"Research to be released Thursday shows that West Coast refineries continued to produce gasoline even though Americans were told they were temporarily shut down, leading to price spikes in May and October, McClatchy Newspapers reports."
Economy & Business
"Climate change is suddenly a hot topic again. The issue is resurfacing in talks about a once radical idea: a possible carbon tax."
"The federal government's flood insurance program, which fell $18 billion into debt after Hurricane Katrina, is once again at risk of running out of money as the daunting reconstruction from Hurricane Sandy gets under way."
"Warning that tens of thousands of jobs are at stake, governors in wind energy states Tuesday called on Congress to renew an expiring tax break."
"Money raised from carbon taxes on energy bills should be used to lift millions of households out of fuel poverty and boost the economy, it has been suggested."
Because of the Citizens United decision, spending on the 2012 election by fossil-fuel and anti-environmental-regulation groups was enormous. The actual results of the election seem to suggest that these business lobbies made some disastrously bad investments. The common media narrative that big money makes big business omnipotent (or omniscient) may be due for fact-checking.
"When the United States International Trade Commission decided on Wednesday to uphold tariffs of about 24 to 36 percent on most solar panels imported from China, the case’s proponents claimed a major victory."
"LONDON — BP returned to profitability with a better-than-expected third-quarter profit, prompting the oil giant to raise its dividend."
"THREE RIVERS, Tex. — The refinery business has long been the difficult stepchild of the oil industry, expensive to run, prone to accidents and a low-margin headache for executives who preferred drilling for gushers. But signs of the improving fortunes for the industry can be seen at Valero Energy's Three Rivers refinery here, about 70 miles south of San Antonio at the doorstep of a giant new shale oil field."
"The hillside vineyards of New York's Finger Lakes region make money producing fine Rieslings and inviting tourists to sip white wine by the water's edge. Now winery owners are worried about the prospect of a grittier kind of economic development: gas drilling."