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Just before Congress left town for the holiday, it passed and President Obama signed a bill to extend payroll tax cuts for two months. The bill included a provision demanding that the President rule...
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Now that the US House of Representatives has approved (if unwillingly) the Senate bill providing a two-month extension to lower payroll taxes and extend unemployment benefits, the bill goes to...
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The announcement from Enbridge Inc. (NYSE: ENB) that it would acquire the 50% stake in the Seaway pipeline system owned by ConocoPhillips Corp. (NYSE: COP) and reverse the pipeline’s flow...
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The U.S. Supreme Court will hear arguments about the Obama health care law. (Reuters) Angela Merkel says Europe may face its greatest crisis since World War II. (Reuters) Italy’s Monti will discuss...
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In 2010, US refineries took delivery of about 5.4 billion barrels of crude oil. Of that total, more than 50%, 2.8 billion barrels, arrived at the refineries by pipeline. The US petroleum pipeline...
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A decision is expected by the end of this year from the US State Department on whether or not the US will allow the Keystone XL pipeline to be built. TransCanada Corp. (NYSE: TRP) has proposed a $7...
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The State Department recently supported a proposal to run a pipeline from Canada down the middle of the U.S. The Keystone XL project will, according to operator TransCanada (NYSE: TRP), create...
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LG Display (NYSE: LPL) cuts capital expenditures as demand for LCD screens is hurt by tablet PC sales. (Reuters) Samsung to delay its tablet launch in the U.S. because of IP lawsuits from Apple...
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Companies that provide the tools and services to clean up oil spills made the news following last year’s disaster in the Gulf of Mexico. Speciality chemical companies that make the fluids used to...
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In the early morning hours Saturday, July 2nd, a 12-inch crude oil pipeline owned and operated by Exxon Mobil Corp. (NYSE: XOM) ruptured, spilling an estimated 1,000 barrels (42,000 gallons) of crude...
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The Keystone XL Pipeline project has been under review for more than two years now, and has already secured approval from the Alberta provincial government and the Canadian national government. The...
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Today’s commodities news highlights an SEC filing for a new agricultural ETF, a proposed pipeline that would send crude oil to the US Gulf coast, and a $500 million shelf registration from a US...
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Whether or not the 1,700-mile Keystone XL that would transport crude oil from Canada’s oil sands to the US Gulf coast is necessary all depends on one’s point of view. Some, mostly in the oil...
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