User: flenvcenter Topic: Energy-National
Category: Fossil Fuels :: Oil and Gas
Last updated: Feb 01 2015 14:33 IST RSS 2.0
 
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US economy slows to 2.6 percent growth in fourth quarter 30.1.2015 Seattle Times: Business & Technology
The U.S. economy slowed in the final three months of 2014 as a big burst in consumer spending was offset by weakness in other areas.
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Markets brace for Big Oil profit plunge 30.1.2015 Seattle Times: Business & Technology
It's just a forecast, and for only one of 10 industry groups in the stock market. Yet it has almost singlehandedly turned what had been a promising earnings season into a grim one.
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Why Is the 'Climate President' Approving More Oil Drilling? 30.1.2015 Commondreams.org Views
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Premiers need to see climate change as the elephant in the room 30.1.2015 rabble.ca - News for the rest of us

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New Saudi king in major government shake-up 30.1.2015 Mideast Conflict
Saudi Arabia's new King Salman has tightened his hold on power, firing two sons of his predecessor and replacing the heads of intelligence and other key agencies in a sweeping shakeup. The appointments, which analysts said supported signs the kingdom will chart a steady course on foreign and oil policy, came a week after Salman, 79, took the throne following the death of King Abdullah. Top officials from the Ports Authority, the National Anti-Corruption Commission and the conservative Islamic kingdom's religious police were among those let go late Thursday. One of his more than 30 decrees ordered "two months' basic salary to all Saudi government civil and military employees," the Saudi Press Agency (SPA) ...
Bernie Sanders Shows How Reagan Helped Destroy The Middle Class 30.1.2015 Politics on HuffingtonPost.com
WASHINGTON -- President Ronald Reagan remains a venerated figure in American politics, even as folks on the left have been taking a more critical look at his economic legacy in recent years. So perhaps it's not a surprise that Vermont independent Sen. Bernie Sanders would not think well of the Gipper. But when Sanders took to the Senate floor Thursday evening to offer a broad vision for how to do something to help the declining middle class, he offered a stunning chart that showed just how poorly most Americans have fared during economic recoveries since the advent of Reaganomics. The chart starts by showing that in the decades after World War II, the bottom 90 percent of the country captured most of the growth in income during rebounds from tough times. But then came the Reagan era, and what George H. W. Bush once dubbed "voodoo economics." After Reagan implemented his policies, the top 10 percent grabbed nearly 80 percent of the growth in incomes coming out of the oil crises of the late '70s. "Whoa! ...
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Big oil, big impact: Markets brace for plunge in profits as oil majors report 4Q results 30.1.2015 Star Tribune: Nation
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Markets brace for Big Oil profit plunge 30.1.2015 Yahoo: Top Stories
NEW YORK (AP) — It's just a forecast, and for only one of 10 industry groups in the stock market. Yet it has almost singlehandedly turned what had been a promising earnings season into a grim ...
Markets brace for Big Oil profit plunge 30.1.2015 AP Business
NEW YORK (AP) -- It's just a forecast, and for only one of 10 industry groups in the stock market. Yet it has almost singlehandedly turned what had been a promising earnings season into a grim one....
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Eurozone prices plunge 0.6 pct amid weak growth, cheap oil 30.1.2015 World
FRANKFURT, Germany (AP) — Falling oil prices and a weak economy have sent prices in the eurozone even lower ahead of the start of a 1 trillion euro ($1.1 trillion) stimulus effort by the European Central ...
South African power cuts hold off doomsday as sector seeks rescue 30.1.2015 Yahoo: Top Stories
By Peroshni Govender JOHANNESBURG (Reuters) - Days of rolling blackouts this week have blighted South African society and business, and they face an increasing number of outages in years to come. Bordered by tiny, war-scarred or impoverished states such as Botswana, Mozambique and Zimbabwe, Africa's most advanced economy cannot rely on help to power its 42,000 MW electricity network and has nobody to turn to if the lights go out. State power firm Eskom has implemented rolling blackouts for almost a year as its old, deteriorating infrastructure buckles under the strain. They are a last-resort measure to avoid total failure of the power system.
U.S. oil giants feel pain of low prices 30.1.2015 Seattle Times: Top stories
or the first time since the 2008 financial crisis, ConocoPhillips, the nation’s third-leading oil and gas producer, said it had lost money. Also reporting red ink was Occidental Petroleum.
