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Prince Alwaleed backs Saudi’s refusal to cut crude, says $100 per barrel never again

Saudi Arabian billionaire and business magnate Prince Alwaleed bin Talal recently made comments on the future oil crude oil prices by stating, “We will not see $100-a-barrel oil again.” The plummet of oil is the talk of the energy world, and while cheap prices are great for consumers and indirect industries that consume fuel, the intense lows are cutting deep ...

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Insurance companies join forces

shake hands

A subsidiary of Pittsburgh’s 15th largest bank, NexTier Inc., is joining forces with another western Pennsylvania insurance group. On Monday, NexTier Insurance Services LLC and ESS Insurance Group announced they have merged together and are now operating under the name ESS NexTier Insurance Group LLC. Details regarding finances for the merger have not been disclosed. ESS Principal Charles “Chip” Echonz ...

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More than 700 spills reported in Colorado in 2014

oil slick

A toxic release summary from the Center for Western Priorities (CWP) reported that 712 oil and chemical spills occurred in 2014 — amounting to two spills each day in the state. The center gathered its data from the Colorado Oil and Gas Conservation Commission (COGCC). “The Oil and Gas Task Force has a rare opportunity to provide leadership and strike ...

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Bill pushes bioenergy incentives

A new bill introduced last week may persuade public entities in Colorado to power their buildings with an organically-derived energy source. The bill, introduced by Sen. Matt Jones on Jan. 7, aims to promote the use of woody biomass as an energy source through a grant program, according to a recent Biomass Magazine article. The U.S. Forest Service described woody biomass ...

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The return of “The Oil Barrel Special”

Yet another Houston business has recently decided to take advantage of the drop in oil prices by incorporating them into their marketing strategy. La Colombe D’or, a high-end restaurant in Montrose, Texas, will be bringing back “The Oil Barrel Special,” a menu item that originated from the oil bust that occurred in the 1980s. According to the Houston Business Journal, ...

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PUC urges Philly to fix gas pipes

To replace Philadelphia’s city-owned utility’s leaking gas pipes, it will take 88 years under a project approved by the Philadelphia Public Utility Commission (PUC) in 2013. On Monday, the commission announced it has started an in-depth safety review of the plan and is putting pressure on the city to fix the old, leaking pipes. The push for the pipes to ...

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Just Energy Group sees the light, adds solar to its resume

Houston-based Just Energy Group Inc. can officially add solar power to its portfolio. The company announced it has reached a deal with California-based Clean Power Finance Inc. to start providing solar power to Just Energy’s residential customers. Amigo Energy, Tara Energy and Hudson Energy are also a part of Just Energy’s corporate umbrella. According to the Houston Business Journal, Just ...

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Xcel offers $500 per kilowatt of recycled energy

Recycled energy projects can bring in $500 per kilowatt thanks to a recent ruling by the Colorado Public Utilities Commission, according to EnergyEfficiencyMarkets.com. The incentive, offered by Xcel Energy, will pay out over 10 years to companies utilize waste heat to process energy. “The ruling—a first for the state—places recycled energy technologies alongside better-known renewables like wind, solar, biomass, and ...

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