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• Category 2 Gustav plows through Caymans
Crude oil prices ended slightly lower in a volatile session as some traders feared supply disruptions and others bet the U.S. government will release supplies from the Strategic Petroleum Reserve.
• Oil industry may get first post-Katrina test
HOUSTON - Stronger moorings for production platforms. Deeper pipelines. Larger supplies of backup electricity, water and other supplies. The petroleum industry has spent vast amounts of time and money since the catastrophic hurricanes of 2005 trying ...
• Canada's oil rush fuels environmental concerns
Industry has to improve its environmental performance," Brian Maynard, a vice president of the Canadian Association of Petroleum Producers, said recently.
• Gustav may raise gas 15 cents a gallon
Fears about the storm pushed crude oil above $120 a barrel Thursday, but prices later fell into negative territory as traders bet the government will tap the Strategic Petroleum Reserve if supplies are threatened.
• Industry groups file lawsuit over polar bear rule
The American Petroleum Institute was joined by the U.S. Chamber of Commerce, the National Mining Association, the National Association of Manufacturers and the American Iron and Steel Institute in the lawsuit, which explicitly challenges three words ...