• Del City station is cleared to sell gas again

    By Jay F. Marks, Business Writer | Updated: Thu, Oct 23, 2014

    Oklahoma regulators have allowed a Del City convenience store to sell gasoline once again after repeated complaints of defrauding consumers.

  • EU reaches deal to cut greenhouse gas emissions

    Updated: Thu, Oct 23, 2014

    BRUSSELS (AP) — European Union leaders agreed early Friday to cut greenhouse gas emissions in the 28-nation bloc to at least 40 percent below 1990 levels by 2030. The deal was aimed at countering climate change and setting an example for the rest of the world ahead of key international climate negotiations next year. A package agreed by leaders at an EU summit in the early hours of Friday after lengthy negotiations also requires climate-friendly, renewable energy to provide at least 27 percent of the bloc's needs and demands that energy efficiency increase by at least 27 percent in the next 16 years. "It was not easy, not at all, but we managed to reach a fair decision," said European Council President Herman Van Romp

  • Gasoline prices in Arizona at $3.04 per gallon

    Updated: Thu, Oct 23, 2014

    PHOENIX (AP) — Gasoline prices around Arizona have fallen to their lowest level since January 2013. Officials with Triple-A Arizona said Thursday that the average statewide price for unleaded regular gasoline is $3.04 a gallon. That's almost 10 cents lower than last week. This week's national average is $3.07 per gallon, down by more than 8 cents from last week. Triple-A analysts say prices should remain low, barring unforeseen circumstances. The East Valley area (Mesa, Tempe, Gilbert, Chandler, Ahwatukee, Apache Junction and Queen Creek) has Arizona's lowest average gasoline price at $2.93 a gallon and Flagstaff has the highest at $3.36. Missouri has the lowest average gas prices among states in the conti

  • 1 killed, 11 injured in German gas pipe explosion

    Updated: Thu, Oct 23, 2014

    BERLIN (AP) — Authorities say one person was killed and 11 were injured in an explosion after a gas pipe was damaged during construction work in a western German city. Police in Ludwigshafen said the explosion outside a house in the city happened midday Thursday. Gas transport company Gascade said it wasn't clear why the gas pipe, part of a 57-kilometer (35-mile) pipeline that leads southward to the city of Karlsruhe, was damaged during work that it commissioned. Gas then leaked and caught fire. Police said the main fire at the site was extinguished by late afternoon and smaller fires were under control.

  • Boone Pickens tells oil companies to stop drilling

    Published: Thu, Oct 23, 2014

    Billionaire oilman T. Boone Pickens has seen plummeting oil prices before and says he knows what the problem is. Energy companies are pumping too much oil and none of them wants to be the first to stop, Mr. Pickens said Wednesday in an interview with The Wall Street Journal.

  • US: IS earns $1M per day in black market oil sales

    Updated: Thu, Oct 23, 2014

    WASHINGTON (AP) — Islamic State militants are raking in money at a remarkable rate, earning about $1 million a day from black market oil sales alone, a Treasury Department official said Thursday. David Cohen, who leads the department's effort to undermine the Islamic State's finances, said the extremists also get several million dollars a month from wealthy donors, extortion rackets and other criminal activities, such as robbing banks. In addition, he said the group has taken in at least $20 million in ransom payments this year from kidnappings.

  • Average retail gas prices drop to $2.89 in Texas

    Updated: Thu, Oct 23, 2014

    IRVING, Texas (AP) — Retail gasoline prices across Texas continue to fall below the mark of $3 per gallon. AAA Texas on Thursday reported the average unleaded price at the pump this week is $2.89, a drop of 10 cents from a week ago. The national average now is $3.08. AAA says of the metropolitan areas in Texas, drivers in Dallas-Fort Worth are paying the least at $2.80 while motorists in Corpus Christi pay the most at $2.92. The drop in gas prices has sent the national average to a low not seen since early 2011 and increased the chances the national price could fall below the $3 mark for the first time since 2010. AAA officials say low demand combined with abundant supply has kept downward pressure on global oil

  • Saudi Arabia’s Crude Oil Supply Said to Fall in September

    Published: Thu, Oct 23, 2014

    The amount of oil Saudi Arabia supplied to markets fell last month, according to a person familiar with the country’s oil policy. Its production climbed. The world’s biggest crude exporter supplied 9.36 million barrels a day last month, a reduction of 328,000 barrels daily from August, according to the person, who asked not to be identified, citing policy. The supply figure excludes what’s stored. Saudi Arabia produced about 100,000 barrels a day more than in August, the person said.

