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Commodities Briefing - Categorized | Market Moves, Oil, Regulatory more

Oil chiefs urge offshore drilling

Posted on 26 February 2009

From AP: Executives of the biggest oil companies sought to convince lawmakers Wednesday that expanded offshore drilling will produce jobs and help the nation’s economy, although new leases in areas that have been off limits would not be issued for years.

“We can help put America on the road to economic recovery,” said Larry Nichols, chairman of Devon Energy Corp., as the executives testified before the House Natural Resources Committee….. Full Article: Source


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