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Tag Archives: Texas

Republican presidential hopeful Cruz claims his plan would expand ethanol demand

CEDAR RAPIDS — Texas Sen. Ted Cruz defended his energy plan that would terminate federal support for ethanol production, claiming that ending subsidies for all forms of energy would expand the market — and demand — for the corn-based fuel that is credited with supporting somewhere between 47,000 and 75,000 jobs in Iowa. “You shouldn’t have government picking winners and ...

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Effect of climate deal on Texas is up in the air

WASHINGTON — All eyes are on Paris this week as the United Nations climate summit finalizes worldwide targets to reduce greenhouse gas emissions. The plan is expected by the conclusion of the two-week summit on Friday, and it is already having a special resonance in Texas, the nation’s largest energy producer. President Barack Obama laid out the U.S. position in a ...

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Tillerson: Energy ups and downs cyclical

Exxon Ceo Rex Tillerson

The landscape of the oil and gas industry changed dramatically within a few years, creating an abundance of energy. Rex Tillerson, CEO and chairman of Exxon Mobil and native of Wichita Falls, said it has also created new challenges and struggles for those in the industry. Tillerson was the keynote speaker at the 25th annual Economic Forum on Monday at ...

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Quiet hurricane season leaves oil oversupply

A quiet Atlantic hurricane season in the Gulf of Mexico ended Monday without a storm-induced price rise to lift crude oil from its slump. Tropical Storm Bill made landfall on Matagorda Island, Texas, on June 16. It was the only system to hit the Gulf of Mexico in 2015. Bill brought coastal flooding and gusty winds to the Texas coast ...

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North Texas still coping with aftermath of weekend storms

FORT WORTH — Commuters can expect a few sprinkles of rain Monday morning and a break from dreary weather by Tuesday, when sunny skies are expected to end the dangerously wet month for North Texas. Fort Worth Fire Department dive crews Monday morning will again assess water levels at Deer Creek in southern Tarrant County to determine whether search efforts ...

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New wave of Cuban immigrants reaches US through Texas

texas mexico border

When Jordanis Perez fled Havana this spring for the United States, he decided his best chances weren’t by boat to Florida, but by a route increasingly favored by thousands of Cuban migrants– by land to Texas. The number of Cubans arriving at the southern border increased this year after President Obama and Cuban President Raul Castro announced plans last December ...

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Energy Future, creditors reach settlement over bankruptcy plan

Texas’s biggest power company, Energy Future Holdings Corp, has reached a settlement with the last group of creditors opposed to its Chapter 11 bankruptcy plan, increasing the likelihood the plan will be confirmed. The company said in court filings late Monday it had reached settlements with the official creditors committee of Energy Future Holdings, as well as a representative for ...

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Texas solar panel company to pay $8.5M in fraud case

AUSTIN, Texas (AP) — A Texas solar company must pay $8.5 million for importing unsafe panels from China and falsely labeling the items as U.S. made. The Texas Attorney General’s Office on Monday announced the penalties and permanent injunction against 1 SolTech Inc. of Richardson. The Dallas-area company filed for bankruptcy last year amid the 2013 lawsuit. The company and ...

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