Plains let Line 901 run for 35 minutes after pipe ruptured in May
Plains All American Pipeline allowed Line 901 to run for 35 minutes after the pipe ruptured the morning of May 19, 2015, according to a preliminary report published on Feb. 17. Federal regulator Pipeline Hazardous Materials Safety Administration came out with a detailed timeline of the Refugio oil spill and more detail regarding Line 901’s Read More →
Venoco misses interest payment, looks to restructure debt
Venoco is looking to restructure its debt as the Refugio oil spill fallout and oil market decline has hindered operations. The Denver-based oil producer that has offices in Carpinteria has chosen not to make the $13.7 million semi-annual interest payment due Feb. 16 on its 8.875 percent senior unsecured notes as the company considers its Read More →
SBA offers tri-county crab fishermen low-interest loans
Tri-county crab fishermen impacted by the four-month fishery closure can apply for low-interest federal disaster loans, the U.S. Small Business Administration announced on Feb. 12. The SBA is offering working capital loans of up to $2 million with a 4 percent interest rate for small businesses and 2.625 percent for nonprofits with terms up to 30 Read More →
Crude-by-rail plan spurs legal debate
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Ventura County economy underperforming
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New app helps travelers reduce carbon footprint
A new app created by a Santa Barbara travel shop owner caught my eye when I walked into Vita Travel on Feb. 5 because it seems like the perfect app for eco-conscious Millennial travelers. Greg Bellowe created VitaExplorer as a way to force people to think about their impact on the environment when they travel. Read More →
Central banks losing ability to steer global economies
Upheaval in the global markets in recent months may be signaling that the era of the all-powerful central bank may be coming to an end. Evidence is mounting that central bank moves are having less and less of the desired impact on regional economies. For Exhibit A we turn to the People’s Bank of China, Read More →
