Economy & Business

"Ever since the collapse of the domestic steel industry, blue-collar workers living in the mountain towns near the border of Pennsylvania, West Virginia and Ohio have struggled to find jobs. But last June, Shell Oil Co. announced it would build a huge petrochemical refinery somewhere in that Appalachian region. The plant, known in the industry as a "cracker," could bring billions of investment dollars and thousands of jobs."

"BALTIMORE — As operators of coal-fired power plants around the country welcome a court-ordered delay on tighter pollution rules, the owner of a retrofitted plant here says that the rules cannot come too soon. The company, Constellation Energy, says it is an issue of fairness. A little more than two years ago, it completed an $885 million installation that has vastly reduced emissions from two giant coal-burning units at its Brandon Shores plant here, within view of the city’s downtown office towers."

"The 'miracle fibre' that helped drive Quebec's economy for more than a century now represents an industry near death, despite government efforts to keep it afloat."

"The standard 100-watt light bulb is going away, and its lower-wattage cousins are soon to follow."

"WASHINGTON — A federal tax credit for ethanol expired on Saturday, ending an era in which the federal government provided more than $20 billion in subsidies for use of the product."

"WASHINGTON -- Four domestic companies that make most of the steel towers for wind turbines in the United States filed a trade complaint against China and Vietnam on Thursday, seeking tariffs in the range of 60 percent. The action is a significant new skirmish in an emerging green energy trade war.

Despite Iran's threat to close the Strait of Hormuz, some global oil prices fell. It turns out Iran's influence on the international oil market may be weak, and its threats more an effort to head off international sanctions that will harm its own weakened petroleum economy. Shipping lanes are just one of many major strategic factors affecting the global oil market. Iran has, however, offered spurious ammunition to U.S. politicians crowing for US acts of war against it. Right now, the news media are taking Iran's threats more seriously than the oil market is.