  • Wolverine Power plans new $100 million plant

    Updated: Thu, Oct 23, 2014

    ELMIRA TOWNSHIP, Mich. (AP) — Wolverine Power Cooperative plans to build a natural gas-fueled power plant in Michigan's northern Lower Peninsula. Cadillac-based Wolverine said Wednesday that it would build the electricity plant in Otsego County's Elmira Township, west of Gaylord, and that it would cost more than $100 million. Wolverine says the Alpine Power Plant, if approved, will be built with existing funds and will have little, if any, effect on rates. "Our Alpine Power Plant will provide a nice balance to Wolverine's existing power supply portfolio, while at the same time increasing electrical reliability in Northern Michigan and complementing the ever increasing amount of renewable energy in Michigan," Wolverine spoke

  • NY reports 7 deals for clean energy projects

    Updated: Thu, Oct 23, 2014

    ALBANY, N.Y. (AP) — New York officials say they have reached agreements in principle to finance seven clean energy projects with a dozen banks and investment firms and the state's new NY Green Bank. They hope to close deals this year that would lead to more than $800 million invested in solar energy, cogeneration and energy-efficiency. The goal is a 575,000-ton annual reduction in carbon dioxide by generating and using energy in ways that reduce pollution and burning fossil fuels. Parties include Ameresco, Bank of America Merrill Lynch, BQ Energy, Citi, Deutsche Bank, First Eastern Investment Group, First Niagara Bank, GreenCity Power, M&T Bank, Renewable Funding, Sustainable Development Capital and Tulum Management.

  • India picks up pace on economic overhaul

    Updated: Thu, Oct 23, 2014

    NEW DELHI (AP) — After months of criticism for not moving aggressively enough on promises of an economic overhaul, India's new prime minister has announced a string of policies designed to kick-start Asia's third-largest economy. Over the past week, Prime Minister Narendra Modi has unveiled an overhaul of India's archaic labor laws, freed diesel prices from state control and signed an executive order promising to open India's coal industry to private companies. He also appointed Arvind Subramanian, a respected Washington, DC-based economist, as the country's top economic adviser.

  • Asia stocks down on mixed China data, weak Wall St

    Updated: Thu, Oct 23, 2014

    TOKYO (AP) — Asian stocks fell Thursday after another slump in oil prices dragged Wall Street lower and China's manufacturing output grew at the slowest pace in five months. KEEPING SCORE: Japan's Nikkei 225 was down 0.6 percent at 15,108.83 in afternoon trading, while Hong Kong's Hang Seng fell 0.4 percent 23,290.44. Seoul's Kospi shed 0.4 percent to 1,929.70 and Australia's S&P/ASX 200 dropped less than 0.1 percent to 5,383.20. China's Shanghai Composite was down 1.2 percent at 2,298.20. CHINA ECONOMY: A preliminary reading of China's massive manufacturing industry for October provided mixed messages. HSBC's factory purchasing managers index rose to 50.4 in October from 50.

  • Oil and gas, livestock prices for Oct. 23

    Published: Thu, Oct 23, 2014

    OIL AND GAS PRICES Oklahoma crude oil prices as of 5 p.m. Wednesday: Oklahoma Sweet: Sunoco Inc. — $77 Oklahoma Sour: Sunoco Inc. — $65 Oklahoma oil and gas drilling activity posted Oct. 6: COMPLETION Custer: Sanguine Gas Exploration, LLC; The Inn No. 1-23H Well; NE1/4 NE1/4 NW1/4 NE1/4 (BHL) of 23-15N-18W; 42 barrels oil per day; TD 13,970. Grady: EOG Resources Inc.; Dekinder No. 4-1H Well; SW1/4 SE1/4 SE1/4 SE1/4 (SL) of 04-05N-08W; 432 barrels oil per day, 712,000 cu-ft gas per day; TD 16,202. Kingfisher: Blake Production Co., Inc.; Hennessey Unit No. 1-2H OS Well; SW1/4 NW1/4 SW1/4 NE1/4 (SL) of 02-18N-07W; 34 barrels oil per day; TD 12,045. Love: XTO Energy Inc.;

