Interior action ordered on 2 more drilling permits (AP) – 152th Edition

2 03 2011

Gas prices are displayed at a petrol kiosk in Dal Mar, California March 1, 2011. Stocks dropped on Tuesday as investors worried that rising oil prices could choke off the economic recovery, with equities looking to keep taking their lead from oil prices in the near term. U.S. Federal Reserve Chairman Ben Bernanke said the recent surge in oil prices was unlikely to derail the economy, but his comments did little to reassure investors worried that turmoil in the Middle East could hit Saudi Arabia, the world's largest oil exporter. REUTERS/Mike Blake (UNITED STATES - Tags: BUSINESS ENERGY POLITICS)AP – The federal judge who overturned the Obama administration’s moratorium on deepwater drilling after the Gulf oil spill has ordered the administration to act on two more drilling permit applications.

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