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99-cent gasoline foreseen as a definite possibility

By JACK WEATHERLY Ninety-nine cents for a gallon of gasoline? When was that? Back in the ’60s? How about later this year?  “I don’t think I’ve ever seen such a collapse in prices, even including the Great Recession. What we’re witnessing is easily going to go down as the great collapse in oil demand,” said Patrick DeHaan, head petroleum analyst ...

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Coronavirus rekindles oil spill memories along Gulf Coast

The spring of the coronavirus feels a lot like the summer of oil to residents along the Gulf Coast. Bars and restaurants are empty in Florida because of an invisible threat nearly a decade after the BP oil spill ravaged the region from the ocean floor up, and condominium reservations have taken a nosedive in Alabama. There’s no crude on the ...

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Mississippi Power customers to see rate decrease

Rates are going down for customers of Mississippi Power. The Mississippi Public Service Commission voted Tuesday to lower rates for customers in the state, starting with their next billing cycle, WLOX-TV reported. “The approval means a $2.48 reduction for residential customers using 1,000 kilowatt-hours of energy a month. The reduction will begin with April’s bills,” said Jeff Shepard, a spokesman ...

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Low prices, virus cited in calls to delay US oil lease sale

NEW ORLEANS — Low prices and concerns about the new coronavirus should postpone a Gulf of Mexico oil lease sale planned for Wednesday, environmental groups said Tuesday. “As prices collapse, it’s insane to move forward with this bargain basement sell-off of our public resources,” Raleigh Hoke, campaign director for the New Orleans-based coalition Healthy Gulf, said in a news release. ...

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ANALYSIS — Tax hike is one thing, bright outlook for gasoline is another

By JACK WEATHERLY A hike in Mississippi gasoline tax has been bandied about for years as a solution for much-needed improvements in the state’s roads and bridges. But it continues to draw, at best, a luke-warm response from governmental leaders. Whether the increase were to occur, the good news is that the historical price of gasoline in the state continues ...

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Oil price keeps rising as industry eyes Iran-US conflict

The global benchmark for crude oil rose above $70 a barrel on Monday for the first time in over three months, with jitters rising over the escalating military tensions between Iran and the United States. The Brent contract for oil touched a high of $70.74 a barrel, the highest since mid-September, when it briefly spiked over an attack on Saudi ...

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TVA Announces Oxford and Lafayette County as one of ten communities for Innovation Academy 

   The Oxford-Lafayette County Economic Development Foundation (EDF) is proud to announce that Oxford and Lafayette County will be one of only 10 communities taking part in the recently launched Tennessee Valley Authority (TVA) Community Innovation Academy beginning in the spring of 2020. This program is focused on economic development and dedicated to teaching those in the industry how to ...

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Entergy offers solutions for cold months ahead

By LYNN LOFTON With chilly days ahead followed by a long, hot summer, there are ways to help your home or business increase energy efficiency. Entergy Mississippi’s Entergy Solutions programs are available for residential, small business, commercial, industrial and governmental customers. Residential programs are open for all residential customers on an ongoing basis and the company begins taking applications for ...

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Nearly $226M to restore open Gulf after 2010 BP oil spill

Federal agencies have approved nearly $226 million for 18 projects to restore open ocean and marine habitats that were decimated in the Gulf of Mexico by the 2010 BP oil spill. The projects range from $52.6 million to study deep-sea habitats to $290,000 to find ways to keep sea turtles from swallowing or getting snagged on hooks or tangled in ...

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Entergy Mississippi powering up Madison County mega site

The Mississippi Public Service Commission has approved Entergy Mississippi’s construction of a $57-million substation at the Madison County Mega Site. The project, which also involves transmission upgrades, will give the industrial site a competitive edge in attracting large economic development projects. It will also increase service reliability in the fast-growing area of northwest Madison County. The Madison County Mega Site ...

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