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In a corner of what was once an orange juice plant, dozens of towering stainless steel tanks have found a new purpose: storing the raw materials and finished product of Florida's largest biodiesel factory. ...more
November 29, 2008
Biodiesel is part of an array of alternate energy sources environmentalists and others see as a way to curb global climate change and reduce the country's dependence on the Middle East and other oil-rich global hot spots. But high production costs and low commercial demand have become hurdles to making the fuels a viable alternative to oil. ...more
November 28, 2008
Southwest Airlines attributed the loss to a $247 million special accounting charge against its fuel-hedging program for the quarter, which ended Sept. 30. Those contracts are less valuable now that oil prices have plunged by nearly half since July. ...more
October 17, 2008
Southwest Airlines, the busiest carrier at Tampa International Airport, reported its first quarterly loss in more than 17 years after taking a $247 million special accounting charge on its fuel hedging program for the period ending Sept. 30. The Dallas-based airline said it achieved an operating profit for the 70th consecutive quarter, but the special charge resulted in a $120 million loss, or 22 cents a share, for the third quarter. ...more
October 16, 2008
Not long ago, the fledgling ethanol industry was the darling of investors, farmers, the federal government and a lot of Americans who liked the idea of turning corn into fuel. ...more
May 22, 2008
The U.S. Department of Energy has indicated there is an adequate fuel supply and an increased operating refinery capacity, so crude oil prices might fall this week, according to AAA Auto Club South. ...more
May 19, 2008
NASCAR is considering excluding Nextel Cup regulars from championship eligibility in its No. 2 series next year, officials confirmed Saturday. ...more
November 4, 2007
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