Energy Sector

Radioactive Water Seeps into Groundwater underneath Indian Point N.Y. Nuclear Plant

Radioactive Water Seeps into Groundwater underneath Indian Point N.Y. Nuclear PlantOn Friday, the officials of Indian Point in Buchanan reported a leak at the facility which contaminated the groundwater underneath the facility, with highly radioactive tritium.

Gov. Andrew Cuomo has called for an investigation. However, the nuclear regulators say that the health of the public is not at risk.

Recent Lundberg Survey Shows Average Price of Gas in the United States Fell 8.2 cents in Two Weeks

Recent Lundberg Survey Shows Average Price of Gas in the United States Fell 8.2 cents in Two WeeksIn the last two weeks, average gallon of gasoline prices have dropped across the United States by 8.2 cents reaching its lowest level noted in the last seven years. On Sunday a Lundberg survey released also showed that the price of regular grade gas dropped to approximately $1.82 a gallon, in the survey conducted on February 5, compared to $1.91 on January 22.

Price of Gasoline Continues to Slip in the United States

Price of Gasoline Continues to Slip in the United StatesAlthough, oil prices rose in the past week, but gas prices in the U.S continued to drop at a rate of almost half cent a day.

Countrywide, gas was least expensive in Oklahoma with Arkansas following the trend. National average remained below $2 a gallon for one month. On Monday, the average price of regular unleaded gas per gallon was $1.49 in Oklahoma and $1.58 in Arkansas.

Consumer Spending Remained Flat in December and U.S. Manufacturing Activity Slows Down

Consumer Spending Remained Flat in December and U.S. Manufacturing Activity Slows DownA strong dollar and dropping oil prices resulted in slowing manufacturing activity in the US as it contracted for the fourth consecutive month in January. Energy firms trying to cope with low oil prices have opted for huge spending cuts but now the pace of decline seems to be slowing down.

Oil Prices Slides for the Second Session as Over Supply and China’s Slowing Demand Worry the Market

Oil Prices Slides for the Second Session as Over Supply and China’s Slowing Demand Worry the MarketThere is no respite for crude prices at least not right now.

Federal Plans of Atlantic Oil Drilling Faces Opposition from Officials, Environmentalists and Residents of New Jersey

Federal Plans of Atlantic Oil Drilling Faces Opposition from Officials, Environmentalists and Residents of New JerseyIn case the federal government approves offshore oil and gas drilling in the A

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