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Massey mines cited for dozens of violations

CHARLESTON | Massey Energy Co. was cited for more than 80 safety violations uncovered in the latest round of special inspections targeting troubled mines in the United States, the federal Mine Safety and Health Administration said Monday.

The Massey citations are among 166 issued at eight mines in five states during special inspections in February, MSHA said.

The agency started the so-called impact inspections after 29 miners died in an explosion at Massey’s Upper Big Branch mine in West Virginia on April 5, 2010.

Two Massey mines in West Virginia and one each in Virginia and Kentucky accounted for more than half the violations issued nationally during impact inspections last month. MSHA also cited three non-Massey coal mines in Kentucky and Alabama and a stone quarry in Pennsylvania.

OIL

Crude dips as rebels recapture Libyan ports

NEW YORK | Oil prices slipped below $104 per barrel Monday after Libyan rebels recaptured some key oil ports and promised to resume exports. Prices, however, remain 22 percent above what they were in mid-February, when fighting in Libya squeezed off shipments that had supplied nearly 2 percent of the world’s oil.

Energy analysts said oil prices should fall as Libya gets closer to a resolution of its six-week-old crisis. Yet it’s unlikely the rebels will bring much oil back to the world market soon.

Traders remain concerned that uprisings in the Middle East will threaten more oil supplies. Protests in Yemen, Bahrain and Syria could further destabilize the region and draw OPEC heavyweights Saudi Arabia and Iran into protracted conflict, analysts said.

The concerns go beyond major oil-producing countries. Yemen produces only 0.3 percent of the world’s oil, but market prices can rise with the added dangers to crucial shipping lanes off its coast.

TWITTER

First tweeter returns as product guru

SAN FRANCISCO | Jack Dorsey, the Twitter co-founder responsible for the messaging service’s first tweet five years ago, is returning to oversee the company’s products.

Twitter is tapping into its creator’s ingenuity as it tries to build upon its popularity to make more money by selling more ads. The privately held company doesn’t disclose its finances, but research firm eMarketer Inc. estimates Twitter will bring in advertising revenue of about $150 million this year.

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