An environmental group and a law clinic petitioned the U.S. Securities and Exchange Commission to investigate whether Royal Dutch Shell has adequately disclosed to investors the risks of oil exploration in the harsh Arctic waters, the groups said this week.
Outside of individual's holding oil stocks, damage to the economy from the fall in oil has been pretty minimal so far. Indeed, the price cut in home heating oil and gasoline has probably outweighed the damage from lower oil prices… so far. Unfortunately, this situation may not last.
Time magazine used for its next issue an image covered by a regular citizen and aspiring photographer named Devin Allen where police force can be seen chasing a young black man. It would be a dated image if it weren´t for the validity that it recovered these past few months- and days- in the US.
The US economy all but stagnated in the first three months of the year, growing at an annual rate of just 0.2%, official figures show. The growth figure was far lower than expectations, which had forecast growth would be about 1%. Harsh winter weather for a second year dampened consumer spending, while energy companies struggling with low oil prices cut investment.
The US Federal Reserve has kept its target interest rate at a record low at the end of a two-day policy meeting in Washington, DC. The US central bank has indicated it will raise rates soon, as long as the US economy continued to grow, but the timing of the increase remains uncertain.
The state of New York is to turn off non-essential lights in state-run buildings to help birds navigate their migratory routes in spring and autumn. Migrating birds are believed to use stars to navigate but they can be disorientated by electric lights, causing them to crash into buildings.
Governor of New York Andrew Cuomo arrived in the Cuban capital on Monday heading a large delegation of business people interested in learning firsthand the Cuban reality and making contacts for future business endeavors. Cuomo was welcomed at the José Martí International Airport by Josefina Vidal, head of the USA desk at the Cuban Foreign Ministry.
The United States Energy Information Agency once again capitulated on the myth that rig counts don't matter and the productivity of wells would largely offset, leaving the industry on a continuous path to higher output. The current consensus of 500,000 B/D additional growth in 2015 US production now appears very much at risk.
The National Oceanic and Atmospheric Administration (NOAA) released the 2014 Status of U.S. Fisheries report, which indicates that the number of US fish stocks listed as overfished or subject to overfishing has dropped to an all-time low since 1997, when NOAA began tracking stock status.
The White House announced on Tuesday that President Obama intends to remove Cuba from the US government's list of nations that sponsor terrorism, eliminating a major obstacle to the restoration of diplomatic relations after decades of hostilities. The decision to remove Cuba from the list represents a crucial step in Obama’s effort to turn the page on a Cold War-era dispute.