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NEWS
June 12, 2010 | By Renee Schoof, McClatchy Newspapers
WASHINGTON - Plans to burn hundreds of thousands of gallons of oil from BP's blown-out well are raising new questions about the health and safety of the thousands of workers on rigs and vessels near the spill site. BP and the federal government are in new territory once again in dealing with the nation's worst environmental disaster: There has never been such a huge flaring of oil in the Gulf of Mexico, or possibly anywhere. The incineration of such huge amounts of oil combined with the black clouds of smoke already wafting over the gulf waters from controlled burns of surface oil create pollution hazards for the estimated 2,000 people working in the area.
NEWS
July 3, 2008 | By Sam Wood and Allison Steele, Inquirer Staff Writers
An 84-year-old woman died at a Burlington County hospital Monday night two days after drinking tiki torch lamp oil that she had mistaken for apple juice. Four other people across New Jersey have gotten sick since May from accidentally drinking the amber liquid, prompting state officials to issue a health alert yesterday about the hazards of ingesting it. Officials have urged people to keep tiki torch fluid far away from foods and common areas to avoid confusion. "Lamp oil bottles closely resemble juice containers and the colors of those fluids is indistinguishable from juice," said Bruce Ruck, spokesman for the state Poison Information and Education System.
NEWS
December 30, 2014 | Inquirer Editorial Board
Sometimes it seems as if America, at 238 years old, is suffering from a sort of midlife crisis that has it questioning its strength and leadership. Questioning is fine; few are pleased with Washington these days. But it was more troubling to hear some critics suggest that President Obama should be more like Russian President Vladimir Putin. Some were apparently impressed by the machismo Putin displayed in invading Ukraine even though it was morally wrong. Much of that sentiment evaporated as casualties mounted in the war Putin incited to keep Ukraine firmly in Russia's orbit rather than the European Union's.
NEWS
May 10, 2006
GAS PRICES will never be what they used to be, we know that. Is it just coincidental that the fictional oil crunch just happens to coincide with the introduction of hybrid automobiles? If gas were so scarce, why hasn't SEPTA had a fare increase? Yet they were going to allow a strike over healthcare benefits, something they were already paying for. Darnell Perry Sr., Philadelphia
NEWS
April 18, 2000 | By Dave Barry
If you've been to a gas station lately, you have no doubt been shocked by the prices: $1.67, $1.78, even $1.92. And that's just for Hostess Twinkies. Gas prices are even worse. Americans are ticked off about this, and with good reason: Our rights are being violated! The First Amendment clearly states: "In addition to freedom of speech, Americans shall always have low gasoline prices, so they can drive around in 'sport utility' vehicles the size of minor planets. " And don't let any so-called "economists" try to tell you that foreigners pay more for gas than we do. Foreigners use metric gasoline, which is sold in foreign units called "kilometers," plus they are paying for it with foreign currencies such as the "franc," the "lira" and the "doubloon.
NEWS
August 17, 1996 | by Ramona Smith, Daily News Staff Writer
The drilling rig is coming to South Philadelphia. A contractor for the Sun Co. is expected to begin sinking test wells next week in the Passyunk Homes housing project to find out how far underground petroleum has spread from a nearby military supply base. The drilling will "bore far enough down to tell where the plume is likely to be," said Rob Goldberg, a spokesman for the Department of Environmental Protection. The immediate concern is the extent of contamination from the Defense Personnel Support Center, near the Schuylkill Expressway, rather than Sun's own property, where the company is cleaning up other plumes of oil. The base, Sun and the DEP have agreed on a need to pinpoint contamination in the area.
NEWS
January 29, 2013 | By Tom Avril, Inquirer Staff Writer
Pour a few handfuls of chopped-up corn stalks or switchgrass into a hopper. Heat rapidly. Funnel the resulting mixture through an intricate network of metal pipes and canisters. Out the other end - drip, drip - comes a thick brown liquid that looks an awful lot like oil. Called bio oil, it is not quite the same as what comes out of a well. But it is close enough that government scientists think the process, called fast pyrolysis, is a promising way for farmers to enhance energy security.
BUSINESS
April 27, 1986 | By Diana Henriques, Inquirer Staff Writer
It could be an oil-producing nation on the Persian Gulf: Oil taxes generate nearly 85 percent of government revenues. In the boom years, it launched scores of expensive projects - schools, roads, hospitals - all across what was once a wasteland. Now, the boom has fizzled. Per-capita income is down, and thousands of skilled workers from elsewhere are packing up to go home. Or, it could be an oil-dependent Latin American debtor nation: It owes nearly $1 billion, almost all of it due in 10 years or less.
NEWS
May 22, 2001
To me, the Arctic refuge represents everything spectacular and everything endangered about America's natural heritage: a million years of ecological serenity . . . an irreplaceable sanctuary for polar bears, white wolves and 130,000 caribou.. . .For 20,000 years - literally hundreds of generations - the native Gwich'in people have inhabited this sacred place, following the caribou herd and leaving the awe-inspiring landscape just as they found it. . . . It is a sad day indeed when our President and congressional leaders would sacrifice America's largest wildlife refuge for the sake of a possible six-month supply of national energy.
NEWS
April 12, 1989 | BY MIKE ROYKO
That's what I like," said Slats Grobnik, with a snort and a snicker. "I like a guy who doesn't make any snap decisions. " Who are you talking about? "Who else? Our new leader, the commander in chief, the great horseshoe player, President Bush. " What has brought on your sudden admiration? "Well, I just heard he said the big oil leak in Alaska is the oil company's fault, but he's going to send in troops to help clean it up anyway. " I think that is a decision we can all agree on. "Right, and what I like is he just didn't rush in there with any whatchacallits.
