Economy & Business

"America's oil in storage just hit another record after rising for the 11th consecutive week."

"Over 200 mines shut down and industry loses 76% of its value in five years, report finds".

"Federal officials brought in $539 million in high bids Wednesday for the rights to drill for oil and natural gas in almost 1 million acres in the Gulf of Mexico."

"Chuck Fluharty parachutes into busted rural economies and tries to figure out how to get them out of the ditch. His latest challenge: Appalachia."

"Wind power will be cheaper than electricity produced from natural gas within a decade, even without a federal tax incentive, according to a U.S. Energy Department analysis."

"Last week, with little fanfare, PNC Financial, the nation’s seventh-largest bank, disclosed a significant strategic shift. The bank said it would no longer finance coal-mining companies that pursue mountaintop removal of coal in Appalachia, an environmentally devastating practice that has long drawn opposition."

"Maryland Attorney General Brian Frosh became the latest voice to oppose the proposed merger between Baltimore Gas and Electric parent Exelon Corp. and Pepco Holdings."

"Global action on climate change could cause insurers’ investments in fossil fuels to take a huge hit, says bank’s prudential regulation authority".

"The Public Utilities Commission of Ohio made history Wednesday in a ruling refusing to allow AEP Ohio to saddle ratepayers with extra charges to subsidize the continued operation of a 1950s-era coal-fired power plant that it owns along with FirstEnergy and other state utilities."

"France's energy minister said on Monday that an overhaul of the country’s state-controlled nuclear energy industry was imminent, after one of the country’s main builders of nuclear power plants warned of a loss that could hamper its ability to continue operating independently."