Oil & Gas
- US: Stalled clean coal plant moving ahead in Illinois
- APNewsNow
- WASHINGTON - The Department of Energy has decided to move forward on a stalled futuristic coal-burning power plant in central Illinois that languished under the previous administration.
The project known as FutureGen would burn coal for power but store... Full story
- As debt grows, desperate car owners turn to fraud
- BREE FOWLER
- LOS ANGELES - Driven to desperation, a growing number of financially strapped car owners are torching, sinking or ditching their vehicles and then reporting them stolen to cash in on the insurance.
SUVs have been found ablaze in the Nevada desert,... Full story
- Oil soars above $71, hitting 2009 high
- GEORGE JAHN
- VIENNA - Oil prices soared above $71 a barrel Wednesday to reach a 2009 high, as investors poured money into crude markets to protect themselves against the inflation risks posed by a weakening U.S. dollar.
Oil, which typically trades inversely... Full story
- Crude passes $70 but gas prices flatten
- JOHN PORRETTO
- HOUSTON - While crude passed $70 a barrel Tuesday, gasoline prices failed to rise overnight for the first time in 42 days, signaling a possible break for motorists as summer driving shifts into high gear.
Benchmark crude for July delivery rose... Full story
- Odds of energy price spike from hurricanes fades
- ERNEST SCHEYDER
- NEW YORK (AP) - The chance of a severe 2009 hurricane season continues to fade, according to the most recent forecasts, a potential break from recent years when violent storms smashed in the Gulf Coast and sent energy prices spiking.
Even if a storm... Full story
- Oil prices briefly pass $69 per barrel
- DIRK LAMMERS
- SIOUX FALLS, S.D. (AP) - Oil prices briefly passed $69 per barrel Tuesday in a week long rally that appears short on fundamentals, yet exceedingly full of momentum.
Average retail gasoline prices continued to march upward: A gallon now costs about 46... Full story
- GM to sell Hummer to Chinese company
- AP Auto Writers
- BREE FOWLER
- DETROIT (AP) - General Motors Corp. took a key step toward its downsizing on Tuesday, striking a tentative deal to sell its Hummer brand to a Chinese manufacturer, while also revealing that it has potential buyers for its Saturn and Saab brands.
GM has... Full story
- Culprits in last year's energy spike reappear
- MARK WILLIAMS
- COLUMBUS, Ohio (AP) - Oil prices pushed to new highs for the year Monday on a weak dollar and new data suggesting manufacturing in China has strengthened. Both of those factors helped send energy prices to record highs last summer.
The national average... Full story
- Oil slides below $68 as investors eye inflation
- GEORGE JAHN
- VIENNA (AP) - Oil prices slipped below $68 a barrel Tuesday as traders took profits on recent gains, which were driven by speculation that a massive global fiscal stimulus could spark an economic recovery and inflation.
Benchmark crude for July delivery... Full story
- General Motors in tentative deal to sell Hummer
- NEW YORK (AP) - General Motors Corp. said Tuesday that it has tentatively agreed to sell its Hummer brand, a day after the U.S. automaker filed for bankruptcy protection with hopes that it will transform its most profitable assets into a new company within... Full story
- Obama talks up wind power, green jobs on Earth Day
- MIKE GLOVER
- NEWTON, Iowa - Marking Earth Day with a pitch for his energy plan, President Barack Obama on Wednesday called for a "new era of energy exploration in America" and argued that his proposal would help the economy and the environment at once.
"The choice... Full story
- Paper companies get unexpected tax-credit windfall
- STEPHEN OHLEMACHER
- WASHINGTON - A law to make the earth a little greener is giving paper mills an unintended multibillion-dollar tax windfall with the help of a little diesel fuel.
The bonanza, however, could be short-lived.
Struggling paper companies recently discovered... Full story
- Oil chiefs urge offshore drilling
- By H. JOSEF HEBERT
- WASHINGTON (AP) - Executives of the biggest oil companies sought to convince lawmakers Wednesday that expanded offshore drilling will produce jobs and help the nation's economy, although new leases in areas that have been off limits would not be issued... Full story
- Oil prices rise ahead of US inventory report
- By CHRIS KAHN
- NEW YORK (AP) - Oil prices rose above $40 Wednesday ahead of a government report that is expected to show U.S. crude inventories continue to swell.
The same pattern emerged last week when investors appeared to ignore forecasts that unused crude in storage... Full story
- Oil above $40 as market digests Bernanke comments
- By GEORGE JAHN
- VIENNA, Austria (AP) - Oil prices rose above $40 a barrel Wednesday after the Federal Reserve chief said U.S. banks will not be fully nationalized and that the U.S. economy may emerge from recession by year-end.
