Economy Shrinks for the First Time in Three Years
GDP contracts 1 percent For the first time in three years, the economy contracted in the first quarter due to a harsh winter according to a Reuter newswire report. However, economists say that it is rebounding and shows promise of 4 percent growth in the April-June quarter. Last Thursday the Commerce Department slashed its […]
Federal lawsuit challenges safety of railroad transport of toxic chemicals
Two train accidents, one resulting in 47 deaths, and both causing massive, fiery explosions, has put the railroad transportation of toxic chemicals under scrutiny.
Liquefied Petroleum Gas (LPG)—U.S. Supplies China
If the pump jacks and wells seen operating in an oil field near McKittrick, California are any indication, the Monterey Shale formation is on the verge of a boom using hydraulic fracturing, or fracking to extract gas and oil. Sinopec & Pillips Deal Huge finds of shale oil and gas in the U.S. resulted in […]
