Energy
Business Highlights
___ Summer travel forecast: Better, but no blowout NEW YORK (AP) — This summer, high rollers are flying to lavish hot spots for their vacations. The rest of us are driving to less luxurious places like nearby campgrounds. The good news: At some U.S. campgrounds these days you get live ...
Southern Co. team weighing changes from renewables
The Southern Co. is brainstorming ways it could more widely incorporate renewable energy, particularly solar power, into its traditional business model, CEO Thomas Fanning said this week. The southeast utility has assembled a brainstorming team tasked with considering how renewable energy technology might be used in coming years if its ...
Oil ends week down 2 pct on tepid demand outlook
The price of oil fell 2 percent this week, as oil traders worried about global demand and shared the stock market's concerns about possible changes to the Federal Reserve economic stimulus program. The loss Friday was just 10 cents, to $94.15 a barrel. But four straight losses resulted in a ...
Clarification: Fossil Fuels-Divestment story
In a story May 22, The Associated Press reported 72 percent of Harvard University's student body voted in favor of the school's endowment divesting from fossil fuel companies. The story should have made clear that the vote was held only among undergraduates and that of the ballots cast, 72 percent ...
Oil falls below $94 on weak outlook for demand
The price of oil was knocked below $94 a barrel Friday by a combination of ample supplies and lukewarm demand. By early afternoon in Europe, benchmark oil for July delivery was down 70 cents to $93.55 a barrel in electronic trading on the New York Mercantile Exchange. On Thursday, the ...
Wyden: FracFocus a 'constructive' tool on drilling
A website partially funded by the oil and gas industry could be a "constructive" tool for federal regulators as they consider requiring public disclosure of chemicals used in hydraulic fracturing operations, Senate Energy Committee Chairman Ron Wyden said Thursday. Wyden, D-Ore., stopped short of endorsing the website, FracFocus.org, but said ...
San Onofre execs made 'Star Trek'-themed video
Managers at the San Onofre nuclear generating plant made a "Star Trek"-themed video stressing safety two years before the plant was shut down in the wake of a radiation leak, officials said. A two-minute video segment with managers in costumes resembling those in the original "Trek" series was filmed in ...
Oil tracks gains in stocks, erases early losses
An afternoon recovery in U.S. stock markets helped oil reverse early losses Thursday. Benchmark oil for July delivery fell 3 cents to close at $94.25 a barrel on the New York Mercantile Exchange. The price sank as low as $92.21 in the morning after weak manufacturing data from China raised ...
Oil down to near $93 on Chinese recovery concerns
The price of oil fell to near $93 a barrel on Thursday after a survey showed manufacturing activity in China falling to its lowest level in seven months, a sign that the recovery in the world's No. 2 economy is fading. By early afternoon in Europe, benchmark oil for July ...
Stricken Japan nuke plant struggles to keep staff
Keeping the meltdown-stricken Fukushima nuclear plant in northeastern Japan in stable condition requires a cast of thousands. Increasingly the plant's operator is struggling to find enough workers, a trend that many expect to worsen and hamper progress in the decades-long effort to safely decommission it. Tokyo Electric Power Co., the ...
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