Bob Abbey News
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The Obama administration will speed permitting for oil- and natural-gas drilling on federal lands to lure more fracking and rebut Republican and industry complaints the government is blocking energy production.
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President Barack Obama’s energy policies will face a double-barreled assault this week as the Republican-controlled House holds two hearings focused on surging gasoline prices.
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The website used by the energy industry to track the chemicals employed in hydraulic fracturing won praise from the Obama administration official responsible for writing rules for oil and gas production on federal lands.
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A proposal to tap the world’s largest oil-shale deposits in the western U.S. by heating rocks until petroleum sweats out has become the latest election-year conflict over energy policy.
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The U.S. suspended shallow-water drilling in the Gulf of Mexico until oil and gas producers resubmit plans to meet revised safety and environmental rules.
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A Virginia energy official urged the U.S. government not to hinder hydraulic fracturing and horizontal drilling on federal land.
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The Obama administration proposed banning new uranium mines on 1 million acres of federal land near the Grand Canyon for the next 20 years.
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The world’s largest power plant using heat from the sun to generate electricity, a planned $6 billion project in California, won approval from U.S. Interior Secretary Ken Salazar .
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Stocks gained, sending the MSCI World Index to a two-week high, and oil rose on speculation tomorrow’s U.S. jobs report will add to evidence the U.S. economy is strengthening. The euro fell, and the Hungarian forint sank on concern the nation faces a Greece-style debt crisis.
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