Archives for July 2016
Cheap gasoline saved consumers $480 last year, study says
Cheaper gasoline prices saved low and middle-income households $480 last year, boosting their annual income by more than 1 percent, a new study says. Those savings should be particularly welcome to American workers, who have...
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Oil completions fell in second quarter, API says
HOUSTON – U.S. drillers brought fewer wells into production this spring as low crude prices crippled the shale industry, a new report says. Oil-well completions – industry shorthand for the processes that turn on a...
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Southern Co. buying Lamesa solar farm
The Southern Co. is acquiring the 102-megawatt Lamesa Solar farm from RES Americas, which is the U.S. subsidiary of the United Kingdom-based Renewable Energy Systems. The solar farm is being financed through a 15-year contract...
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Oil tumbles to below $46 after U.S. inventory report disappoints
Click through the gallery above to see how the oil glut affects the wider economy. U.S. oil prices tumbled below $46 a barrel after a government report showed the nation’s crude inventories didn’t decline as...
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Taking toll of oil’s continued slump
Over the past 15 month, oil and gas companies have written off $200 billion in assets, according to data analysis firm IHS Energy. While $200 billion may seem like a big number, consider the cumulative...
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