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‘Drill, baby, drill’ mantra ignites optimism for energy industry
Between a sour economy, stubborn inflation, mayhem at the border, war around the world, and countless other political issues in this election cycle, there was little time to outline platforms in detail. So when it came to energy policy, President-elect Donald Trump would simply say “drill, baby, drill” and rally crowds would go wild. It’s […]
Dominion closes sale of Utah gas utility for $4.3B
Richmond-based Fortune 500 utility Dominion Energy has closed on its $4.3 billion sale of subsidiaries Questar Gas and Wexpro to Canadian pipeline and energy company Enbridge, Dominion announced Monday. Salt Lake City, Utah-based natural gas utility Questar serves more than 1.2 million customers in Utah, Wyoming and Idaho. Wexpro supplies natural gas under a cost-of-service […]
Higher gas prices are needed
The U.S. inflation rate, which reached 8.6% in May, is at its highest point in 40 years. In 1982, it was just over 6%. Since then, the U.S. inflation rate has hovered mostly in the 2% to 4% range. The inflation rate is determined by changes in the cost of a fixed basket of 80,000 […]
Davenport Energy promotes Harold Thornton to president
Chatham-based Davenport Energy Inc. has promoted Harold E. “Hal” Thornton Jr. to president, the company announced Tuesday. Thornton has been with Davenport, a provider of gas, diesel fuel propane and petroleum products, for 27 years. He was initially hired as human resources director in 1995, rising through the ranks to supervisory and management positions. Most […]
Pain beyond the pump
Ravi Patel watched as gas prices began their upward spiral and responded accordingly. To help offset fuel surcharges for deliveries, Patel, CEO of Sina Hospitality, placed larger orders for the linens, toiletries and other dry good items that his employees need to stock the Richmond-area hotels his company operates. “Kind of like everybody’s stockpile during COVID,” […]
