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Monthly Archives: July 2010
Gas prices are leveling off after 20-cent drop
MIAMI — An apologetic advertising campaign by BP PLC for the oil spill polluting the Gulf of Mexico is going over about as well as the tar balls and rust-colored froth washing ashore in the Florida Panhandle. The new radio, … Continue reading
US drivers will find cheaper gas
NEW YORK — Gasoline prices have tumbled almost every day this month, dropping Friday to a national average of $2.749 a gallon, according to auto club AAA, Wright Express and Oil Price Information Service. A gallon of regular unleaded is … Continue reading
BP likely rich enough to survive cost of spill
NEW YORK — BP is probably sturdy enough to survive the worst oil spill in U.S. history. But investors are shaving billions of dollars off its value with every day that crude gushes into the Gulf of Mexico. On Tuesday … Continue reading
Newsweek: Why the regulators can’t regulate
The reason you can’t give regulators (of Wall Street or Big Oil) too much ‘discretion’ is that they’ll always be outsmarted by the private sector. That’s why standards have to be spelled out in the law. A common thread runs … Continue reading
Obama: Reliance on fossil fuel must end
WASHINGTON — Seizing on a disastrous oil spill to advance a cause, President Barack Obama on Wednesday called on Congress to roll back billions of dollars in tax breaks for oil and pass a clean-energy bill that he says would … Continue reading