Inhofe's Refinery Plan Falls
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By JIM MYERS  WASHINGTON -- The Senate rejected a proposal Wednesday by Sen. Jim Inhofe designed to streamline the permitting process for refineries and offer economic incentives to Indian tribes and communities hit by base closings to build such facilities.
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Crude oil futures slipped yesterday as Norwegian officials ordered striking oil workers back on the job, preventing any more cuts in production from the third-largest global exporter of crude.
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By STACI MATLOCK, MAP BY ALEXANDER USATINE  Plant:  Vote a victory for Navajos opposing project  A proposed tax break to help a Texas-based company build a coal- fired power plant on Navajo land south of Farmington was tripped up Monday by a New Mexico legislative committee.
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Chrysler's plan to close a plant and lay off 13,000 workers further shrinks Detroit's Big Three
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Dow Chemical Co. DOW.N on Thursday   said it will shut down a number of its plants around the world   to enhance efficiency and cut costs, including facilities in   Sarnia and Fort Saskatchewan, Canada, as well as its Porto   Marghera plant in Italy.
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ConocoPhillips said refined fuel prices failed to keep pace with gains by crude oil, narrowing profit margins on gasoline and diesel.
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It was the first fall in overall import prices, or in the cost of imported petroleum, since January.
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Governor Mitt Romney's recent move to slice $425 million from state spending will hamper the efforts of a program that has helped hundreds of small manufacturers compete, survive, and save thousands of jobs.
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Production at several alumina  refineries in Jamaica has been reduced and shipments slowed due  to damage caused by Hurricane Ivan, which battered the island  over the weekend, several companies said Tuesday.
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Crude oil futures slipped yesterday as Norwegian officials ordered striking oil workers back on the job, preventing more cuts in production from the third-largest global exporter of crude.
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The company has decided to leave the public markets.
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Plans for a London building designed by Zaha Hadid have been dropped as a result of the credit crunch that began with the subprime mortgage collapse.
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Factory output fell unexpectedly in July for the second month in a row -- the first back-to-back decline in nearly two years -- as the production of beer and pharmaceuticals plummeted.
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Alcoa Inc. AA.N on Tuesday said it  plans to declare force majeure to its customers due to a  temporary shutdown at its Jamalco refinery in Jamaica and  damage to the port from which the plant ships its alumina  caused by Hurricane Ivan.
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Plans to resume fuel storage at the Buncefield depot have been condemned by local businesses.
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The voluntary cuts in production are in response to oil prices that have fallen nearly 20 percent from their peak two months ago.
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Federal safety investigators headed for a Texas refinery on Saturday, a day after an explosion and fire shut the plant operated by leading U.S. refiner Valero Energy Corp., a government spokesman said.