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Author Archives: Ben Karkela

Natural gas service expansion to give customers power option

Natural gas service expansion to give customers power option

HERNANDO, Miss. — Officials say an expansion of a natural gas service will bring the power option to customers living in five northern Mississippi counties where it wasn’t previously available. The Commercial Appeal reports Public Service Commissioner Brandon Presley made the announcement Wednesday along with Atmos Energy and other officials. Counties where service will expand include DeSoto, Clay, Lee, Monroe and ...

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U.S. import prices extend decline on cheaper oil

WASHINGTON – – U.S. import prices fell in November as the cost of petroleum and several goods continued to decline, suggesting that cheaper crude oil and a strong dollar will keep imported inflation pressures subdued for a while. The Labor Department said on Thursday import prices dropped 0.4 percent last month after a revised 0.3 percent decrease in October. Import prices ...

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EPA protecting refuge from air pollution

The U.S. Environmental Protection Agency finalized a plan Wednesday to address air pollution coming from Texas that is reducing visibility at the Wichita Mountains National Wildlife Refuge in Oklahoma, as well as the Big Bend and Guadalupe Mountains National Parks in Texas. “There’s a tradition of rivalry and competition between Oklahoma and Texas, and Oklahomans would never accept Texas messing ...

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Pennsylvania sues gas driller over ‘deceptive’ leases

Pennsylvania’s attorney general sued one of the nation’s largest producers of natural gas on Wednesday over claims it cheated at least 4,000 landowners who signed drilling leases with the company. Oklahoma City-based Chesapeake Energy Corp. tricked landowners into signing one-sided leases in the early years of the Marcellus Shale drilling boom and then improperly deducted certain post-production expenses from their ...

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Sliding oil prices weigh on Korea

SEOUL — Economic policymakers in the government said early this year sliding oil prices would be a blessing for the Korean economy. Their argument was that a decline in oil prices would result in an increase in household income and consumption while helping manufacturing companies cut production costs. But such expectations have proved simply wrong, even as oil prices fell ...

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Lower oil prices could help add $232 million to New Mexico revenue

New Mexico State Flag -- The Capitol Santa Fe (NM) 2013

The top budget writer for Republican Gov. Susana Martinez, who prides herself on being fiscally conservative, said Monday it is state lawmakers who might be too bearish in their economic outlook for New Mexico as lower gasoline prices boost consumer spending. And despite the governor’s unhappiness with New Mexico’s dependence on federal dollars, a good chunk of new federal money ...

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Oil prices have New Mexico producers eyeing cuts

CARLSBAD — With the latest drop in crude oil prices, a decline in gas prices will surely follow. Although cheaper gas may make many consumers happy nationwide, oil and gas producers in Southeast New Mexico are not ecstatic about the news. “It’s not getting any better,” Raye Miller, president of Regeneration Energy Corporation in Artesia said. The decline comes after ...

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Mini-reactors could crack nuclear industry’s financing problem: Moniz

U.S. Energy Secretary Ernest Moniz delivers his speech during the World Climate Change Conference 2015 (COP21) at Le Bourget, near Paris, France, December 8, 2015. REUTERS/STEPHANE MAHE

PARIS – Mini-versions of current-generation nuclear reactors could be the solution for the industry’s problems in finding financing for new atomic power stations, U.S. Energy Secretary Ernest Moniz said on Wednesday. The construction of new reactors in developed countries has virtually ground to a halt in recent years due to safety fears following the 2011 Fukushima disaster and because nuclear ...

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