Obama eyes offshore leases to boost oil supply
The Obama administration seeks to open parts of the Atlantic and Gulf of Mexico to drilling to secure vast offshore petroleum and gas reserves. Government estimates show billions of barrels and trillions of cubic feet in the Gulf and Arctic Atlantic areas under consideration for leases 2012 to 2017, with early exploratory work possible as soon as summer.
MENTIONED IN THIS ARTICLE
Associated Press
Atlantic
Gulf Mexico
Obama
U.S
Federal Minerals Management Service
Gulf of Mexico
Virginia
Florida
Arctic Ocean
Bristol Bay
Alaska
Gulf
Minerals Management Service
Lion
Arctic
Chukchi
Beaufort
Google disruption signals future problems for China users
An outage of Google's Chinese search service exposed ongoing vulnerability to the Great Firewall and government censorship. Industry executives warn the incident could push users and advertisers away as Beijing maintains tight online controls. The outage followed Google's decision to move search to Hong Kong amid censorship disputes. Ministerial comment was not immediately available.
MENTIONED IN THIS ARTICLE
Beijing
Google Inc
China
Google
Hong Kong
T.R. Harrington
Darwin Marketing
Ministry of Industry and Information Technology
Toyota sales rise 40 percent in March
Toyota reported a 40 percent March sales surge as it offered deep discounts to counter recalls affecting over 8 million vehicles worldwide. Initiatives included 0 percent financing, low-price leases and free maintenance to draw shoppers amid the recall campaign.
MENTIONED IN THIS ARTICLE
Toyota
Vnew York
U.S
Iron ore pact shifts to quarterly pricing margins
Denver AP reports new iron ore agreements between Vale BHP Billiton and Rio Tinto will set prices quarterly, aiming for flexibility. Analysts say U.S. consumer steel costs may rise slowly, as steel remains a small part of car prices and domestic supply limits impact inflation less than other factors.
MENTIONED IN THIS ARTICLE
Denver
U.S
Chelle Applebaum
Vale
BHP Billiton Ltd
Rio Tinto
John Anton
IHS Global Insight
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