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  • The proposal would have opened up drilling sites more than 50 miles off Virginia, North and South Carolina, and Georgia to oil drilling by 2021.. Coastal communities in these states protested the administration's plan, fearing the possibility of an oil spill like the BP Horizon accident in 2010 on the U.S. Gulf Coast, and its effects on tourism and their economies.

  • March 11- The number of rigs drilling for oil and natural gas in the United States has fallen to the lowest level since at least 1940, oil services company Baker Hughes Inc said on Friday, as energy firms continued to slash activity amid the deepest energy price rout in a generation. Oil rigs RIG-OL-USA- BHI> alone fell for a 12th week in a row this week with the rig...

  • WASHINGTON, March 11- The U.S. Transportation Department and NXP Semiconductors NV are joining forces in a pilot project to use communication technology to reduce congestion and speed traffic, they said on Friday. Transportation Secretary Anthony Foxx on Saturday will announce the five finalist cities in Austin. Nearly 80 U.S. cities applied, including...

  • Bob Dudley

    Bob Dudley's total pay rose 20 percent to nearly $20 million in 2015, a year when the oil major posted a record loss as crude prices plummeted.

  • LONDON, March 4- BP Chief Executive Bob Dudley's total pay rose 20 percent to nearly $20 million in 2015, a year when the oil major settled most of its U.S. oil spill litigations but also posted a record loss as crude prices plummeted. BP has slashed thousands of jobs and sharply cut investments over the past year in the face of the market downturn, while reaching a...

  • Republicans x Democrats

    Donald Trump is the projected winner of GOP primaries in six states, and the apparent winner of another, according to NBC News.

  • March 1- In a ray of hope for oil bulls, leading U.S. shale producers are at last predicting output declines this year- a long-anticipated turning point for a market reeling from an epic supply surplus. In contrast, the U.S. Energy Information Administration is forecasting an 11 percent drop in national production outside of Alaska and the Gulf of Mexico, where...

  • March 1- For the first time in two years, U.S. oil companies are beginning to forecast stagnating, or even lower, production. According to a Reuters analysis, based on forecasts from 18 shale oil-oriented firms released over the past several weeks, oil and gas output is expected to fall 300,000 barrels or equivalent per day this year, which equates to a 5.6 percent...

  • March 1- In a ray of hope for oil bulls, leading U.S. shale producers are at last predicting output declines this year- a long-anticipated turning point for a market reeling from an epic supply surplus. In contrast, the U.S. Energy Information Administration is forecasting an 11 percent drop in national production outside of Alaska and the Gulf of Mexico, where...

  • NEW YORK, Feb 29- Moody's ratings agency on Monday downgraded Alaska's general obligation bonds to Aa1 from Aaa due to the slide in oil prices, saying it could deplete its main budgetary reserves by fiscal year 2019.. Moody's said the downgrade, which affects $744.2 million of outstanding GO debt, reflected the "heightened volatility in Alaska's revenues and the...

  • HOUSTON, Feb 26- If a crisis is a terrible thing to waste, the oil industry sees the Paris climate accord not as a death knell, but an opportunity to innovate and even grow. While the landmark emissions-reduction agreement among 195 countries late last year was seen as a defeat for fossil fuel producers, executives and oil ministers sounded a clarion call this week...

  • HOUSTON, Feb 24- Royal Dutch Shell's U.S. head Marvin Odum will step down after the company abandoned a troubled drilling project offshore Alaska, and the global oil company said on Wednesday it will split up its U.S. shale and Canadian oil sands unit. The Anglo-Dutch company said on Wednesday its shale resources unit would become part of the global upstream...

  • *Marvin Odum steps down after 34 years with Shell. Feb 24- Marvin Odum is stepping down as head of Royal Dutch Shell's U.S. operations by mutual agreement, said the Anglo-Dutch oil company, which also announced plans to scrap a major division after abandoning two big North American projects. Shell's unconventional Athabasca Oil Sands Project and the Scotford...

  • Feb 24- The U.S. Department of Agriculture will host its annual Agricultural Outlook Forum at the end of this week, where one of the most popular topics is the expectations for the upcoming U.S. corn and soybean crops. Absent from the agenda, however, is a summer weather outlook specific to the United States. It is too early to say with certainty what the summer weather...

  • Feb 22- When Sheikh Ali Khalifa al-Sabah of Kuwait thinks about today's plunging oil prices, his mind drifts back to the mid-1980s, when he was forced to sell some of his country's crude for as little as $5 a barrel. As Kuwait's oil minister at the time, Sheikh Ali had to sell a cargo or two at that price just to keep up cash flow to a country that depended upon oil revenues.

  • DETROIT, Feb 10- Nearly one in five vehicles on U.S. roads is in need of repair of a safety issue serious enough to be involved in a federal government recall, according to used-car history provider Carfax. The highest rates of unfixed vehicles were, in order, Texas, Mississippi, Alaska, Utah and West Virginia, Carfax said. The U.S. National Highway Traffic Safety...

  • Jogging

    A national survey reveals the well-being of each state based on residents' social life, financial standing and more.

  • Taxes

    Which state has the biggest tax bite? New Jersey? Ohio? Alaska? Click ahead to find out!

  • Raising revenue and spending money are powers reserved to Congress by the U.S. The president can propose but Congress decides. The Budget and Accounting Act of 1921 requires the president to submit a unified budget to Congress each year.

  • Democrats are making support for Flint, a poor city of mostly African Americans and Latinos near Detroit, a wider issue ahead of the November presidential election. Democratic candidates Hillary Clinton and Bernie Sanders are set to hold a presidential debate next month in Flint. Senator Lisa Murkowski, a Republican from Alaska and a co-sponsor of the bill,...