Oil extended losses to trade near an almost six-year low as OPEC’s warning that prices may surge without new investment in production failed to shift the market’s focus from more immediate signs of a global supply glut. Futures fell as much as 0.6 percent in New York. A spike to $200 a barrel is possible […] Continue reading →
Tenn. - Pipes, tanks and other equipment rust in the humid Southern air. Leaky roofs leave puddles on factory floors. Abandoned buildings are scattered across an 800-acre site contaminated with hundreds of tons of mercury. If this were a factory making cars in Detroit or steel in Pennsylvania, it would have long ago been shuttered. […] Continue reading →
America’s emergency stockpile of oil stands twice as large as the amount required by an international pact. George Soros has proposed selling some now to punish Russian President Vladimir Putin — and U.S. lawmakers are starting to listen. As the U.S. and its European allies seek to rebuke Russia for taking over the Crimea region […] Continue reading → New Mexico on Friday withdrew a temporary permit allowing two new disposal vaults at a U.S. government nuclear waste dump grappling with a release of radiation in February, state regulators said. Seventeen workers at the Carlsbad-area “waste isolation pilot project” (WIPP) were exposed to radiation after an accidental leak last month from the site which […] Continue reading → Four Central European nations are urging the United States to boost natural gas exports to Europe as a hedge against the possibility that Russia could cut off its supply of gas to Ukraine. Ambassadors from Hungary, Poland, Slovakia and the Czech Republic made their appeal Friday in a letter to House Speaker John Boehner, R-Ohio. […] Continue reading → The Energy Department is poised to approve $6.5 billion in federal loan guarantees for the first nuclear power plants built from scratch in this country in more than three decades. Energy Secretary Ernest Moniz was expected to announce final approval of the deal at a speech on Wednesday, a day before he visits the $14 […] Continue reading → Officials monitoring the presence of airborne radiation at the underground site in southeastern New Mexico where the federal government seals away its low-grade nuclear waste said late Saturday that surface tests have shown no danger to people or the environment. Samples were taken at several sites around the Waste Isolation Pilot Plant after an air […] Continue reading → A Canadian company has applied to build the largest pipeline yet from western North Dakota’s booming oil patch. Enbridge Energy said Tuesday that it’s seeking shipping commitments from oil producers, a major step in getting the $2.6 billion pipeline built. The proposed oil pipeline would run 612 miles into Minnesota and Wisconsin. Enbridge spokeswoman Katie […] Continue reading →