February 2011
28th February 2011
Oil Above $99 as Libya's Oil Industry In Chaos
Oil prices jumped above $99 a barrel Monday Feb. 28, 2011 in Asia as Libya's violent power struggle continued to disrupt crude output in the OPEC nation.
Violent protests in Oman also raised fears political upheaval could impact other crude exporters.
Benchmark crude for April delivery was up $1.51 at $99.39 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose 60 cents to settle at $97.88 on Friday Feb. 26, 2011. Read more »
6th February 2011
Alaska Lawmakers Propose Ditching Pipeline Plan
Alaska lawmakers introduced legislation Friday Feb. 4, 2011 to abandon a centerpiece of former Gov. Sarah Palin's administration: a state-sanctioned effort to advance a major natural gas pipeline.
The measure sponsored by at least five Republican representatives underscored the impatience and skepticism that many lawmakers have expressed about the current process and a belief the state is no closer than it was several years ago to realizing the long-hoped-for line. Read more »
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