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La Plata County losing taxes from natural gas

  Falling natural gas prices are taking a toll on La Plata County’s budget.   The county was told Tuesday it could lose more than $920,000 in property-tax revenue because of a 25 percent drop in natural gas prices last year.   The assessed value of oil and gas development in the county changes annually… Continue Reading La Plata County losing taxes from natural gas

Oil prices slip on weak retail sales

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Oil prices slipped about 1 percent to $82.55 Wednesday after weak retail sales showed continued weakness in the U.S. economy.   If consumers aren’t shopping, they aren’t likely to be driving.   The Commerce Department said Wednesday retail spending slipped 0.2 percent in May, following an identical decline in April. That’s a sign consumers are… Continue Reading Oil prices slip on weak retail sales

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Oil price falls with stocks on Europe worries

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Oil dropped Tuesday with the stock market as a surprise referendum in Greece threatened to derail a plan to bolster Europe’s banks. Benchmark crude fell $2.64, or 2.8 percent, to $90.55 per barrel in late morning trading on the New York Mercantile Exchange. In London, Brent crude lost $1.80 at $107.76. Prices dropped after Greece’s… Continue Reading Oil price falls with stocks on Europe worries

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