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Chemical Manufacturing Looked Up In 2014

December 22, 2014 3:45 pm | by Meagan Parrish, Editor, Chem.Info | Articles | Comments

If 2014 could be summed up in one word for American chemical manufacturers, it would be—momentum. According to American Chemistry Council’s “Year-End 2014 Chemical Industry Situation and Outlook,” chemistry output expanded in the last year, despite weakness in key markets and...

The Two Sides Of NY's Ban On Fracking

December 22, 2014 10:23 am | by Jon Minnick, Associate Editor, Manufacturing Business Technology | Blogs | Comments

Although hydraulic fracturing, better known as fracking, in New York State has been on...

Year After WV River Spills, Execs Face Charges

December 19, 2014 3:57 pm | by Jonathan Mattise, The Associated Press | News | Comments

When state inspectors arrived at Freedom Industries asking about a licorice smell enveloping...

More Job Losses For The Oil Industry

December 19, 2014 2:20 pm | by CBS News | Videos | Comments

Lower oil prices are buoying Louisiana's fishermen, but putting the squeeze on others. Manuel...

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Global Oil Impact: Who's Hurting, Happy, Hopeful

December 19, 2014 2:05 pm | by Jonathan Fahey, AP Energy Writer | News | Comments

Oil's plunge is spreading both pain and gain across the globe. The price of a barrel has fallen by about half since June, punishing the economies of some major exporters. Russia's currency has nose-dived, for instance, and investors worry Venezuela could default on its...

NY Will Move To Prohibit Fracking

December 17, 2014 4:02 pm | by Mary Esch, The Associated Press | News | Comments

Gov. Andrew Cuomo's administration will move to prevent fracking in the state, citing unresolved health issues and dubious economic benefits of the widely used gas-drilling technique. Environmental Commissioner Joe Martens said Wednesday that he was recommending a ban, and Cuomo said he would...

Grand Jury Indicts 4 In WV Chemical Spill Case

December 17, 2014 12:26 pm | by John Raby, The Associated Press | News | Comments

A grand jury has indicted four former executives of a chemical company on pollution charges in a spill that prompted a drinking water ban for 300,000 West Virginia residents. An indictment unsealed Wednesday charges ex-Freedom Industries presidents Gary Southern and Dennis P. Farrell and two...

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OPEC Net Oil Export Revenues Expected To Fall

December 17, 2014 9:26 am | by U.S. Energy Information Administration‎ | News | Comments

Based on crude oil market assessments in the Short-Term Energy Outlook, EIA estimates that members of the Organization of the Petroleum Exporting Countries (OPEC), excluding Iran, will earn about $700 billion in revenue from net oil exports in 2014, a 14% decrease from 2013 earnings and the lowest earnings...

Feds To Boost Mine Blasting Emissions Rules

December 16, 2014 2:29 pm | by Mead Gruver, The Associated Press | News | Comments

The federal agency in charge of environmental protection at surface mines including Wyoming's huge open-pit coal mines has agreed to work toward regulating the toxic chemicals that sometimes get ejected into the air during blasting. Occasionally not all explosive used in a mine blasting operation ignites. When that...

Study Finds Toxic Chemicals In Seasonal Holiday Products

December 16, 2014 2:08 pm | by The Associated Press | News | Comments

A new research study finds that top retailers of holiday decor continue to sell some seasonal decorations and other products that contain hazardous chemicals. Researchers found that 2/3 of these products have one or more hazardous chemicals that have been linked to serious health threats. The study is an update to previous...

Why Oil Is Down By Half, What It Means For You

December 15, 2014 1:24 pm | by Jonathan Fahey, AP Energy Writer | News | Comments

The price of oil has fallen by nearly half in just six months, a surprising and steep plunge that has consumers cheering, producers howling and economists wringing their hands over whether this is a good or bad thing. The price of a barrel of oil is just under $58, down from a summer high of $107, and lower than at...

Six Key Predictions For Manufacturing In 2015

December 15, 2014 10:02 am | by John Zegers, Director, Georgia Center of Innovation for Manufacturing | Articles | Comments

The face of manufacturing in America has undergone more woeful changes than many of us in the industry care to remember. The recent past has been particularly painful, with economic downturns driving manufacturing overseas to take advantage of lower labor costs, and a generally depressed level of manufacturing...

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U.S. Rig Count Down To 1,893

December 12, 2014 2:50 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 27 this week to 1,893. The Houston firm said Friday in its weekly report 1,546 rigs were exploring for oil and 346 for gas. One was listed as miscellaneous. A year ago there were 1,782 active...

Cheaper Gas, Food Lower U.S. Producer Prices

December 12, 2014 10:17 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Falling gas and food costs pushed down overall U.S. wholesale prices last month, evidence that cheaper oil worldwide is limiting inflation. The Labor Department said Friday that the producer price index fell 0.2 percent in November, after rising by the same amount in October. In the past 12 months, producer...

Oil Takes Another Dive On OPEC Report, U.S. Supplies

December 10, 2014 2:33 pm | by The Associated Press | News | Comments

The price of oil took another dive Wednesday to new five-year lows after OPEC projected the world will need less of its oil next year. A U.S. government report showing an increase in oil supplies also pressured prices. Benchmark U.S. crude was down $3.01, or 5 percent, in midday...

