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Gas Prices Lead to 'Positive Near-Term Economic Outlook'

March 2, 2015 10:53 am | by Andy Szal, Digital Reporter | News | Comments

The MAPI Foundation's latest quarterly economic forecast predicted the cost per barrel of imported crude oil to average less than $50 this year, down dramatically compared to the $80 per barrel forecast in the group's November report.

2 Train Cars Carrying Crude Derail in New Orleans; No Spill

March 2, 2015 9:42 am | by The Associated Press | News | Comments

Two New Orleans Public Belt Railway cars each carrying 30,000 gallons of crude went off the tracks.

Lawsuit Alleges Exxon Denied More Claims Than Paid

March 2, 2015 9:38 am | by The Associated Press | News | Comments

Two batches of bad fuel produced at ExxonMobil in mid-March 2014 caused some Baton Rouge area drivers to experience problems with their intake and valve systems.

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Gas Prices Soar in California as Supply Shrinks

March 1, 2015 10:52 pm | by GILLIAN FLACCUS, Associated Press | News | Comments

Gas prices are soaring in California in a classic example of supply and demand after an explosion stopped gasoline production at an Exxon Mobil refinery while another remains offline due to labor unrest.

Baton Rouge-Area Industries Expect to Maintain Employment

February 27, 2015 1:37 pm | by The Advocate; Baton Rouge, Louisiana | News | Comments

The Advocate reports the group represents more than 57 petrochemical, energy, paper, pharmaceutical, pipeline, storage terminal and other industrial facilities in the eight parishes surrounding Baton Rouge.

President Barack Obama is satisfying a year-old pledge by announcing the creation of two Pentagon-led institutes that will combine public and private resources to foster manufacturing innovation.

Obama Talks Oil-Train Safety in Oregon Television Interview

February 27, 2015 9:24 am | by The Associated Press | News | Comments

President Barack Obama said the federal government plans to strengthen regulations regarding oil train safety.

How Shale Has Transformed One Tiny Town in Texas

February 26, 2015 5:03 pm | by Meagan Parrish, Editor, Chem.Info | Videos | Comments

We all know the current oil boom has produced winners and losers around the U.S. — and they're often packed into the same small towns.

Nebraska Judge Agrees to Halt Condemnations For Keystone XL

February 26, 2015 4:35 pm | by The Associated Press | News | Comments

A Nebraska judge has issued a temporary order to stop a Canadian company from seizing access to land in one eastern county to build the Keystone XL pipeline.

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Industry Group Issues Warning For Fracking Vapors: 'One Breath Could be Death'

February 25, 2015 11:55 am | by Andy Szal, Chem.Info | News | Comments

Regulators are reportedly investigating four deaths on the Bakken range since 2010 that could be linked to vapor exposure, though none have been officially attributed to that cause.

Oil Boom's End Threatens Pain For Much of Latin America

February 25, 2015 11:29 am | by JACOBO G. GARCIA, Associated Press | Articles | Comments

Soaring oil prices the past decade transformed this rural backwater into Colombia's richest city as nearby fields pumped black gold, drawing new businesses, international pop stars and vanity art projects such as the biblical-themed arch that towers over these sweltering grasslands.

Top Russian Official: Western Sanctions Threaten Oil Output

February 25, 2015 11:23 am | by The Associated Press | News | Comments

The chairman of the Russian Security Council says Western sanctions are threatening the country's oil and gas industry.

Impact of Massive Oil Refinery Strike on Gas Prices

February 25, 2015 10:19 am | by CBS This Morning | Videos | Comments

Gas prices that fell for months have continued to climb for 29 straight days. Meanwhile, the largest oil refinery strike in 35 years is now in its fourth week. Does it mean the end of cheap gas?

Is Keystone Down The Tubes?

February 25, 2015 10:05 am | by Meagan Parrish, Editor, Chem.Info | Videos | Comments

On Tuesday, the Keystone XL pipeline bill arrived at President Obama's desk and was promptly vetoed. So what does the future hold for the prospects of this major pipeline?

