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UPDATE: Wilkie, longtime head of Sid Richardson Foundation, dies at 91

Valleau Wilkie Jr., who headed the Sid W. Richardson Foundation from 1973 to 2011, died Tuesday in Sunapee, N.H., at 91.

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Oil plunge sparks concern of real estate slowdown in U.S. energy centers including Texas

SEATTLE — The drop in oil prices to five-year lows, while helping consumers, is sparking concern that leasing and construction demand will be hurt in some of North America's best-performing markets for commercial real estate.

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As oil prices plunge, Texas eyes are on new comptroller

In January of 1983, just one month after Billy Hamilton stepped into his position as Texas’ chief revenue estimator, the state was wading in a flood of red ink that no one had seen coming. Plummeting oil prices had pushed state tax collections $100 million below the previous

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Texan among those honored as Carnegie Heroes

Winners of Carnegie Hero medals announced Monday:

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Study: Texas children living with relatives often don't receive state support

About 253,000 Texas children live with family members who are not their parents and many of those are not receiving state and federal benefits, according to a report released last week.

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Oil prices fall below $108 as Syria fears ease

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PAMELA SAMPSON, AP Business Writer

BANGKOK (AP) — The price of oil fell below $108 a barrel Friday after British lawmakers refused to approve military action against Syria, easing concerns about international intervention in the country's civil war.

Benchmark oil for October delivery was down $1.13 to $107.67 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell $1.30 to close at $108.80 a barrel on the Nymex on Thursday.

Britain's parliament on Thursday refused to go along with Prime Minister David Cameron's plan to intervene in Syria, whose government is suspected of a chemical weapons attack earlier this month that killed more than 300 civilians.

Another hurdle in forming an international coalition to undertake a military strike against Syria took place at the U.N., when Russia blocked British efforts to force a resolution approving action.

Dropping oil prices reflected the relief traders felt.

"We might see oil come off a little bit," said Stan Shamu, market strategist at IG in Melbourne, Australia. "But if the situation escalates over the weekend, that might be a different story."

Syria is not a major oil producer but a widening conflict there could affect major producers in the region or disrupt supply routes.

Brent crude, the benchmark for international crudes, fell 65 cents $114.50 a barrel on the ICE Futures exchange in London.

In other energy futures trading on Nymex:

— Heating oil lost 1 cent to $3.178 per gallon.

— Natural gas rose 2.2 cents to $3.64 per 1,000 cubic feet.

— Wholesale gasoline was down 1.4 cents at $2.916 per gallon.

 

 

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