Topic: Michelle Foss
Stricter deep-water drilling regulations mean Gulf Coast waters are likely to yield less oil this year. Energy firms may shift attention abroad.
A federal moratorium on deepwater drilling imposed after the Gulf oil spill is expiring this fall, but economists warn that oil companies may not be prepared to restore the thousands of jobs that were lost.
The US Northeast will obtain oil, gas, and nuclear energy from projects costing $16 billion. But locals fear new initiatives will lead to pollution and negative health effects.