Tyson Slocum News
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BP Plc’s Pentagon contracts have more than doubled since the year of the Gulf of Mexico oil spill, the biggest in U.S. history.
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Gary Gensler, chairman of the Commodity Futures Trading Commission, took his seat before a Senate appropriations subcommittee on May 4 to make his case for a $106 million budget increase.
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Millions of dollars in penalties slapped on some of the world’s biggest banks, including JPMorgan Chase & Co., by U.S. regulators are the result of policing powers established after the 2001 collapse of Enron Corp.
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BP Plc’s temporary ban from new U.S. government contracts is an additional stain on the British oil company’s record that may give competitors an edge in bidding for future federal work.
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The U.S. nuclear-power industry is considering a $1 billion plan that would create regional centers to store equipment for delivery to reactors within 24 hours of an emergency.
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The U.S. Federal Energy Regulatory Commission’s probe of JPMorgan Chase & Co. demonstrates a renewed focus on market manipulation as the agency beefs up its oversight of the multibillion dollar energy-trading business.
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President Barack Obama is taking credit for higher U.S. oil and gas production and lower imports, angering industry groups and Republicans who say he is working against domestic energy production.
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While the presidential election isn’t until November, it’s already clear that Mitt Romney has won over America’s oil and gas industry.
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Radiation “far below” levels that pose a risk to humans was found in milk from California and Washington, the first signs Japan’s nuclear accident is affecting U.S. food, state and federal officials said.
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The $20 billion fund for victims of BP Plc ’s oil spill may be backed by the company’s U.S. oil and gas production, an arrangement that an advocacy group called a conflict of interest for the Obama administration.
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