US Energy Systems News

Oil prices fell more than $1 to $78 a barrel Tuesday as the dollar firmed and energy companies began restoring offshore operations disrupted by Tropical Storm Ida.

Canadian Natural Resources Minister Lisa Raitt said she and her staff are lobbying interests in the United States at all levels, trying to send the message that the huge heavy-oil resource in Alberta is being developed responsibly and that US input on environmental fixes is welcome.

A hurricane watch has been issued for coastal Louisiana and Mississippi as Hurricane Ida begins making its way through the Gulf of Mexico toward the U.S. Ida could reach the northern Gulf Coast by Tuesday.

TransCanada Corp. , the nationa s largest natural-gas pipeline operator, said third-quarter profit fell 12 percent on lower power prices and volumes.

The Obama administration should bar a $1.5 billion wind-farm project in Texas from receiving U.S. government stimulus funds because most of the power turbines would be made in China, Senator Charles Schumer said.

Crude prices settled above 80 U.S. dollars a barrel on Wednesday as crude inventories dropped and the dollar weakened against a basket of currencies.

New York - Ford Motor Co. reported a 3% increase in October US sales, led by stronger demand for cars and crossover vehicles as the automaker's US market share increased for the 13th consecutive month.

Northern counties and states, including Maine, are doing better than their Southern counterparts.

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A federal agency has announced a $200 million for a new electric system in the Carolinas and Florida.

Today is Saturday, Oct. 31, the 304th day of 2009. There are 61 days left in the year.

Canadian stocks fell for a fourth day, led by commodity-related shares, as Goldman Sachs Group Inc.

Shale gas discoveries and reserves expansion pushed up the estimated size of U.S. proven natural gas reserves last year, according to an October 29 report from the U.S. Energy Information Administration .

The Toronto stock market shot higher amid investor relief that the U.S. economy registered growth in the third quarter for the first time since the spring of 2008.

Energy prices fell Wednesday ahead of a government report that could show whether supplies of crude and gasoline are growing tighter as prices at the pump rise.

The Obama administration made gains on Tuesday in its push for U.S. financial reform, unveiling a landmark bill to tackle systemic risk in the economy and winning congressional committee approval for a measure to expose hedge funds to more government scrutiny.

Sgt. Jason Hawk and his bride met for the first time when he picked her up at a bus stop near his Army base a day before their wedding.

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Crude oil dropped for a second day as equities retreated and the dollar rebounded from a 14-month low against the euro.

By Jon Margolis, Special to the Tribune. Jon Margolis was the Tribune's chief political correspondent during Reagan's presidency.