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A collection of news and information related to Petroleum Industry published by Tribune Company sources.
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Factory orders plunge 5.1% in October
Associated PressOrders to U.S. factories plunged in October by the sharpest amount in more than eight years as a deepening recession caused big cutbacks in demand for steel, autos, computers and heavy machinery. Analysts expect that the weakness will continue for some...Tags: Energy
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Oil at 4-year lows below $44 per barrel as more bad US economic news darkens crude outlook
Associated Press WriterSINGAPORE (AP) — Oil prices were steady near four-year lows below $44 a barrel Friday in Asia as more bad U.S. economic news soured the outlook for global growth and demand for crude. Light, sweet crude for January delivery was down 3 cents at $43....Tags: Commodity Markets, New York Mercantile Exchange, AT&T Corp., Dupont E I Nemours & Company, Layoffs and Downsizing
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Conservationists protest 'fire sale' of drilling leases for oil and gas in Utah by government
Associated Press WriterSALT LAKE CITY (AP) — Conservation groups filed formal protests Thursday against what they call a "fire sale" of oil-and-gas drilling leases in Utah being conducted by the U.S. Bureau of Land Management. The Sierra Club, The Wilderness Society...Tags: Wildlife, Energy Resources, Natural Resources, Heads of State, Gardens and Parks
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Solar car completes 1st ever round-the-world trip, brings green message to climate talks
Associated Press WriterPOZNAN, Poland (AP) — If a solar-powered car can drive 32,000 miles (52,000 kilometers) around the globe without using a drop of oil, perhaps it can be forgiven for not having a coffee cup holder. Or maybe that makes Swiss adventurer Louis Palmer's...Tags: Daimler AG, Global Warming, Automotive Equipment, Michael Bloomberg, Treaties
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Bush rule change could make it tougher for Congress to block drilling, mining on public lands
Associated Press WriterWASHINGTON (AP) — The Bush administration is trying to make it tougher for Congress to block mining and oil and gas drilling on public lands. The Bureau of Land Management, which manages 258 million acres of federal property, stripped from its...Tags: Energy Resources, Natural Resource Industry, Natural Resources, Parliament, Government
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Solar car completes 1st ever round-the-world trip
Associated Press WriterIf a solar-powered car can drive 32,000 miles (52,000 kilometers) around the globe without using a drop of oil, perhaps it can be forgiven for not having a coffee cup holder. Or maybe that makes Swiss adventurer Louis Palmer's journey even more...Tags: Daimler AG, Global Warming, Automotive Equipment, Michael Bloomberg, Treaties
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The pirate's life on captive freighter: Card games, shared meals, tales of home with captives
Associated Press WriterMOMBASA, Kenya (AP) — For more than two months, Somali pirates and their hostages aboard a Greek cargo ship played cards, caught fish under the blazing sun, and swapped tales of home. By the time all 25 hostages were released unharmed last week, the...Tags: Firearms, Games, Baby Products, Games, and Toys, Family, Game Playing
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Oil tumbles below $44 a barrel, gas hits new low
AP Energy WriterOil tumbled below $44 a barrel Thursday and average gasoline prices slipped under $1.80 a gallon, both four year lows, as unemployment benefit claims hit a 26-year high and major companies announced more job cuts. The unprecedented decline in energy...Tags: Money and Monetary Policy, AAA, Energy Resources, Natural Resources, Dupont E I Nemours & Company
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Gold, other commodities fall; more signs of economic weakness spur fear of falling demand
AP Business WriterNEW YORK (AP) — Gold and other commodities prices fell Thursday investors extended their flight from the futures markets amid more signs of economic weakness. The dominating driver of the commodities markets in recent months has been the fear of...Tags: Money and Monetary Policy, Market and Exchange, Energy, Commodity Markets, New York Mercantile Exchange
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ECB trims interest rate to 2.5 pct after Bank of England, Swedish Riksbank cut to 2 pct
AP Business WritersBRUSSELS, Belgium (AP) — Europe's central banks slashed borrowing costs aggressively Thursday to try and ward off a long recession triggered by the financial crisis. Their rate cuts tried to counter a slowdown that looks longer and deeper than...Tags: Market and Exchange, Money and Monetary Policy, ING Group, Mortgages, Central Bank
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Conservation group sues for agency's failure to act on petition to protect Pacific walrus
Associated Press WriterANCHORAGE, Alaska (AP) — A conservation group is going to court to force the federal government to consider adding the Pacific walrus to the list of threatened species. The Center for Biological Diversity sued the U.S. Fish and Wildlife Service and...Tags: Wildlife, Energy Resources, Global Warming, Natural Resources, Conservation
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We think: Timing is right for U.S. to restore influence in Latin America
Cast in the movies, Hugo Ch�vez and the Castro Brothers could be comedic foils to President George W. Bush. There's been much bickering and back-stabbing through the years, including the notorious "donkey" label that Mr. Ch�vez pinned on Mr....Tags: Family Vacations, Foreign Aid, Heads of State, Government, Economic Sanctions
Dec 4, 2008
|Story| Los Angeles Times
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|Story| Associated Press
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|Story| Orlando Sentinel
Dec 4, 2008
|Story| Associated Press
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|Story| Associated Press
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|Story| Associated Press
Dec 4, 2008
|Story| Orlando Sentinel
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