The rise in prices was kept in check,... Full story
- NASCAR owner Roush promotes propane power for cars
- By CHRIS JENKINS
- If Jack Roush has anything to say about it, propane soon will be used for more than grilling hamburgers and hot dogs at the infield cookout.
In the wake of Sunday's Daytona 500 victory by Roush-Fenway NASCAR team driver Matt Kenseth, Roush was back at... Full story
- Oil above $35 amid grim economic news
- By JAKE NEUBACHER
- VIENNA (AP) - Markets shrugged off a steady barrage of grim U.S. economic news to push oil prices above $35 a barrel Thursday, with a drop in the dollar encouraging investors to buy crude.
A report by the Fed predicting a sharper economic contraction... Full story
- Oil prices steady after US rescue plan unveiled
- By JAKE NEUBACHER
- VIENNA (AP) - Oil prices remained steady around $40 a barrel Tuesday as the Obama administration announced a program that could raise more than $1 trillion in public and private funds to revive the economy.
Energy prices have slumped with millions losing... Full story
- Democrats say list means end of Craddick tenure
- By Jim Vertuno, Associated Press Writer
- AUSTIN (AP) - House Democrats say they've lined up enough opposition to oust Republican House Speaker Tom Craddick, releasing a long list of lawmakers who say they won't vote for him "under any circumstances."
The list released Monday - and disputed... Full story
- Houston-based company plans regional office in Arkansas
- By CHUCK BARTELS
- CONWAY, Ark. (AP) - Propelled by its finds in the Fayetteville Shale natural gas reservoir, Southwestern Energy Co. announced Thursday it will build a $25 million regional headquarters in Conway and add to the 600 workers it already has in the state.
The... Full story
- China cut prices for gasoline, diesel and jet fuel
- AP Wire
- Photo's of China's Gas Prices
Photo I: A worker changes gas price on a board at a gas station in Wuhan, central China's Hubei province, Friday, Dec. 19, 2008. China cut prices for gasoline, diesel and jet fuel Thursday, giving a break to Chinese... Full story
- Oil rises on strengthening dollar, auto bailout
- By DIRK LAMMERS
- Oil prices stabilized Friday as the White House's $17.4 billion auto industry rescue package gave Wall Street a boost and the dollar strengthened against the euro.
Light, sweet crude for February delivery rose 92 cents to $42.59 a barrel on the New York... Full story
- Advocates of blind fault TV skit about NY Governor
- The Associated Press
- ALBANY, N.Y. (AP) - A "Saturday Night Live" skit portraying New York's blind governor as a bumbling leader didn't get a laugh from Gov. David Paterson.
Paterson's office said the skit ridiculed people with physical disabilities and implied that disabled... Full story
- France Oil Prices
- Christophe Ena
- A board at a gas station shows the price of fuel under euro 1 ($1,29) a liter, in Paris, Monday, Dec. 8, 2008. Oil prices bounced off four-year lows to trade above $43 a barrel Monday.... Full story
- Oil rebounds from 4-year lows to above $43
- By DIRK LAMMERS
- SIOUX FALLS, S.D. - Oil prices rebounded from four-year lows and shot above $43 a barrel Monday as OPEC floated the possibility of a "severe" production cut and several countries announced new measures to boost their economies.
Chakib Khelil, president... Full story
- Return to $1 gas? Energy prices evaporate
- By MARK WILLIAMS
- COLUMBUS, Ohio Oil prices hit four-year lows Friday as employers cut the highest number of jobs in 34 years. The continuing decline in prices is so dramatic and so sudden that it is raising the prospect that gas prices could soon fall below $1 a... Full story
- Dakota Snyder
- David Duprey
- Cattaraugus Indian Reservation, NY
Dakota Snyder lowers the price of unleaded gasoline at the Catt-Rez Enterprises gas station on the Cattaraugus Indian Reservation, in N.Y., Tuesday, Nov. 11, 2008. With the state a signature away from collecting tax... Full story
- Oil tumbles below $50 as recession called
- By MARK WILLIAMS
- COLUMBUS, Ohio Oil prices tumbled below $50 a barrel Monday as National Bureau of Economic Research reported that the U.S. economy has been in a recession since December 2007.
Crude had already fallen 8 percent on reports showing that manufacturing... Full story
- Thanksgiving Travel
- Mia Berke
- A large turkey played by actor John Mortone, left, greets 7-month-old Mia Berke as she arrives for her flight at Dallas-Fort Worth International Airport, Wednesday, Nov. 27, 2008 in Grapeviine, Texas. Despite plummeting gas prices and unusual last-minute... Full story
- Economy keeps more Americans home for Thanksgiving
- By DON BABWIN
- CHICAGO (AP) Scott Fuchs will spend Thanksgiving with his family in Florida like he's done for 20 years or so. But like thousands of other Americans, his brother is staying home - travel isn't possible after he was laid off from his job in Maryland.
"Lack... Full story