 am | News | Comments

The Wyoming Legislature's Joint Minerals, Business and Economic Development Interim Committee voted 13-1 to sponsor a bill that would allow the state to buy natural gas and then contract with a plant to convert it into more expensive products, such as diesel.

EIA: Gas Prices Lowest Since '09 Thanksgiving

November 26, 2014 9:36 am | News | Comments

The national average is 47 cents lower than a year ago, and the lowest price heading into a Thanksgiving holiday since 2009. AAA estimates that during this Thanksgiving holiday weekend 41.3 million people in the United States will travel more than 50 miles from home by car.

MAPI: Production To Outpace GDP Growth

November 25, 2014 12:03 pm | Articles | Comments

Manufacturing production is expected to outpace GDP, with anticipated growth of 3.5 percent in 2015 and 3.9 percent in 2016. A five-year horizon shows that GDP is expected to average 2.8 percent growth and manufacturing production 3.26 percent growth.

U.S. Steel To Build New HQ In Pittsburgh

November 25, 2014 11:46 am | by Joe Mandak, AP | News | Comments

The new five-story building will house U.S. Steel's 800 headquarters employees for at least 18 years, with an option to extend the lease beyond that. The plan solves several interlocking problems for U.S. Steel, the NHL's Pittsburgh Penguins and the city.

Proposed Rail Terminal Would Be The Largest For Oil In The U.S.

November 25, 2014 11:34 am | News | Comments

A proposed oil terminal in Vancouver, Washington would handle more crude than any single rail facility in the U.S. Vancouver Energy, a joint venture, would handle an average of 360,000 barrels of oil per day, or up to four trains daily.

EPA Thinks Coal Plants Should Spend $2B To Cut Emissions

November 25, 2014 11:15 am | by Emily Schmall, AP | News | Comments

Regulators said that the largest coal-fired power plants in Texas should invest more than $2 billion in new technology to reduce sulfur dioxide emissions, but the state's coal regulator said the plan would increase costs for consumers while doing little for the environment.

Profire Energy Acquires VIM Injection Management

November 24, 2014 11:25 am | News | Comments

Profire Energy, a technology company that creates, installs and services burner management systems and other combustion technologies for the oil and gas industry, has acquired the assets of VIM Injection Management, an oilfield chemical-injection technology company.

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