Oil prices are being pushed upwards by the impending arrival of tropical storm Gustav in the Gulf of Mexico. Gustav is projected to become “the largest hurricane in the Gulf of Mexico since Katrina”. Workers are already being evacuated from oil and gas rigs in the area, which has pushed up NYMEX oil futures past $117.
The companies responsible for a crude oil spill last october, which polluted the Taranaki coastline, appeared for sentencing in the New Plymouth District Court. For more information, click here
Numerous private contractors are helping Marathon Oil Co. to contain and clean up a massive crude oil spill from a pipeline break in eastern Wayne County. The spilled crude has a value of more than $525,000. For more information, click here
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