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High lime prices giving U.S. bartenders a hangover PDF  | Print |  E-mail
Written by The Associated Press   
Tuesday, 29 April 2014 14:33

LOS ANGELES (AP) — Every time a bartender at trendy Los Angeles fusion eatery Luna Park squeezes a shot of lime into a drink these days, owner Peter Kohtz says he winces a little.

Luna Park, known for its large selection of craft cocktails, is one of thousands of restaurants from coast to coast that have fallen victim to the Great Green Citrus Crisis of 2014 — a severe shortage of limes that has meant that the fruit has skyrocketed in price in recent weeks.

A case of 200 or so fetches between $80 and $130 now, up from about $15 last year — the result of a perfect storm of circumstances from citrus disease that struck Florida in 2001 and wiped out most lime groves to the increasing reach of drug cartels to disrupt supplies in Mexico, the biggest U.S. supplier.

The cost might not seem like that big of a deal until one realizes that it's lime juice that's squeezed into every margarita, mojito or mai tai. It's also lime that's chopped up and mixed with fresh fish to create ceviche. It's lime, mixed with avocado, that makes up guacamole — a mainstay at every Mexican restaurant.

"It's just one of those things that you take for granted. You never really think about it because it's always there," said Kohtz, noting his bartenders squeeze an entire lime's worth of juice into most specialty drinks.

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Bakken oil fields mark billionth barrel of oil PDF  | Print |  E-mail
Written by JAMES MacPHERSON, Associated Press   
Tuesday, 29 April 2014 13:08

BISMARCK, N.D. (AP) — State data show that 1 billion barrels of oil have been produced from the rich Bakken shale formation in western North Dakota and eastern Montana.

Drillers first targeted the Bakken in Montana in 2000 and moved into North Dakota about five years later using advanced horizontal drilling and hydraulic fracturing techniques.

Data show that North Dakota has tallied 852 million barrels of Bakken crude, and Montana has produced about 151 million barrels.

The Bakken encompasses some 25,000 square miles in North Dakota, Montana, Saskatchewan and Manitoba. About two-thirds of the acreage is in western North Dakota.

Oklahoma-based Continental Resources is the biggest leaseholder in the Bakken. The company says two-thirds of the production from the Bakken has come in the past three years.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
SIU-Carbondale unveils $10,000 solar-powered picnic table PDF  | Print |  E-mail
Written by Associated Press   
Tuesday, 29 April 2014 13:14

CARBONDALE, Ill. (AP) — Students at Southern Illinois University in Carbondale have a solar-powered way to charge their electronic devices, just by sitting at a picnic table.

The (Carbondale) Southern Illinoisan (http://bit.ly/1m7kbKi ) reports crews last week installed the Solar Dok table made of recyclable plastics. It's equipped with an umbrella, four seats, a solar array, a 110-volt charger, a display box and two USB ports.

The table lights up at night and stores enough energy for two cloudy days.

A $3,000 device that provides solar-powered charging capabilities without the picnic table is being installed near the student center.

Michigan-based EnerFusion makes the tables at a cost of a little more than $10,000 apiece.

The charging-stations are funded by a fee students pay for environmentally projects.

___

Information from: Southern Illinoisan, http://www.southernillinoisan.com


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
Goodyear posts 1Q loss of $58M PDF  | Print |  E-mail
Written by Associated Press   
Tuesday, 29 April 2014 09:48

AKRON, Ohio (AP) — Goodyear posted a first-quarter loss of $58 million as it navigated a volatile situation in Venezuela.

The tire company's loss amounted to 23 cents per share, compared with a profit of $26 million, or 10 cents per share, in the year-ago period.

Excluding one-time items, including $132 million in charges related to the Venezuelan currency, the company turned in a profit of 56 cents per share, which was still 4 cents short of Wall Street expectations.

Revenue fell 8 percent to $4.47 billion from $4.85 billion, just shy of projections for revenue of $4.81 billion according to a poll by FactSet.

Shares of Goodyear Tire & Rubber Co., based in Akron, dropped 7 percent, to $25.27 in premarket trading.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Last Updated on Tuesday, 29 April 2014 09:54
 
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