  • NY governor hopefuls debate economy, leadership

    Updated: Wed, Oct 22, 2014

    BUFFALO, N.Y. (AP) — Democratic Gov. Andrew Cuomo and his Republican challenger traded insults and clashed over the economy and corruption Wednesday while two third-party candidates worked to get traction in the only scheduled debate in the governor's race. Cuomo noted that Rob Astorino, the Westchester County executive, has been questioned over a housing desegregation settlement in his home county and said his views are too conservative to lead New York state. He said his administration has energized the economy, cut taxes and reduced government gridlock. "Our taxes are at historic lows; our jobs are at historic highs," Cuomo said. "And we respect people's rights. We have Democrats and Republicans working together in Alban

  • Oklahoma business briefs for Oct. 23, 2014

    Published: Wed, Oct 22, 2014

    Oklahoma business briefs for Oct. 23, 2014

  • Manchin, Whitehouse form unlikely energy alliance

    Updated: Wed, Oct 22, 2014

    MORGANTOWN, W.Va. (AP) — U.S. Sen. Joe Manchin, who once expressed his disdain for a cap-and-trade bill by literally shooting it, furthered an unlikely energy alliance with Sen. Sheldon Whitehouse by hopping on a Blackhawk chopper in coal-centric West Virginia on Wednesday. Whitehouse, a Rhode Island Democrat who has urged action on climate change in dozens of Senate floor speeches, flew out to tour coal and energy resources in Manchin's home state Wednesday. It's the same kind of energy production targeted by President Barack Obama's environmental agency, which is pushing to cut carbon emissions from coal-fired power plants and stem climate change. Manchin, likely the Senate's most conservative Democrat, is pushing back ag

  • Love's to add to growing CNG network along Interstate 40

    By Jay F. Marks, Business Writer | Updated: Wed, Oct 22, 2014

    Love’s Travel Stops will add fast-fill compressed natural gas fueling at a location in eastern Arkansas as part of a planned network along Interstate 40 that will span more than 1,350 miles.

  • US tribes testify against Canada pipeline

    Updated: Wed, Oct 22, 2014

    SEATTLE (AP) — U.S. tribes told Canadian regulators on Wednesday they're opposed to a proposed pipeline expansion project in Canada that could dramatically increase the number of oil tankers plying West Coast waters. Kinder Morgan Canada has proposed a $5.4 billion expansion of its existing Trans Mountain pipeline, which links oil from Alberta's tar sands to the Vancouver, British Columbia-area. The project could increase by seven-fold the number of oil tankers that transit Washington state waters. Tribal leaders from Washington state traveled to Chilliwack, B.C., to testify before Canada's National Energy Board.

  • Florida regulators approve new electric rates

    Updated: Wed, Oct 22, 2014

    TALLAHASSEE, Fla. (AP) — Florida regulators are signing off on new rates for three of the state's biggest power companies that will result in some customers paying less. The Public Service Commission on Wednesday approved cost recovery charges for Florida Power & Light, Gulf Power Company, and Tampa Electric Company. The new rates will take effect in January 2015. These charges include the amount of money that utilities are expected to pay for fuel in the coming year. The PSC estimates that the average FPL customer will see a decrease of nearly $2 on their monthly bills, while average TECO customers should see a drop of about $1.14. Average Gulf customers will see their bills rise by $7.29. State regulators will

  • North Dakota regulators approve coal mine permit

    Updated: Wed, Oct 22, 2014

    BISMARCK, N.D. (AP) — The North Dakota Public Service Commission has approved a permit for a new coal mine in the west-central part of the state. Regulators on Wednesday approved the permit for Coyote Creek Mining Co., a subsidiary of Dallas, Texas-based North American Coal Corp. Regulators say the company's proposed Coyote Creek Mine near Beulah is the first major mine to be permitted in North Dakota since the late 1970s. The company still needs federal permits before the mine is built. Coyote Creek Mining wants to begin delivering coal to the Coyote Power Station in May 2016. Regulators say the power plant would use about 2.5 million tons of coal from the mine each year.