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"Oil Company Death List" Report Reveals 19 Energy Companies in Danger

February 25, 2015 9:38 am | by Andy Szal, Chem.Info | News | Comments

A report from a Baltimore-based financial network warns of 19 energy stocks in jeopardy of "going belly-up" in the wake of plummeting oil prices.

Antarctica: Mystery Continent Holds Key to Mankind's Future

February 24, 2015 3:29 pm | by LUIS ANDRES HENAO and SETH BORENSTEIN, Associated Press | Articles | Comments

The ice tells how levels of carbon dioxide, the heat-trapping gas, have fluctuated over hundreds of thousands of years. This is also the place where a hole in the ozone layer, from man-made refrigerants and aerosols, periodically parks for a couple months and causes trouble. 

Obama to Veto Keystone XL Pipeline

February 24, 2015 2:22 pm | by JOSH LEDERMAN, Associated Press | News | Comments

President Barack Obama will veto a Republican-backed bill on Tuesday that would have approved construction of the Keystone XL oil pipeline.

Fracking Regulation Debate Heats up Colorado

February 24, 2015 2:17 pm | by DAN ELLIOTT, Associated Press | News | Comments

Similar battles are playing out in other states, but it's especially intense in Colorado, which has abundant oil and gas, a deep-rooted belief in property rights and a strong environmental movement.

A New Source of Biofuel — Leather Sludge

February 24, 2015 9:30 am | by Meagan Parrish, Editor, Chem.Info | Videos | Comments

Properly disposing of waste from the leather processing industry is a costly and tricky endeavor — which is why a team of scientists has been hard at work demonstrating that there could be way to make good use of this toxic sludge.

Chevron Pulls Out of Shale Gas Exploration in Romania

February 23, 2015 5:13 pm | by The Associated Press | News | Comments

The company began drilling for shale gas at its exploration well in northeastern Romania in 2014, a project that drew protests. It is also ending its three other concessions in Romania.

Fuel-Hauling Trains Could Derail at 10 a Year

February 23, 2015 5:10 pm | by MATTHEW BROWN and JOSH FUNK, Associated Press | News | Comments

The U.S. government predicts that trains hauling crude oil or ethanol will derail an average of 10 times a year over the next two decades, causing more than $4 billion in damage and possibly killing hundreds of people if an accident happens in a densely populated part of the country.

Filthy India Air Cutting 660 Million Lives Short by 3 Years

February 23, 2015 2:04 pm | by KATY DAIGLE, AP Environment Writer | Articles | Comments

India's filthy air is cutting 660 million lives short by about three years, according to research published Saturday that underlines the hidden costs of the country's heavy reliance on fossil fuels to power its economic growth with little regard for the environment.

Refinery Strike Expands Again

February 23, 2015 11:40 am | by Andy Szal, Chem.Info | News | Comments

The newly affected plants include a refinery in Port Arthur, Texas — the nation’s largest — along with two refineries and a chemical facility in Louisiana.

Report: Manufacturers Will Largely Benefit From Low Oil Prices

February 20, 2015 3:44 pm | by Andy Szal, Chem.Info | Articles | Comments

The U.S. remains a net importer of oil despite increased domestic production. That, says economist Dan Meckstroth, means the U.S. as a whole stands to benefit from an oil market that has wreaked havoc on oil exporting nations.

Fossil Fuel Divestment Effort Comes to Energy-Rich Colorado

February 20, 2015 3:33 pm | by DAN ELLIOTT, Associated Press | Articles | Comments

A campaign to get universities to stop investing in greenhouse gas-producing fuels has come deep into energy country as activists ask the University of Colorado to divest from coal and petroleum companies.

US Rig Count Decreases 48 to 1,310

February 20, 2015 3:29 pm | by The Associated Press | News | Comments

Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. fell by 48 this week to 1,310 amid depressed oil prices.

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