Storm fears ease grip on oil prices
Oil prices slipped below 75 a barrel as Caribbean storm weakness eased supply fears. U S demand remains strong, gas prices edge up, and futures show volatility amid global tensions and weather risk.
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Sigourney to test hybrid diesel electric school bus
The Sigourney Community School District will test hybrid diesel electric buses this year along with Nevada, Iowa. ISU researchers will assess performance fuel efficiency and emissions while grants and state energy funds support the project. Pricing is about 200000 per bus with 60000 funded by districts.
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Commerce official urges U S keeps pace with technology
William Jeffrey of the National Institute of Standards and Technology told Iowa City business leaders that U S firms must continually advance to turn tech into desirable products. He noted 80 percent of global commerce relies on weights and measures and highlighted laser precision and Hall as a 2005 Nobel laureate. The tour supported Bush’s American Competitiveness Initiative and emphasized innovation over low cost.
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Mini ethanol plant maker selects Eagle Grove site
Diversified Ethanol a James Monroe Capital unit buys a former Eagle Grove school for a demonstration and research center. CEO Taylor Moffitt says test runs start in September with continuous production by October, aiming for 100 000 gallons yearly per turnkey plant. VeraSun Energy plans a 110 million gallon plant near Hartley with 39 million bushels corn input and 50 jobs.
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Jobless rate climbs to five month high in July
Labor Department data show employers added 113000 jobs in July, down from 124000 in June. Unemployment rose to 4.8 percent, blacks 9.5 percent, with real estate and home-building shedding jobs. Fed meets amid cautious hiring and inflation concerns.
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