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Daily news and top headlines for manufacturing professionals

Drop In Energy Brings Down Consumer Prices

September 16, 2008 5:55 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Labor Department said consumer prices edged down 0.1 percent, a significant improvement from a 1.1 percent price spike in June and 0.8 percent rise in July.

Oil Falls Below $97 A Barrel

September 15, 2008 5:13 am | by Louise Watt, Associated Press Writer | News | Comments

Prices for crude oil fell to $96.79 a barrel on Monday after Hurricane Ike inflicted minimal damage to oil installations on the Texas coast.

Oil Agency Sex Scandal May Affect Drilling Debate

September 11, 2008 5:20 am | by H. Josef Hebert, Associated Press Writer | News | Comments

Allegations of substance abuse and promiscuity by workers at government agency that issues offshore drilling leases hit lawmakers just as they prepared to vote on expanding offshore drilling.

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OPEC Curbs Oil Output

September 10, 2008 5:57 am | by George Jahn, Associated Press Writer | News | Comments

Petroleum exporting group will trim overall output by adhering closer to production quotas -- a compromise meant to avoid a backlash and stop the rapid decline in oil prices.

IEA Lowers Global Oil Demand Forecast

September 10, 2008 5:25 am | News | Comments

Oil demand will be lower than expected as weak economic conditions in advanced economies offset growing demand in the developing world, the International Energy Agency said.

Jobs Data Brings Down Oil Prices

September 5, 2008 11:55 am | by Madlen Read, AP Business Writer | News | Comments

Oil prices sank below $106 a barrel as a jump in the unemployment rate signaled to traders that Americans might keep paring back their energy use to save money.

Wind, Solar Energy Companies In Jeopardy

September 2, 2008 6:40 am | by Jim Abrams, Associated Press Writer | News | Comments

Unless Congress renews $500 million in tax credits set to expire Dec. 31, renewable energy companies say they will reverse planned expansions and cut payrolls and capital investment.

New Jersey Company To Develop Wind Energy Storage

August 26, 2008 11:09 am | by Ernest Scheyder, AP Business Writer | News | Comments

PSEG Energy Holdings has joined with Michael Nakhamkin, one of the top thinkers in energy storage, to develop new ways to trap wind-generated power in underground reservoirs.

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Crayola May Go Green At Pennsylvania Plant

August 14, 2008 5:20 am | News | Comments

Crayon maker is studying the possibility of installing solar panels on a 16-acre site near its plant at Easton, 50 miles north of Philadelphia.

Researchers Try To Turn Car Exhaust Into Power

August 11, 2008 5:41 am | by Margaret Harding, Associated Press Writer | News | Comments

Competing to meet a challenge from the U.S. Dept. of Energy, researchers are trying to improve fuel economy 10 percent by converting wasted exhaust heat into energy.

Oil Prices Drop Below $120

August 4, 2008 9:20 am | by Stevenson Jacobs, Associated Press Writer | News | Comments

Light, sweet crude for September delivery fell more than $5 at one point to $119.50 a barrel on the New York Mercantile Exchange, its lowest level since May 6.

Anheuser To Brew More Using Renewable Fuel

July 30, 2008 12:15 pm | News | Comments

Maker of Budweiser and Michelob beers said its breweries in Houston and Fairfield, Calif. are installing technology using alternative energy that will be running by the year's end.

Toyota Making Paint Process Greener

July 18, 2008 5:18 am | by Yuri Kageyama, AP Business Writer | News | Comments

Automaker's latest drive to make its lean production even leaner is a slimmed down version of its multistep paint job, reducing energy needs by 15 percent compared to old-style painting.

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Oil On Track To Drop $10 In 2 Days

July 16, 2008 11:35 am | by Adam Schreck, AP Business Writer | News | Comments

Two-day slide marks a dramatic turnaround in crude prices, which as recently as Friday traded at record highs above $147 a barrel.

Indonesia To Force Manufacturers To Use Biofuel

July 10, 2008 5:59 am | News | Comments

World's largest producer of palm oil plans to force manufacturers to use biofuels for some of their energy needs to reduce dependence on imported oil amid soaring global prices.

Fuel Prices Push Sales Of Gas-Saving Products

July 8, 2008 12:00 pm | by John Wilen, AP Business Writer | News | Comments

With fuel prices soaring, sales of products designed to boost gas mileage are also rising -- even though the government says they're not worth the money.

Pickens Wants More Focus On Alternative Energy

July 8, 2008 10:55 am | News | Comments

Texas oilman T. Boone Pickens opened an advertising campaign Tuesday in an attempt to bring more emphasis to solving the nation's energy crisis.

GM Plant In Spain To Get World’s Largest Solar Rooftop

July 8, 2008 5:15 am | News | Comments

Solar energy product maker Energy Conversion Devices will supply solar cell laminates to General Motors for the world's largest rooftop power generation system.

Paulson Warns No Quick Fix For Oil Prices

July 3, 2008 5:35 am | by David Stringer, Associated Press Writer | News | Comments

Treasury Secretary said the U.S. urgently needs to end its addiction to oil, reduce dependence on foreign energy imports and promote investment in renewable alternatives.

Oil Prices Near $146 A Barrel

July 3, 2008 5:30 am | by Pablo Gorondi, Associated Press Writer | News | Comments

Expectations that the European Central Bank will raise interest rates later Thursday could further weaken the U.S. dollar and drive oil prices even higher.

Oil Prices Rise Near $144

July 2, 2008 11:25 am | by Adam Schreck, AP Business Writer | News | Comments

Crude oil prices headed for a record close as news of a bigger-than-expected drop in U.S. crude stockpiles and the threat of conflict with Iran weighed on traders' minds.

UN: Investors Joining ‘Green Energy Gold Rush’

July 1, 2008 12:05 pm | by John Heilprin, Associated Press Writer | News | Comments

Global investors plowed $148 billion into new wind, solar and other alternative energy assets last year, in what the United Nations describes as a 'green energy gold rush' gaining speed the last several years.

Automakers: Fuel Economy Rules Too Aggressive

July 1, 2008 8:10 am | by Dee-Ann Durbin, AP Auto Writer | News | Comments

Alliance of Automobile Manufacturers said NHTSA’s goal of increasing fuel economy by 4.5 percent per year between 2011 and 2015 is not 'economically practicable.'

Senator: Government Should Aid Solar Power

June 30, 2008 12:43 pm | by Laura E. Davis, Associated Press Writer | News | Comments

Sen. Harry Reid used the opening of the first solar power manufacturing plant in North America to call for government incentives to help the alternative energy industry.

Sunoco Products Adding Surcharge Beginning July 14

June 27, 2008 6:45 am | News | Comments

Packaging provider will add a $40 per ton average energy surcharge for uncoated recycled paperboard products in the U.S. and Canada because of higher energy costs.

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