N.Y. takes step to lift state ban on fracturing

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New York state will take a step toward the type of drilling that swept across states including Pennsylvania in recent years by releasing draft rules for hydraulic fracturing to extract natural gas from shale.
The guidelines, set for release today, wou…
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Offers pile up to buy crude from strategic reserve

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WASHINGTON — The government’s auction of 30 million barrels of oil from the United States’ emergency stockpile attracted more than 90 offers to buy the crude, the Energy Department announced Thursday.
Industry interest in the Strategic Petroleum Res…
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Oil bubble pops in 2nd quarter

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NEW YORK — After rising to become an obstacle to economic growth, oil prices went backward in the second quarter.
The benchmark price in the U.S. dropped nearly 16 percent in May and June, and closed the quarter with an 11 percent decline. Having set…
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CITGO Promotes Energy Efficient Lighting and Environmental Protection

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HOUSTON, June 30, 2011 /PRNewswire/ — In alignment with the social development and energy efficient programs of its ultimate shareholder, Petroleos de Venezuela, S. A. (PDVSA), CITGO Petroleum Corporation has launched the 2011 CITGO-Venezuela Energy Efficient Lighting Program (EELP). The init
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White House Selects Metrus Energy for Better Buildings Challenge

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CHICAGO–(BUSINESS WIRE)–Metrus Energy, a pioneer in financing models for industrial and commercial building energy efficiency, was selected by the White House as a financial partner in the nation’s Better Buildings Challenge

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Shell's contracted drillship Noble Discoverer (is shown) in Dutch Harbor, Alaska.

Alaska governor plans to open coast for drilling

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The to-be leased 14.7 million acres in the Beaufort Sea skirts the Arctic National Wildlife Refuge and the National Petroleum Reserve-Alaska and would give drillers access to the resource-rich north coastline.

An undated photo provided by the Energy Department shows crude oil pipes at the Bryan Mound site near Freeport, Texas. (AP Photo/Energy Department).

Feds report ‘high’ demand for emergency oil

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More than 90 bids came in for shares of the 30.24 million barrels of light, low-sulfur crude being released from the Strategic Petroleum Reserve, according to the Energy Department, which called the sale “substantially oversubscribed.”
An oil truck passes in front of Chevron Refinery in Richmond, Calif. in 2006. (AP Photo/Paul Sakuma, file)

U.S. refineries grow capacity, but not production

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Last year, refineries reached their largest oil-processing capacity in 28 years. But they only used about 86 percent of that capacity.

Advancing U.S. STEM Education Programs

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CHICAGO–(BUSINESS WIRE)–The Dow Chemical Company and The Dow Chemical Company Foundation are broadening their long-standing commitment to STEM education by pledging more than $5 million in program funding.

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GE to Submit 60-Watt Replacement LED Bulb for L Prize Competition

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EAST CLEVELAND, Ohio–(BUSINESS WIRE)–GE Lighting engineers and scientists are developing a 60-watt replacement LED bulb that meets the specifications for the Department of Energy’s Bright Tomorrow Lighting (L Prize) competition.

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