1.
Teen solves centuries-old math problem
WASHINGTON, Jan. 11 (UPI) -- The fallout from a 2010 moratorium on oil and natural gas development in the U.S. waters of the Gulf of Mexico is still prevalent, an energy trade group said.
In December, the U.S. Department of the Interior's Bureau of Ocean Energy Management announced more than 20 companies submitted a total of 241 bids worth a combined amount of more than $700 million for the rights to explore about 1 million acres in the western Gulf of Mexico.
It was the first federal lease sale since the April 2010 oil spill in the Gulf of Mexico. A moratorium on drilling in the gulf was in place for much of 2010 in response to the oil spill, one of the worst in the industry.
Jack Gerard, president and chief executive officer at the American Petroleum Institute, said the moratorium is still having an impact on the economy.
A study prepared for API by Quest Offshore Resources found at least 90,000 jobs and billions of dollars were lost to slow permitting processes in the gulf.
Interior Secretary Ken Salazar said Washington had ensured offshore oil and gas development is safer than when the moratorium on deepwater exploration was lifted in late 2010.
|
|
|
|
|
|
| Additional Energy Resources Stories | |
WASHINGTON, May 25 (UPI) --
A natural gas pipeline from Iran could be considered if Tehran meets the expectations of the international community, a U.S. official suggested.
|
MCLEAN, Va., May 25 (UPI) --
Linguistic, operational, translation and management services in support of the U.S. National Media Exploitation Center are to be provided by SAIC.
|
First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
|
The photos are familiar, but the captions are not, as economic tension skips across the continent of Europe.
|
| Stories | Photos | People | Comments |
View Caption
