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Exxon reports smallest profit since 1999

Exxon's 2Q profit plunges 63 percent on lower oil prices

DALLAS (AP) — Lower oil prices continue to punish Exxon Mobil Corp., which reported its weakest quarterly profit in nearly 17 years. Exxon still earned $1.7 billion in the second quarter. It was, however, down 59 percent from a year ago, and per share income missed Wall Street expectations. The energy giant cited lower prices for oil and gas and ...

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Energy company BP says 2Q earnings fell 45 percent

BP Q2 earnings

LONDON (AP) — BP’s second-quarter earnings fell 45 percent as lower oil prices hit the British energy company. Underlying replacement cost profit, which excludes one-time items and fluctuations in the value of inventories, fell to $720 million from $1.3 billion in the same quarter a year earlier, the company said in a statement released Tuesday. BP’s net loss narrowed to ...

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AP Newsbreak: US oil, gas applications could drop 40 percent

BILLINGS, Mont. (AP) — U.S. officials say applications to drill for oil and gas on federal and Indian lands are expected to decrease 40 percent in coming years versus their historical average. The projection comes as cheap prices have curtailed domestic energy exploration, driving down state and federal revenue. The U.S. Bureau of Land Management on Thursday will announce a ...

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Standing Rock Sioux sues Corps over oil pipeline permits

Dakota Access pipeline

BISMARCK, N.D. (AP) — The Standing Rock Sioux Tribe is suing federal regulators for approving permits for a $3.8 billion pipeline that will move oil from North Dakota to Illinois. Tribal officials filed the lawsuit Wednesday against the U.S. Army Corps of Engineers. The Corps issued permits for the project on Tuesday. The Standing Rock tribe opposes the Dakota Access ...

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Cooking oil, graphene among CO2 capture prize entry ideas

coal-fired power, carbon capture

CHEYENNE, Wyo. (AP) — Cooking oil and graphene, a recently discovered substance stronger than steel, might seem to have little in common, but some theorize both could be made from carbon dioxide emitted by coal- and gas-fired power plants. Teams from Canada, China, Finland, India, Scotland, Switzerland and the U.S. have submitted 47 proposals for the first round of a ...

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Cities turn to local action to block oil trains

oil trains, crude by rail, Seattle

SEATTLE (AP) — As crude oil trains began rolling through its downtown a few years ago, Spokane was among the first cities to pass a resolution calling for stronger federal safety regulations. But when a mile-long train derailed in the scenic Columbia River Gorge along the Oregon-Washington border last month — after earlier passing through this major railroad hub in ...

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Sick of apartment living? Consider this…

apartment, UMH manufactured home

Comparing the costs of renting an apartment vs. owning a home is a very real issue for all ages today. It is hard to look at the costs of renting an apartment only to realize that the only immediate benefit is having a place to live, and there doesn’t seem to be any real long-term benefit. How is it possible ...

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10 Things to Know for Tuesday

Dem convention, Al Franken

Your daily look at late-breaking news, upcoming events and the stories that will be talked about Tuesday: 1. CLINTON CONVENTION TRIES TO END DEMOCRATIC DISUNITY Hillary Clinton’s campaign sought to squelch a political firestorm over hacked emails that deepened dissent among Bernie Sanders’ supporters, turning to some of the party’s biggest stars to heal divisions on the Democratic convention’s opening ...

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