Exxon Tells Iraq Wants To Quit Huge Oil Project
Exxon Mobil has officially informed Iraq's government it wants to pull out of a $50 billion oil project, telling Baghdad in a letter it has started talks with other oil companies to sell its stake, senior Iraqi officials said. … Read News
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New York Rations Gasoline; Storm Victims Still In The Dark
NEW YORK (Reuters) – New York City began rationing gasoline on Friday for the first time since the energy shortages of the 1970s, seeking to ease a fuel crisis brought on by Superstorm Sandy. The former hurricane hammered the U.S. East Coast on October 29, killing at least 120 people and causing an estimated $50 billion in damage or economic losses. It also disrupted the fuel supply chain … Read News
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Obama’s Second Term A Boon For Offshore Gas Drillers?
The big question in the energy world is: Will a second Obama term mean bad news for offshore oil drilling? … Read News
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