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By Kim Clark and Kim Clark,Staff Writer | October 29, 1993
Crown Central Petroleum Corp. announced yesterday that it posted its fifth consecutive quarterly loss because of slack demand and low prices.The Baltimore-based gasoline refiner and marketer said it lost $3.3 million, on sales of $455.7 million, in the three months that ended Sept. 30, a slight improvement over last year's third-quarter loss of $3.8 million, on revenue of $475.3 million.The company said profits from its approximately 400 gas stations and convenience stores continued to improve.
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BUSINESS
By Kevin Rector, The Baltimore Sun | June 12, 2014
A Houston-based company asked Maryland for a permit to ship millions of gallons of crude oil through its South Baltimore marine terminal as the nation's oil industry surges. Another company in the Fairfield industrial area began moving crude oil in recent years from tank cars hauled by locomotives onto barges for shipment to refineries or asphalt plants. While the boom in U.S. crude oil production is helping to reduce the nation's dependence on imports, the rapidly expanding domestic transport of crude by rail and barge is raising concerns after several derailments and explosions and a barge accident that spilled crude into the Mississippi River.
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BUSINESS
By J. Leffall and J. Leffall,SUN STAFF | August 12, 1998
Amoco Corp., which became part of the largest oil acquisition yesterday, has its roots in Baltimore, where petroleum pioneer and Baltimorean Louis Blaustein established American Oil Co. in 1910 and laid the foundation for an industry.More than 88 years later, British Petroleum Co. said yesterday that it will buy Amoco for $53 billion in stock and assumed debt in a deal that would create an oil colossus with $108 billion in annual revenue.The takeover would be the largest of a U.S. company by a company overseas, eclipsing the buyout of Chrysler Corp.
EXPLORE
July 17, 2013
As taken from the pages of The Aegis dated Thursday, July 18, 1963: A 1,600 mile pipeline, designed to transport petroleum, would soon cross through Harford County. Estimated costs for the construction of the Colonial Pipeline, that would stretch through 14 states from Texas to New York, would be around $350 million. The Harford County section would cross Deer Creek about 100 yards below where the stream runs under the concrete bridge on at Route 1. The pipe would be four feet underground along a 50-foot-wide right-of-way.
BUSINESS
By Kristine Henry and Kristine Henry,SUN STAFF | March 18, 2000
Crown Central Petroleum Corp.'s board of directors got more time for its decision in the battle for control of the Baltimore-based refiner. The two parties vying for the company extended their takeover offers, both of which were set to expire at 5 p.m. yesterday, through April 17. Both Rosemore Inc., a Baltimore holding company led by Henry A. Rosenberg Jr., who is also Crown's chairman, president and chief executive officer, and Apex Oil Co. Inc. of...
NEWS
By Timothy B. Wheeler and Timothy B. Wheeler,Staff Writer | October 6, 1992
The dust is flying over Maryland's latest effort to regulate the "recycling" of dirt that has been contaminated by leaking underground fuel tanks.Homeowners who have been fighting new soil-reclamation plants in places such as Baltimore and Kent counties say rules proposed recently for treating oil- and gas-soaked dirt are a good first step. But they say the proposal by the state Department of the Environment doesn't go far enough in protecting their neighborhoods from possible toxic pollution.
BUSINESS
By BLOOMBERG NEWS | July 14, 2000
WASHINGTON - Prices of U.S. imports rose in June, led almost exclusively by a jump in energy costs that is threatening to push up prices for products beyond gasoline and home heating oil. The index of imported prices increased 0.8 percent last month after rising 0.3 percent in May, the Labor Department said yesterday. Excluding petroleum, import prices were unchanged last month after falling 0.2 percent in May. "Petroleum costs are clearly an issue and they're beginning to show up" in other goods, said Joel L. Naroff, president of Naroff Economic Advisors Inc. in Holland, Pa. The Labor Department also said first-time claims for unemployment benefits rose 27,000 to 319,000 in the week ended July 8. While that is the highest in more than a year, the government noted temporary shutdowns as automakers retool assembly plants for the new model year.
NEWS
By Joe Nawrozki and Joe Nawrozki,SUN STAFF | March 11, 2003
The revitalization of Baltimore County's eastern waterfront received a boost yesterday when officials began demolishing two dilapidated buildings and announced a plan to identify areas contaminated by petroleum products. County Executive James T. Smith Jr. made the announcement at the demolition of two small vacant buildings that will be replaced by a tiny patch of green space near the headwaters of Middle River. "This is the latest stop in our ongoing road toward revitalization here on the east side," Smith said.
ENTERTAINMENT
By John R. Alden and John R. Alden,Special to the Sun | June 22, 2003
It's time to drill for oil in the Arctic National Wildlife Reserve. Yes, up there, where Alaska bumps into Canada, between the Brooks Range and the Beaufort Sea. The place where caribou and musk ox roam; where grizzly and polar bears hunt, and whales and walrus swim. That's where we should drill for oil, right now. Before you heat up the tar and begin plucking feathers off your neighborhood Canada geese, hear me out. I think we should drill for every last drop of oil we can, because until the last pool of petroleum has been tapped, Americans are not going to get serious about conservation.
NEWS
By Dallas Morning News | August 6, 1992
Military doctors reported soon after the end of the Persian Gulf War that Marines had been exposed to hazardous hydrocarbons from burning oil wells, according to military documents.Military and civilian doctors also debated the health risks of crude oil during the airwar against Iraq. A report apparently distributed to military personnel on Feb. 22, 1991 -- two days before the ground war began -- described a battlefield rife with environmental hazards and suggested precautions that military personnel could take.