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BUSINESS
January 16, 2015 | By Joseph N. DiStefano, Inquirer Staff Writer
How long will we enjoy gas below $2 a gallon, or oil below $50 a barrel? "I wouldn't bet on more than a year," Philip Rinaldi, who runs Philadelphia Energy Solutions and its big refinery, storage, and shipping complex in South Philadelphia, told Greater Philadelphia Chamber of Commerce members at their yearly economic forecast breakfast Wednesday. But, like a Wall Street trader, Philadelphia could benefit from Marcellus Shale gas and oil whether world prices rise or fall, Rinaldi added.
BUSINESS
January 13, 2015 | By Erin E. Arvedlund, Inquirer Columnist
If you're brave enough to think oil stocks have been fairly repriced, here are some ideas on how to play the sector. First, here's an exchange-traded fund that broadly represents the energy industry: Energy Select Sector SPDR (symbol: XLE). Its top holdings include ExxonMobil, Chevron, Schlumberger, ConocoPhillips, and EOG Resources. Ernie Cecilia, chief investment officer of Bryn Mawr Trust, instead is buying shares in individual low-cost producers such as EOG and ExxonMobil, he says, as the latter company "can make money with oil even at $40 a barrel.
BUSINESS
January 4, 2015 | By Linda Loyd, Inquirer Staff Writer
American Airlines and merger partner US Airways could enjoy more than $2.5 billion in "tailwinds" in 2015 because Philadelphia's dominant airline does not hedge its jet-fuel costs and does not have profit-sharing with employees, a Wall Street analyst said Friday. American is one of the few major airlines that does not buy hedges, which are futures contracts that lock in fuel prices in advance. Declining oil prices should be worth at least $1.3 billion to American, airline analyst Hunter Keay of Wolfe Research L.L.C.
NEWS
December 30, 2014 | Inquirer Editorial Board
Sometimes it seems as if America, at 238 years old, is suffering from a sort of midlife crisis that has it questioning its strength and leadership. Questioning is fine; few are pleased with Washington these days. But it was more troubling to hear some critics suggest that President Obama should be more like Russian President Vladimir Putin. Some were apparently impressed by the machismo Putin displayed in invading Ukraine even though it was morally wrong. Much of that sentiment evaporated as casualties mounted in the war Putin incited to keep Ukraine firmly in Russia's orbit rather than the European Union's.
BUSINESS
December 23, 2014 | By Erin E. Arvedlund, Inquirer Columnist
Ain't it grand that oil prices are dropping? Yes and no. For consumers, yes, the 40 percent drop, down to $55 or so per barrel, amounts to a massive income boost. Each penny drop in gas prices at the pump equals $1.4 billion a year in extra disposable income, according to Bill Dunkelberg, professor of economics at Temple University. The best part, he says, is that American dollars aren't leaving the country like they did in 2008, when $150-per-barrel oil enriched OPEC nations. "Now we're going to start collecting those oil revenues here when prices rebound," he adds.
BUSINESS
December 22, 2014 | By Linda Loyd, Inquirer Staff Writer
Oil prices recently dropped to five-year lows, and consumers are reaping the benefits when they fill up at the gas pump. But they are not seeing the same good deals on airfares, which are at the same levels as when crude was above $100 a barrel. Airlines are not passing on their fuel savings to customers for several reasons. First, demand for air travel remains strong, and planes are full. With an improving economy, people have more disposable income. "What's the incentive to lower fares?"
NEWS
December 19, 2014
ISSUE | CONGRESS Maiden budget effort a bad sign Once again, our supposed leaders brought us to the brink of a government shutdown as another short-term spending plan was about to expire, the members scrambling to put into place another eleventh-hour agreement so that they could begin their lengthy holiday recess ("Congress passes $1.1 trillion bill," Dec. 14). There was no possibility that a clean spending blueprint would be proposed. Rather, we found shenanigans, an unwillingness to fund the Department of Homeland Security for more than a few months, and special-interest poison pills inserted into the legislation that were unrelated to the matter at hand, but provisions that a sufficient number of Democrats were willing to accept.
BUSINESS
December 13, 2014 | By Linda Loyd, Inquirer Staff Writer
Airline stocks soared Thursday after Delta Air Lines said the sharp drop in oil prices would translate into a $1.7 billion savings in fuel costs next year. Delta said at an investor conference in New York that its Trainer refinery in Delaware County would produce a $75 million profit in the current quarter, helping to offset losses on the airline's fuel-hedge contracts. Delta buys some of its fuel in advance, to hedge against higher costs. But when fuel prices dramatically decline, the airline is locked in and takes a hedge loss.
ENTERTAINMENT
December 13, 2014 | By Elisa Ludwig, For The Inquirer
In a swelling tide of tinsel and Bing Crosby, Hanukkah sometimes seems like a mesh bag of gold foil-wrapped afterthought. Yet the very theme of the Festival of Lights is survival, and the panoply of options for Hanukkah activities in the region demonstrates that this holiday refuses to go quietly into the fake snowy night. Here are some ways to keep the lights burning: Lighting ceremonies. Re-creating those flames that wouldn't quit, lighting ceremonies abound on the eve of the holiday on Tuesday - at sundown at Suburban Square, 6 Coulter Ave., Ardmore (information: 610-896-7560, suburbansquare.com)
BUSINESS
December 12, 2014 | By Linda Loyd, Inquirer Staff Writer
Airlines are enjoying record profits as oil prices drop and the global economy improves. So far, though, airlines have not passed on their profits to passengers in the form of lower airfares. But that may change. The fall in fuel prices and upturn in the economy could benefit consumers with cheaper travel, the International Air Transport Association (IATA) in Geneva said Wednesday. The trade group for the world's airlines predicted the average fare could drop 5.1 percent in 2015, excluding taxes and surcharges.
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