Posts Tagged ‘Ohio’

Pennsylvania at the heart of new natural gas bonanza

December 29th, 2008

By Marc Levy Associated Press Writer
HOUSTON, Pa. — Illuminated drilling rigs glow for miles from atop flattened hills when night falls in this rolling farm and coal country in southwestern Pennsylvania.
Tanker trucks back up traffic on two-lane roads, and Texans wearing heavy coats and muddy boots fill Shelley’s Pike Diner at lunch as land owners [...]

Oil and gas prices slip to new 3-year lows

December 3rd, 2008

By MARK WILLIAMS
COLUMBUS, Ohio – Retail gasoline fell to a new three-year low Tuesday and in an unprecedented decline, crude oil costs $100 less per barrel than it did four months ago with a U.S. recession eating away at energy demand.
Analysts believe prices at the pump may finally be bottoming out after a precipitous [...]

Oil tumbles below $50 as recession called

December 2nd, 2008

COLUMBUS, Ohio – Oil prices tumbled below $50 a barrel Monday as National Bureau of Economic Research reported that the U.S. economy has been in a recession since December 2007 and the Dow Jones industrial average fell nearly 700 points.
A tandem of bleak economic reports led to an early decline even before the NBER report [...]

Oil Closes Below $50, Lowest Price Since May 2005

November 21st, 2008

Oil Closes Below $50, Lowest Price Since May 2005
After rising to dizzying heights this summer, the oil market is suffering a hair-raising drop with no apparent end in sight.
Oil prices fell to their lowest level in more than three years, falling below $50 a barrel on Thursday, after shedding close to $100 in four months [...]

Capital City Energy places bets on fossil fuels

November 10th, 2008

Business First of Columbus - by Jeff Bell
Tim Crawford’s faith in what he thinks is a fundamental truth in the energy business seems to sustain him as oil and natural gas prices tumble and stock values fall.
“Everyone has to fill their gas tank and heat their home,” said the CEO of Capital City Energy Group [...]

Palin On Energy

October 29th, 2008

Watching Gov. Sarah Palin’s policy speech on energy right now. It looks as if she’s tacking on her stump speech praise of McCain. She’s reading off the prompter at times and winging it at others. Still not sure what this speech is, what the goal is, who the audience is…. and why this is [...]

2 killed in explosions at Ohio oil well

October 21st, 2008

LA RUE, Ohio (AP) — Authorities say two men have been killed in a pair of explosions at a central Ohio oil well.
Authorities say 53-year-old Kevin Fout and 45-year-old Jessie Price were doing some welding on an oil storage tank on the property Sunday afternoon when there was one huge explosion followed by another.
Marion County [...]

Alaska: Energy fix meets political pandering

October 14th, 2008

By Steve Hargreaves, CNNMoney.com staff writer
The country could offset some of its oil imports by drilling in Alaska, but some say the whole debate is just a big distraction.
Those seem to be the two schools of thought emerging as politicians call for expanded drilling in Alaska.
It’s no surprise that with oil prices at $130 [...]

Natural gas pipeline making way across Indiana

October 14th, 2008

Associated Press
BAINBRIDGE, Ind. - Construction work has started on the 166-mile segment across Indiana’s midsection of a pipeline that will carry natural gas from Colorado into the Midwest.
The Rockies Express-East pipeline route crosses nine counties in central Indiana, dropping just south of Indianapolis. The pipeline is expected to be partially in service into [...]

US heating oil up 90 cents from year ago at $3.67 a gallon

October 12th, 2008

United States - By Tom Doggett
WASHINGTON (Reuters) - As the U.S. heating season gets underway, the average price that homeowners paid for heating oil was $3.67 per gallon this week, the government said Wednesday.
The nationwide heating oil price is 90 cents higher than a year ago, according the federal Energy Information Administration’s weekly [...]