FEATURES
March 14, 2013
My neighbor told me she has an emergency first-aid kit for her dog, with things like bandages, aspirin, and Benadryl inside. I'd like to make my own for my pet. What things should I have on hand for illnesses or injuries to tide us over until we could get to a veterinarian? I commend you and your neighbor for taking steps to prepare for the unexpected. As you mentioned these supplies do not take the place of a veterinary evaluation or treatment but are meant as an aid until you can get to a veterinarian.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | January 28, 2013
Mark E. Stoeckle has been named CEO of Baltimore-based Adams Express Co. and Petroleum & Resources Corp., replacing Douglas G. Ober, who last year announced his intention to retire. Stoeckle, 56, has been the chief investment officer of the U.S. Equities and Global Sector Funds for BNP Paribas Investment Partners, a Boston investment management firm. "With his outstanding record of achievement, he has the leadership ability and experience that are ideally suited to lead our portfolio management team and the companies," said Daniel E. Emerson, the lead independent director for the two companies, in a statement.
NEWS
By Frederick N. Rasmussen, The Baltimore Sun | July 23, 2012
Sylvester Paul "Butch" Bollinger, founder and CEO of Bollinger Energy Corp. who also was a volunteer at the Johns Hopkins Kimmel Cancer Center, died Thursday of cancer at Gilchrist Hospice Care. The Canton resident was 68. The son of a roofing contractor and a homemaker, Mr. Bollinger was was one of 15 siblings. He was born in Baltimore and raised on Lake Avenue. After graduating from Loyola High School in 1962, he served in the Navy for four years. He served aboard the aircraft carrier USS Essex during the Cuban missile crisis and later in Iceland as a firefighter in an emergency crash crew.
NEWS
By Andrea K. Walker, The Baltimore Sun | August 3, 2011
W.R. Grace & Co. is expanding one of its joint ventures to provide more products and services to petroleum refiners in places such as the Middle East, the Columbia-based chemical maker announced Wednesday. The joint venture, Advanced Refining Technologies, was created to develop and supply hydroprocessing catalysts to refiners. The venture is a partnership between Grace, Chevron Products Company and Kuwait Catalyst Co. Kuwait Catalyst, which provides these catalysts to the Persian Gulf region, is the largest shareholder.
NEWS
By Raven L. Hill, The Baltimore Sun | January 12, 2011
Baltimore County lost an appeal of a wrongful contract termination lawsuit brought by a former petroleum vendor in federal court Wednesday, potentially leaving the county on the hook for more than $700,000. The county attorney is reviewing the ruling, said spokeswoman Ellen Kobler. The Fourth Circuit Court of Appeals in Richmond, Va., ruled against the county in a lawsuit brought by Petroleum Traders Corp. According to the petroleum company, attorneys for the county argued that the contract with the Fort Wayne, Ind.,-based company was invalid because it had not been properly approved by local officials.
NEWS
By Frederick N. Rasmussen, The Baltimore Sun | June 22, 2010
John J. Germenko, founder of a trucking line and petroleum products company, died June 16 of kidney failure at his Ellicott City home. He was 90. Mr. Germenko was born and raised in Cokeburg, Pa., where he graduated from high school. He later moved to Catonsville with his family and enlisted in the Navy in 1942. He served as a paymaster at the Bainbridge Naval training center in Cecil County. After the end of World War II, Mr. Germenko founded Baltimore Tank Lines Inc., a petroleum and chemical trucking company, which served the Middle Atlantic states.
NEWS
By Gal Luft | September 7, 2008
No energy policy proposal has caused more acrimony or political gridlock preventing major progress toward energy security than domestic oil drilling in the Arctic National Wildlife Refuge and the Outer Continental Shelf. Liberals and environmentalists who oppose tapping into America's oil reserves in Alaska and offshore invoke the need to protect America's pristine lands and coasts. Republicans - led by Sen. John McCain and his running mate, Alaska Gov. Sarah Palin - see nature conservation as a lower priority in the face of high gasoline prices and dangerous dependence on oil coming from some of the world's worst regimes.
NEWS
By William Patalon III and William Patalon III,SUN STAFF | February 26, 1999
Crown Central Petroleum Corp. said yesterday it has hired an investment bank to devise ways to reward its long-suffering shareholders -- with the sale of all or part of the Baltimore oil company as one possibility.The disclosure was included in the company's fourth-quarter and year-end earnings report that marked the seventh time in eight years that it has finished in the red.Crown's rocky financial performance has jolted its stock, sending its Class B shares from nearly $37 in 1989 to $7 yesterday, despite the most powerful bull market in history.
NEWS
By Steve Awalt | June 14, 2010
On the evening of July 20, 1969, I was a 10-year-old camper at Camp Conoy in Calvert County, Maryland, now the site of the Calvert Cliffs nuclear energy plant. It was an auspicious night for me and the rest of my cabin-mates; bedtime was usually at 9 p.m., but this night we would be allowed to stay up later and, indeed, watch TV (the only such occasion during my days at summer camp). That evening, we huddled in the wood-frame dining hall and watched on a grainy, 12" black and white TV as Neil Armstrong took those first few steps, 100 of us staring at a now laughably tiny screen.
NEWS
By Gal Luft | April 7, 2010
Two policy announcements last week revealed the Obama administration's core strategy in addressing the nation's growing dependence on oil. On Wednesday, President Barack Obama announced that his administration would allow new oil exploration along the Atlantic Coast and in the eastern Gulf of Mexico. The following day, the administration announced new mandatory fuel efficiency standards of 35.5 mpg average within six years, up nearly 10 mpg from now. By simultaneously promoting supply-side solutions (drill baby, drill)
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