• In this Dec. 17, 2014 file photo, oil pump jacks work behind a natural gas flare near Watford City, N.D. Prices for coal, natural gas, oil and the fuels made from crude such as gasoline and diesel are all far less expensive than they have been in recent years, delivering big breaks for consumers and decimating energy company profits and leading to huge layoffs. (AP Photo/Eric Gay, File)

    Fire sale on stuff that burns: Oil, natural gas, coal down

    NEW YORK (AP) — These days it seems whatever can be burned to power a car, heat a home, make electricity or ship people and goods around the globe is being sold at bargain basement prices.

    Updated: 12:45 pm

  • In this Dec. 17, 2014, file photo, oil pump jacks work behind a natural gas flare near Watford City, N.D. As drivers, shippers and airlines continue to enjoy lower fuel prices, the oil industry is wrestling with layoffs and losses. (AP Photo/Eric Gay, File)

    Extended slump in oil taking toll on industry, economy

    NEW YORK (AP) — As drivers, shippers and airlines continue to enjoy lower fuel prices, the oil industry is responding to much lower profits with sharp cuts in spending and employment that are hurting economic growth.