Oil prices stayed near a nine-month high Friday on concerns that the Iraq crisis would spread and disrupt the country's oil production. US oil prices rose 2 cents to $106.07 per barrel while Brent crude oil slipped 12 cents to $114.94.
North Dakota oil production levels hit a new high in April, according to the most recent state data. North Dakota oil now makes up more than 12 percent of all US oil production – an unfathomable scenario just a decade ago.
Crude oil prices continued their rise Friday as investors feared a spreading insurgency in Iraq would disrupt production. The violence in Iraq is centered away from major oil-producing regions, but it is still putting upward pressure on crude oil prices.
Oil prices jumped Thursday morning on fears that violence in Iraq could disrupt output. The unrest could send oil prices even higher and undermine the balanced oil supply and demand OPEC has enjoyed in recent years.
On Monday, President Barack Obama announced plans to reduce US greenhouse gas emissions by 30 percent from 2005 levels by 2030. Will these proposed cuts bring China, the world's largest CO2 emitter, to the table?
Climate change lawsuits: Farmers Insurance filed class action lawsuit last month against nearly 200 communities in the Chicago area for failing to prepare for flooding. The suits argue towns should have known climate change would produce more flooding.
Colorado derailment was relatively small: Only one tanker leaked. But one Colorado report on the derailment said that the leaking tanker carried 28,000 gallons of oil. The Union Pacific Railroad said only 6,500 gallons of oil had leaked.
The US National Climate Assessment details how climate changes are influencing health, infrastructure, water supply, agriculture and may be resulting in more frequent severe weather such as floods and droughts.
Oil prices rose 34 cents Friday after a strong jobs report, but still remain under $100 a barrel after US supplies of crude surged to a new record. In London, Brent crude oil prices closed at $108.59 a barrel.
Rancho Cucamonga fire forced the evacuation of 1,100 homes near the foothills of the San Bernardino Mountains east of Los Angeles in Southern California. Strong winds helped the Rancho Cucamonga fire spread to reach 800 acres Wednesday.
Oil train fire started after several tanker cars carrying crude oil derailed in downtown Lynchburg, Va. The oil train fire caused the evacuation of nearby buildings but no injuries have been reported, according to Lynchburg officials.
The decision caps a decades-long effort by the Environmental Protection Agency to find a legally acceptable way to ensure that states are good neighbors and don't contribute to pollution problems in downwind states.