Peanut Butter News

Full Story at CNN.com

(CNN) — Three workers were burned Tuesday when a gas line exploded in a rural area west of Pocasset, Oklahoma, according to Deputy Chief Brian Zalewski of the Chickasha, Oklahoma, fire department.

Zalewski told CNN all three workers were taken to an Oklahoma City hospital, suffering from injuries caused by burns related to the blast. Aerial images from CNN affiliate KWTV showed one person being airlifted by helicopter with what appeared to be injuries to an arm.

Full Story at msnbc.com

DARROUZETT, Texas – Two men removing clay from a pit in a remote part of the Texas Panhandle were killed when a natural gas line exploded, a sheriff said Tuesday.

The blast near Darrouzett, about 270 miles northeast of Lubbock, was the second fatal natural gas explosion in Texas in as many days. On Monday, a worker was killed when a utility crew accidentally hit and ruptured a natural gas line in rural Johnson County, about 50 miles southwest of Dallas.

Full Story atwftv.com

ORANGE COUNTY, Fla. — Mayor Buddy Dyer announced a proposed city ordinance Tuesday morning to crack down on gas stations that he said are being very misleading. The Mayor says gas stations near Orlando International Airport don’t display prices for drivers and some drivers don’t even know what they’ve paid until after they’ve filled up.

Full Story atnews.blogs.cnn.com

This company had valves that cut the gas off.  Why did BP not have the same. What did they want for oil prices to go up again and out of reach for the poor people. This company sounds like the know what they are doing.

Venezuelan government officials said Thursday they are investigating why a natural gas rig sank off the nation’s coast in the early morning hours, the state-run energy company said.

All 95 workers on board were rescued and no gas leaks were detected because safety valves cut off the flow, said the company, Petroleos de Venezuela, also known as PDVSA.

Full Story at Reuters.com

TEPCO, Japan’s largest utility, has entered a binding agreement with project partners for the purchase of 1.8 million tonnes per year (mtpy) of liquefied natural gas (LNG) for a period of 20 years, Exxon said in a statement.

The contracted volume includes the plant’s recently expanded output of 0.3 mtpy, which means all of the project’s 6.6 mtpy capacity has now been contracted, project partner Oil Search (OSH.AX) said in a separate statement.

Exxon and partners have not yet finalized two other gas sale agreements with Taiwan’s CPC Corp and Japan’s Osaka Gas Ltd 9532. ahead of a self-imposed deadline of December 8 for the project’s final investment decision.

Full Story atmoney.cnn.com

NEW YORK (CNNMoney.com) — Because oil prices have always been directly related to the strength of the economy, a recovery might have seen headlines like these:

• The recession ends: Get ready for $100 oil

• The economy roars: $140 oil, is there an end in sight?

• Everyone in China buys a Cadillac: World tapped out

But a growing number of experts are saying that you can forget all that. For the next couple of years, they say, oil prices will remain well below $100 a barrel as the economy remains fragile and efficiency measures kick in.

Full Story At

ALEXANDRIA, Va. – A former Army contractor convicted of stealing $40 million worth of fuel from a military base in Iraq is helping authorities in a global search for other suspects in the case, according to court records.

One suspect has already been arrested in the Philippines and now awaits indictment from a federal grand jury in Virginia.

Full Story At CBS News

AP) With a third contract offer rejected, some 24,000 refinery workers from the Gulf of Mexico to Montana prepared to head to the picket lines Saturday just hours before an existing labor agreement expires.

The nation’s biggest refiner, Valero Energy Corp., said it would shut down some facilities if workers strike. So did European oil company BP PLC.

Shell Oil Co., the lead negotiator for the industry, along with Exxon Mobil Corp., said its refineries would continue to make gasoline, diesel and other fuels using nonunion or replacement workers.