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Buffett’s company buys more Phillips 66 shares

Berkshire Hathaway, Phillips 66

OMAHA, Neb. (AP) — Warren Buffett’s company now controls more than 15 percent of Phillips 66 stock after buying another 414,065 shares of the oil refiner this week. Berkshire Hathaway disclosed the latest purchases in a filing with the Securities and Exchange Commission on Wednesday. Berkshire now owns about 79.5 million shares of Phillips 66, which represents 15.2 percent of ...

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Report: Iran detains Greek national for smuggled oil tankers

oil tanker, Iran, smugglers

TEHRAN, Iran (AP) — An Iranian state-run daily is reporting that authorities in Tehran have detained a Greek national they accuse of embezzling money from smuggled oil and selling three oil tankers for $100 million. The report on Thursday in the IRAN newspaper suggests the Greek national was involved in smuggling Iranian crude oil while economic sanctions were imposed over ...

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New Mexico confronts budget shortfalls amid oil bust

New Mexico budget shortfall

RED RIVER, N.M. (AP) — The full extent of New Mexico’s budget crisis came into sharp focus Wednesday as state economists described an 8 percent plunge in revenues during the fiscal year that ended in June and warned state lawmakers of a looming budget deficit during the current year. The mid-year snapshot of state finances set the stage for a ...

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Company says it hasn’t reduced Albany oil shipments

oil train

ALBANY, N.Y. (AP) — An oil shipper recently accused by the Environmental Protection Agency of violating air pollution standards says it hasn’t reduced rail shipments to its terminal at the Port of Albany on the Hudson River. The EPA issued a violation notice July 29 to Global Companies LLC, based in Waltham, Massachusetts. The EPA says its calculations show 3.5 ...

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California lawmakers approve extension of climate change law

California climate change bill, pollution, green energy

SACRAMENTO, Calif. (AP) — California lawmakers voted Wednesday to extend the state’s landmark climate change law by another 10 years, resisting fierce opposition from oil companies and other business interests to keep the program alive at least through 2030. Democratic Gov. Jerry Brown, a strong advocate of the state’s climate initiatives, has said he’ll sign the bill if it comes ...

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Judge to rule on tribe’s oil pipeline request by Sept. 9

Dakota Access, pipeline protest

BISMARCK, N.D. (AP) — A ruling in the request by the Standing Rock Sioux Tribe to stop a four-state oil pipeline under construction near their reservation will come by Sept. 9, a federal judge said Wednesday. The tribe is challenging the Army Corps of Engineers’ decision to grant permits for Dallas-based Energy Transfer Partners’ $3.8 billion Dakota Access pipeline, which ...

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Multiagency grants to help communities hit by coal layoffs

we re hiring

HUNTINGTON, W.Va. (AP) — Communities in states hard-hit by coal layoffs are about to receive nearly $39 million in federal grants aimed at helping people get back to work. The Appalachian Regional Commission, the Economic Development Administration and the U.S. Department of Labor announced the following grants on Wednesday: ALABAMA Shoals Entrepreneurial Center in Florence: $1 million for an entrepreneurship ...

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Can a protest against oil happen without oil?

tent

Protests against the Dakota Access Pipeline continue to mount, causing work stoppages both in southern North Dakota near the Standing Rock Sioux Reservation as well as in Iowa. Today, the  Iowa Utilities Board ordered a work stoppage around the property of 15 landowners to give the board time to review legal issues. Landowners argue against “forced condemnation of farmland for ...

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