Posts Tagged ‘Noble Energy’
Feds: No new drilling permits
Oil prices have been on the rise recently, with supply worries from the unrest in the Middle East pushing prices past $106 a barrel this morning, the highest in two years. Americans are feeling the sting of an average $3.50 a gallon price at the pump, with prices as high as $5 a gallon in some areas such as L.A. The Obama administration has issued contradictory statements on the high oil prices. On Friday the Obama administration appealed a judge's ruling that the Department of Interior stop holding up the application process of several deepwater drilling permits. The move effectively continues the de facto ban on deepwater drilling in the Gulf. On Sunday however, White House Chief of Staff Bill Daley said the Obama administration is considering tapping into the U.S. [...]