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U.S. oil giants feel pain of low prices 30.1.2015 Seattle Times: Nation & World
or the first time since the 2008 financial crisis, ConocoPhillips, the nation’s third-leading oil and gas producer, said it had lost money. Also reporting red ink was Occidental Petroleum.
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Falling Prices Spread Pain Far Across The Oil Patch 30.1.2015 Wall St. Journal: Page One
DALLAS—Rumor became reality here last week when dozens of workers lost their jobs at Laredo Petroleum Inc. The Oklahoma-based energy outfit said it closed its regional office to cope with plunging oil prices.
Russian Coffers, and Sway, Fall Along With Gas Prices 30.1.2015 Wall St. Journal: World
Brussels Beat: Further losses in Russia’s pricing power and market share in Europe appear inevitable, says Stephen Fidler.
US Senate approves controversial Keystone pipeline 30.1.2015 Yahoo: Politics
The US Senate on Thursday approved the immediate construction of the controversial Keystone XL oil pipeline from Canada to the United States, a Republican priority that faces a presidential veto threat. After weeks of fierce debate, the Republican bill passed with 62 votes to 36, with eight Democrats defying President Barack Obama to support a project that would transport crude from Alberta's oil sands to refineries along the US Gulf Coast. The measure, tweaked during a roller-coaster process in which more than 40 amendments to the bill received floor consideration, heads back to the House of Representatives. House Republican leaders were undecided Thursday on which path to take, but they applauded the Senate's ...
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Senate Approves Keystone XL Bill; White House Reaffirms Veto Threat 30.1.2015 Green on HuffingtonPost.com
WASHINGTON -- The Senate voted Thursday afternoon to approve a bill authorizing construction of the Keystone XL pipeline over the presidential approval process, capping off weeks of debate over amendments. Following the vote, Sen. Lisa Murkowski (R-Alaska) praised the passage, calling it a victory "for jobs in this country, for energy security, for good trade relationships with our neighbor in Canada." "For all the right reasons, it was important that we pass this legislation in front of us here today," said Murkowski. The bill passed by a vote of 62 to 36, with all Republicans and nine Democrats voting in favor. The House approved similar legislation earlier this month. It's unclear at this point whether the two chambers will need to conference on a bill, or whether the House will pass the Senate bill as amended. But the bill is destined for a veto either way, as the White House has said President Barack Obama will not sign it into law . Press Secretary Josh Earnest reiterated that veto threat in a ...
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The Climate Post: U.S.-India Climate Agreement Less Substantive Than U.S.-China Climate Deal 30.1.2015 Green on HuffingtonPost.com
The U.S.-India climate agreement announced January 25 creates a new agreement between the second- and third-largest emitters of greenhouse gases in the world but does not have the strength of the U.S.-China climate deal reached last year. Rather than committing India to cap its emissions, the U.S.-India deal called for "enhancing bilateral climate change cooperation" in advance of the United Nations effort to reach an international agreement on emissions and finance in Paris in December. Specifically, the deal calls for cooperation on reducing emissions of fluorinated gases and beefing up India's promotion of clean energy investment. The two countries also renewed their commitment to the U.S.-India Joint Clean Energy Research and Development Center, extending by five years funding for research on advanced biofuels, solar energy, and building energy efficiency as well as launching new research on smart grid and grid storage technology. "It's my feeling that the agreement that has been concluded between ...
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Senate passes Keystone XL pipeline bill despite Obama promise to veto 30.1.2015 Washington Post: Politics
The Senate approved legislation Thursday that would mandate the construction of the controversial Keystone XL pipeline, a bipartisan vote that will set the stage for a veto showdown with President Obama. On a 62-to-36 vote, Republicans and nine Democrats approved a bill that mandates construction of the 840-mile energy pipeline that Obama has vowed to veto while federal environmental reviews continue.Read full article ...
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Stocks move higher in afternoon trading; Energy stocks fall 30.1.2015 Seattle Times: Top stories
Major U.S. stock indexes moved higher in late-afternoon trading Thursday, on track to snap a two-day losing streak. Investors cheered the latest crop of corporate earnings and encouraging labor market data. Energy stocks were among the biggest laggards, as oil prices extended their slide.
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