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Click here to visit the new home of Politics Daily!ANCHORAGE, Alaska -- The federal agency overseeing offshore drilling in Alaska says the worst-case scenario for a blowout in the Chukchi Sea lease could result in a spill of more than 58 million gallons of oil into Arctic waters. That's about a quarter of the Deepwater Horizon spill, which put 206 million gallons of oil into the Gulf of Mexico. But it's far more than Shell Oil - the major leaseholder in the area - says it could handle under its response plan. When applying for exploratory permits, Shell was required to prepare for a maximum spill of 231,000 gallons per day. The company says ...
WASHINGTON -- As the high cost of gasoline takes a toll on politics and pocket books, President Barack Obama said Tuesday he is calling on major oil producers such as Saudi Arabia to increase their oil supplies to help stabilize prices, warning starkly that lack of relief would harm the global economy. "We are in a lot of conversations with the major oil producers like Saudi Arabia to let them know that it's not going to be good for them if our economy is hobbled because of high oil prices," Obama told a Detroit TV station. Joe Raedle, Getty Images President Obama is calling on an ...
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WASHINGTON -- President Barack Obama says one answer to high gasoline prices is to spend money developing renewable energy sources. "That's the key to helping families at the pump and reducing our dependence on foreign oil" in the long term, he said Saturday in his weekly radio and Internet address. Obama raises the issue of rising fuel prices during almost every public appearance and says that he understands the strain higher fuel costs are putting on some family budgets. As he has before, Obama said Saturday there is no "silver bullet" that will slash gas prices immediately. But ...
LOS ANGELES -- President Barack Obama said Thursday that the Justice Department will try to "root out" cases of fraud or manipulation in oil markets, even as Attorney General Eric Holder suggested a variety of legal reasons may be behind gasoline's surge to $4 a gallon. "We are going to make sure that no one is taking advantage of the American people for their own short-term gain," Obama said at a town-hall style meeting at a renewable energy plant in Reno, Nev. The town hall was sandwiched in between Obama's four fundraising events in California on Thursday - one in San Francisco and three ...
As the planet marks Earth Day, here's a look at some of the animals around the world facing extinction. http://xml.channel.aol.com/xmlpublisher/fetch.v2.xml?option=expand_relative_urls&dataUrlNodes=uiConfig,feedConfig,localizationConfig,entry&id=996967&pid=996966&uts=1303341683 http://www.aolcdn.com/ke/media_gallery/v1/ke_media_gallery_wrapper.swf Earth Day: Endangered Species A newly-born black rhinoceros baby named "Kiwidi" lays next to its mother "Nane" at the zoo in ...
Friday marks the 41st anniversary of Earth Day. Take a look back at the history of Earth Day in this photo gallery, starting from the very first celebration in 1970. http://xml.channel.aol.com/xmlpublisher/fetch.v2.xml?option=expand_relative_urls&dataUrlNodes=uiConfig,feedConfig,localizationConfig,entry&id=996955&pid=996954&uts=1303341874 http://www.aolcdn.com/ke/media_gallery/v1/ke_media_gallery_wrapper.swf Earth Day: A Look Back A crowd of people gather near a large ...
NEW ORLEANS -- BP on Wednesday sued the maker of the device that failed to stop last year's calamitous Gulf oil spill and the owner of the rig that exploded, alleging that negligence by both helped cause the disaster. The British company said in papers filed in federal court in New Orleans that it is suing rig owner Transocean for at least $40 billion in damages, accusing it of causing last year's deadly blowout in the Gulf of Mexico that led to the worst offshore oil spill in U.S. history. BP says every single safety system and device and well control procedure on the Deepwater Horizon rig ...
WASHINGTON -- Millions of gallons of potentially hazardous chemicals and known carcinogens were injected into wells by leading oil and gas service companies from 2005-2009, a report by three House Democrats said Saturday. The report said 29 of the chemicals injected were known-or-suspected human carcinogens. They either were regulated under the Safe Drinking Water Act as risks to human health or listed as hazardous air pollutants under the Clean Air Act. Methanol was the most widely used chemical. The substance is a hazardous air pollutant and is on the candidate list for potential ...
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