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Buffett’s firm buys nearly 1 million more Phillips 66 shares

Berkshire Hathaway, Phillips 66

OMAHA, Neb. (AP) — Warren Buffett’s company has bought nearly 1 million more shares of oil refiner Phillips 66. Berkshire Hathaway said in a regulatory filing that it owned 80.67 million Phillips 66 shares after the latest purchases this week. Berkshire now controls 15.4 percent of Phillips 66 stock. Berkshire has been investing in Houston-based Phillips 66 since 2012. After ...

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Trump outlines vision for economy, promising large tax cuts

Trump, economy, tax code

NEW YORK (AP) — Donald Trump outlined his vision for managing the nation’s economy as president on Thursday, promising that his plans to lower taxes by $4.4 trillion over a decade and cut regulations would lead to booming growth, create millions of jobs and even cut into the nation’s budget deficit. “My plan will embrace the truth that people flourish ...

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Dominion subsidiaries end weeklong union lockout in 6 states

Dominion Power, union lockout

CHARLESTON, W.Va. (AP) — An agreement has been reached to end a weeklong lockout at Dominion’s natural gas and interstate transmission subsidiaries. Dominion Hope and Dominion Transmission agreed to end the lockout involving 915 workers in six states, while the United Gas Workers Union Local 69 vowed not to strike. The agreement, announced in a joint news release Wednesday, runs ...

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Fed judge to decide whether climate change lawsuit proceeds

American flag, pipeline protest

EUGENE, Ore. (AP) — A federal judge in Eugene, Oregon, is considering arguments about whether a lawsuit brought by a group of children and a leading climate scientist can go forward. The plaintiffs’ lawsuit alleges that the federal government has known for more than 50 years that carbon pollution causes climate change, but it has failed to implement plans to ...

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Dakota Access CEO: Company committed to finishing project

Iowa is set to make a decision on the Dakota Access Bakkken pipeline. South Dakota was the first of the four states to approve construction of the Energy Transfer Partners-owned Bakken oil pipeline.

BISMARCK, N.D. (AP) — The head of a Texas company building the $3.8 billion Dakota Access pipeline told employees Tuesday that it is committed to the project despite strong opposition and a federal order to halt construction near an American Indian reservation in North Dakota. Energy Transfer Partners CEO Kelcy Warren said in a memo to employees that the four-state, ...

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Oil prices hit by downward revision to global oil demand

global oil production

LONDON (AP) — Oil prices took a pounding Tuesday after a leading industry group said global oil demand growth is slowing by more than previously thought, largely because of a more pronounced economic slowdown during the third quarter of the year. In its September oil market report, the Paris-based International Energy Agency reduced its forecast for global demand growth to ...

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Energy secretary: Administration working hard for coal power

coal-471903_960_720

MORGANTOWN, W.Va. (AP) — U.S. Energy Secretary Ernest Moniz says the “war on coal” political messaging is untrue, adding that the Obama administration is working to keep coal an important part of a low-carbon energy future. Moniz spoke Monday at West Virginia University during the Mid-Atlantic Region Energy Innovation Forum. He also toured Longview Power’s coal-fired plant with Sen. Joe ...

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US rig count up 11 this week to 508; Texas up 4

A Concho Resources drilling rig operates in New Mexico's Permian Basin. (Image courtesy of Concho Resources)

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by 11 this week to 508. A year ago, 848 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration. Houston oilfield services company Baker Hughes Inc. said Friday that 414 rigs sought oil and 92 explored for natural gas ...

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Clinton backs bill to protect benefits for ex-coal miners

coal miners, Clinton

WASHINGTON (AP) — Hillary Clinton is supporting a bill that would protect health-care and pension benefits for about 120,000 former coal miners and their families, an issue that has divided Senate Republicans. “I firmly believe that if you spent your life keeping the lights on for our country, we can’t leave you in the dark,” the Democratic presidential candidate said ...

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