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Author Archives: Ben Karkela

Alaska governor may call special session over budget

Alaska governor may call special legislative session over budget

JUNEAU, Alaska (AP) — Alaska Gov. Bill Walker said he is willing to call the Legislature into a special session if lawmakers don’t pass any revenue proposals to help close a multibillion-dollar budget deficit. His push for more income comes as the state’s Department of Revenue on Monday released a forecast showing another $300 million drop in funding for the ...

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Purchase agreements in place for Atlantic Coast Pipeline

Purchase agreements in place for Atlantic Coast Pipeline

RICHMOND, Va. (AP) — Purchase agreements have been signed for virtually all of the natural gas that would be delivered to the Southeast by the proposed Atlantic Coast Pipeline, the lead energy company behind the $5 billion project said Tuesday. Diane Leopold, president of Dominion Energy Inc., said the utility agreements reflect the need for the nearly 600-mile energy project ...

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Lew Ward, Oklahoma oilman and entrepreneur, dies at 85

Lew Ward, Oklahoma oilman and entrepreneur, dies at 85

TULSA, Okla. (AP) — Oklahoma oilman Llewellyn O. “Lew” Ward, the founder and chairman of the Ward Petroleum Corporation who championed the industry locally and nationally, has died. He was 85. Ward, who also was active in Republican politics and a past president of the Independent Petroleum Association of America, died on Sunday of natural causes, according to the Henninger-Hinson ...

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Stocks open lower; travel companies sink following attacks

Stocks open lower; travel companies sink following attacks

U.S. stocks are opening broadly lower, led by declines in travel-related companies following the attacks in Belgium. Airlines, cruise companies and travel booking sites were among the biggest decliners early Tuesday. Delta Air Lines and Carnival each lost 3 percent. Energy and materials companies were also lower. The price of crude oil slipped. The Dow Jones industrial average fell 47 ...

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Average gasoline price could break $2 threshold

Average gasoline price could break $2 threshold

The national average price for a gallon of gasoline may rise above $2 soon. A gallon of gas averaged $1.99 in the United States late Monday afternoon, according to GasBuddy.com. The average price has risen 5 cents in the past week. The average price for a gallon of gas in Houston was $1.84 on Monday afternoon, up 6 cents from ...

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Oil finishes strong as stocks shake off early loss

Stocks drift, US crude up 52 cents in early trade

Major U.S. stock indexes eked out modest gains on Monday, extending the market’s winning streak into a fourth day. Stocks wavered into the red at times before steadying in the late afternoon. The price of oil also veered lower at times, but ended higher. Investors had their eye on the latest batch of company deal news and new data on ...

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