Gas stations are an increasingly tempting target for credit card information thieves and other fraudsters, The Wall Street Journal reports, prompting both the credit card and fuel industries to move more quickly on defensive actions.
David Wood, the CEO and president of Murphy Oil Corp, unexpectedly resigned on Wednesday. The oil and gas company's former general counsel has assumed the position of CEO, The Wall Street Journal reports.
WASHINGTON (AP) — President Barack Obama will order Thursday changing or eliminating a handful of regulations — from uniform street sign requirements to outdated hospital reporting rules — that his administration says could have cost the economy $6 billion over five years, part of a regulatory overhaul that will require agencies to periodically scrub their rule books in search of unnecessary mandates.
Gas stations are among the beneficiaries of the changes, as the EPA will repeal a requirement that gas stations in some states install vapor controls at the pumps.
Obama will sign the election-year executive order later Thursday that will force federal agencies to scrutinize old rules to determine which ones are justified and to issue regular reports on their progress.
With gas prices escalating and consumption of gas at the pump at an 11-year low, the nation's 110,000 independent gas station owners are feeling the pain, and say it's increasingly difficult to make a profit, especially with credit-card processing fees, The Wall Street Journal reports.
“A unified legislative response” is needed to address the complex issues surrounding the West’s drought problem, Energy and Natural Resources Committee Chairman Sen. Lisa Murkowski, R-Alaska, said at a hearing Thursday, E&E reports.
For the second time, FutureGen Industrial Alliance is trying to get its Illinois clean coal project revived, and has engaged former Sen. Mary Landrieu to lobby to restore federal backing, The Hill reports.
Oil prices gained 9 percent on the week after holding relatively steady Friday. Light, sweet crude for November delivery finished 20 cents higher to settle at $49.63 a barrel on the Nymex, while in London, Brent lost 40 cents to $52.65, Dow Jones reports.
Oil prices may be rebounding but it will take time for demand to pick up again, Bernard Deroc-Danner, chief of oil field services company Weatherford International, told The Wall Street Journal, as he defended the firm’s job cuts.
Google's Nest Labs, Commonwealth Edison, and several other utility partners have launched a program aiming to get 1 million smart thermostats into homes in Northern Illinois in the next five years, E&E reports.
The SunPort, which plugs into outlets and gives the users access to solar energy through solar credits, has won startup PlugSolar an award from the Consumer Electronic Association, opening the door to more investment funding, Albuquerque Business First reports.
Calling Petrobras’ April move to write down 6.2 billion reais lost to corruption as just “the tip of the iceberg,” a prosecutor said Friday the scandal may end up costing the company more than 20 billion reais—$5.3 billion at the current exchange rate, Reuters reports.
A planned debate between Republican presidential candidates on energy and environment issues in New Hampshire this week was cancelled after only two agreed to come, and a similar forum for Democrats has been postponed, The Huffington Post reports.