Saturday, April 3, 2010

Argentina renews claim over oil rich Falklands

April 03, 2010 — It has been 28 years since Britain and Argentina went to war over the disputed Falkland islands - known as the Malvinas by Argentines - in the South Atlantic.

Britain emerged victorious from the conflict and the islands have since grown prosperous from tourism and fishing among other things.

Now with oil companies exploring the waters surrounding the islands, tensions between the two countries are rising again.

As Argentina pays tribute to the soldiers who fell in the conflict, many people, including the president, are raising their voices against the continued British rule over the islands.

Lucia Newman reports from Buenos Aires.

Friday, April 2, 2010

Bush Admin Official: Offshore Drilling Plan By Obama An Attempt to Gain Votes for Massive Climate Bill

Wednesday, March 31, 2010
Fox News

President Obama, reversing a long-standing ban on most offshore drilling, unveiled a plan Wednesday to allow oil drilling off the Eastern seaboard and potentially the western coast of Florida.

While the plan is sure to rile environmentalists, the announcement comes just a day before the administration will please them -- and anger conservatives -- by cementing sweeping emissions and fuel economy standards that will impact U.S. auto manufacturers.

“The president is throwing a bone to Republicans in hopes that this will be his foot in the door to a massive climate change bill, and that’s not going to happen.”

Bush Admin Official: Offshore Drilling Plan By Obama An Attempt to Gain Votes for Massive Climate Bill

Wednesday, March 31, 2010
Fox News

President Obama, reversing a long-standing ban on most offshore drilling, unveiled a plan Wednesday to allow oil drilling off the Eastern seaboard and potentially the western coast of Florida.

While the plan is sure to rile environmentalists, the announcement comes just a day before the administration will please them -- and anger conservatives -- by cementing sweeping emissions and fuel economy standards that will impact U.S. auto manufacturers.

“The president is throwing a bone to Republicans in hopes that this will be his foot in the door to a massive climate change bill, and that’s not going to happen.”
OIL & GAS MARKET