Exxon Sees Abundant Oil, Gas Far Into Future

December 9, 2014 2:18 pm | by Jonathan Fahey, AP Energy Writer | News | Comments

North America, once a sponge that sucked in a significant portion of the world's oil, will instead be supplying the world with oil and other liquid hydrocarbons by the end of this decade, according to ExxonMobil's annual long-term energy forecast. And the "almost unspeakable" amount of...

Company President In Chemical Spill Facing Charges

December 9, 2014 2:08 pm | by Jonathan Mattise, The Associated Press | News | Comments

The top executive charged in a chemical spill that left 300,000 people without drinking water lied about his role with the company to protect his personal wealth of nearly $8 million from lawsuits, according to an FBI affidavit. Freedom Industries President Gary Southern repeatedly told...

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Short-Term Energy Outlook

December 9, 2014 1:35 pm | by U.S. Energy Information Administration‎ | News | Comments

North Sea Brent crude oil spot prices fell by more than 15% in November, declining from $85/barrel (bbl) on November 3 to $72/bbl on November 28. Monthly average Brent crude oil prices have declined 29% from their 2014 high of $112/bbl in June to an average of $79/bbl in...

High Court Rejects BP Appeal Of Spill Settlement

December 8, 2014 10:17 am | by The Associated Press | News | Comments

The Supreme Court is leaving in place BP's multibillion-dollar settlement with lawyers for businesses and residents over the 2010 oil spill in the Gulf of Mexico. The justices did not comment Monday in rejecting the London-based oil giant's arguments that lower courts misinterpreted...

Fuel Exports Soar Under Obama Administration

December 8, 2014 9:53 am | by Dina Cappiello, The Associated Press | News | Comments

Solar panels glisten from every thatched hut on this crowded island, one of the largest in this remote chain off the Panamanian coast. But the tiny emblems of green energy offer no hope against climate change. They have helped the island's Guna people reduce what was...

Dow Chemical Sells 2 Businesses For $225M

December 5, 2014 1:59 pm | by The Associated Press | News | Comments

Dow Chemical said Friday that it is selling two businesses for a total of $225 million. Dow said Vertellus Specialty Materials will buy its sodium borohydride business and Valfilm North America will buy a polyolefin films plant in...  

Gas Prices Below $2 Per Gallon In TX, OK

December 5, 2014 1:30 pm | by Ken Miller, The Associated Press | News | Comments

Gas has dropped below $2 a gallon at a handful of stations in Oklahoma and Texas this week, a level that a price-watching group says is the lowest in the nation and a bargain that's proven irresistible to some long lines of drivers coming from miles to fill up...

Ex-BP Executive Fighting Gulf Oil Spill Charges

December 3, 2014 2:42 pm | by Kevin McGill, The Associated Press | News | Comments

Attorneys for a former BP executive facing an obstruction charge in the 2010 Gulf oil spill asked a federal judge Wednesday to dismiss the two criminal counts as his trial approaches in March. The defendant is David Rainey, who has pleaded not guilty to allegations that he...

Consumer Group Condemns Muscle-Bulking Cattle Chemicals In Food Production

December 1, 2014 2:37 pm | by Beef Additive Alert | News | Comments

"No amount of drug maker-sponsored study or 5-step PR spin campaign will convince us that beta agonists belong in beef production. We hope processors continue to resist accepting Zilmax-fed cattle for animal welfare, and to preserve USA beef quality, consistency, and...

Oil Plunge Is Either Threat Or Boon To Global Economies

December 1, 2014 10:10 am | by The Associated Press | News | Comments

A renewed plunge in oil prices is a worrying sign of weakness in the global economy that could shake governments dependent on oil revenues. Yet it is also a bonus for consumers as prices fall at the pump, giving individuals more spending money and lowering costs for many...

OPEC Decision Still Reverberating Worldwide

December 1, 2014 10:00 am | by Pan Pylas, AP Business Writer | News | Comments

Oil stocks weighed on markets around the world Friday as crude prices hovered around four year lows in the wake of OPEC's decision to keep production steady. KEEPING SCORE: In Europe, France's CAC 40 was down 0.3 percent at 4,370 while Germany's DAX fell the same rate to 9,943. The FTSE 100 index...

As OPEC Faces Tough Test, Lower Oil Prices Loom

November 25, 2014 1:12 pm | by Jonathan Fahey, AP Energy Writer | News | Comments

These are the moments OPEC exists for: A sharp drop in global oil prices has reduced the amount of money OPEC countries take in by nearly $1 billion a day. The 12-member group's purpose is to coordinate how much oil is produced in order to keep prices high and stable and maximize...

OK's Gas Price Falls For 27 Straight Days

November 25, 2014 12:59 pm | by The Associated Press | News | Comments

Gasoline prices are down in Oklahoma — and they keep falling. AAA Oklahoma said Tuesday that the retail price for regular gasoline in the state has fallen for 27 consecutive days. The average pump price for regular gasoline was about $2.61 on Tuesday, down 41 cents...

Judge Denies Bid To Halt IL Fracking Rules

November 24, 2014 10:15 am | by Jim Suhr, The Associated Press | News | Comments

A judge in southwestern Illinois has denied a bid by a landowners group to suspend the state's new rules for high-volume oil and gas drilling, ruling that the plaintiffs failed to show they would suffer immediate harm if the practice commonly known as "fracking" was to go...

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