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Dow positive for 2016, oil closes above $40

Dow positive for 2016, oil closes above $40

NEW YORK (AP) — Oil closed above $40 a barrel and another surge in U.S. stocks Thursday turned the Dow Jones industrial average positive for the year and wiped out its losses from a terrible start to 2016. The price of gold and silver and oil jumped, boosting materials and energy companies. The dollar continued to weaken, boosting industrial companies ...

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Committee approves gas tax to pay for Alabama road construction

Committee approves gas tax to pay for road construction

MONTGOMERY, Ala. (AP) — A proposed gas tax increase to pay for road and bridge construction has cleared its first hurdle in the Alabama Legislature. The House transportation committee approved the bill Thursday. It now moves to the House of Representatives. The proposal would raise the tax by 6 cents per gallon. The tax would be adjusted every four years ...

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The Latest: Fed still expects benefits of cheaper gas

The Washington news conference of Federal Reserve Chair Janet Yellen is shown on a television screen on the floor of the New York Stock Exchange, Wednesday, March 16, 2016. The Fed is keeping short-term interest rates unchanged at a range between 0.25 percent and 0.5 percent, citing the risks posed by global economic and financial turmoil. (AP Photo/Richard Drew)

WASHINGTON (AP) — The latest on the U.S. Federal Reserve’s two-day policy meeting, which ended Wednesday. The central bank kept interest rates steady amid uncertainty about the global economy and financial markets. (All times local) 4:00 Federal Reserve officials are still waiting for cheaper oil and gas to boost consumer spending and perk up the economy. Fed Chair Janet Yellen ...

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Judge says government must act on gas lease on sacred land

Judge says government must act on gas lease on sacred land

BILLINGS, Mont. (AP) — A federal judge accused the Obama administration of trying to “run the clock out” on a pending decision on an oil and gas lease near Glacier National Park that’s been held up for several decades. U.S. District Judge Richard Leon on Wednesday gave the Interior Department 24 hours to act on the matter. The 6,200-acre lease ...

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Diversity in energy industry workforce leads to higher productivity, profit

Diversity in the workplace

Pink Petro held its Global HerWorld Energy Forum on Tuesday, March 1, with the theme “The New Energy Reality: Innovation, Diversity, & the NextGen.” Pink Petro is a networking resource to develop women as leaders in a male-dominated industry. Keynote speaker Regina Mayor of KPMG gave the keynote address titled “The Inclusive Workforce.” Mayor’s address highlighted three key areas in ...

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Bill would raise Alabama gas tax to pay for road construction

MONTGOMERY, Ala. (AP) — Alabama lawmakers are considering a proposal to raise the state gasoline tax to fund road and bridge construction. Republican Rep. Mac McCutcheon introduced the bill Tuesday. The proposal would raise the tax by six cents per gallon. The tax would be adjusted every four years to equal the average tax in Alabama’s four border states. The ...

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Alaska included in future offshore lease sale schedule

ANCHORAGE, Alaska (AP) — The Obama administration’s five-year offshore drilling plan announced Tuesday includes three future lease sales off Alaska and six areas in state waters that will be closely reviewed for possible environmental and other conflicts with oil and gas activities. The plan by Interior Secretary Sally Jewell covers all potential federal offshore lease sales from 2017 through 2022. ...

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Landry seeks to take over parish coastal damage suits

The Louisiana coast at sunset. (Image: romaryka via Flickr)

NEW ORLEANS (AP) — Louisiana Attorney General Jeff Landry moved Tuesday to take over lawsuits filed by three parishes that claim oil and gas activities have damaged coastal wetlands. Landry’s office says it filed motions to intervene in 39 state court lawsuits filed by Cameron, Jefferson and Plaquemines parishes against numerous oil and gas companies. The documents say Landry, as ...

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Gov’t proposes requiring at least 2-member train crews

WASHINGTON (AP) — Trains would have to have a minimum of two crew members under rules proposed this week by federal regulators. The move is partly in response to a deadly 2013 crash in which an unattended oil train caught fire and destroyed much of a town in Canada. The Federal Railroad Administration is also considering allowing railroads that operate with ...

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Wyoming energy plan seeks wider role in US land planning

Fired by coal from the Powder River Basin of Wyoming. W. A. Parish Power Plant has changed hands from Houston Light & Power to Reliant Energy to NRG Energy. (Image: Roy Luck via Flickr)

CHEYENNE, Wyo. (AP) — Updating the state’s energy plan at a bleak time for Wyoming’s coal, oil and natural gas industries offers little solace for people losing their jobs but helps ensure the state is doing all it can for its economy, Gov. Matt Mead said in releasing the plan Monday. Wyoming can’t control the global coal, oil and natural ...

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