The American Petroleum Institute is taking issue with the president’s State of the Union demand to end subsidies and tax breaks for oil producers. While Obama didn’t say just which subsidies he’d cut, the industry isn’t waiting…
The Obama administration will temporarily ban the sale of new offshore oil drilling leases in the eastern Gulf of Mexico and off the Atlantic coast, Interior Department Secretary Ken Salazar said Wednesday, a policy change made…
The Obama administration will temporarily ban the sale of new offshore oil drilling leases in the eastern Gulf of Mexico and off the Atlantic coast, Interior Department Secretary Ken Salazar said Wednesday, a policy change made…
The U.S. Interior Department has accused the White House of misrepresenting scientists’ views to imply they were in favor of an oil-drilling ban. In actuality, the scientists hadn’t been asked for their opinions on whether the …
Seven companies involved in the oil and gas industries will pay the U.S. government a total of $236.5 million to settle corruption charges. An investigation by the SEC and the Justice Department alleges that the companies bribe…