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Offshore drilling on town agenda


SWANSBORO — The Town of Swansboro will be the next Eastern North Carolina community to consider taking a stand against drilling off of the state’s coast. A draft resolution of offshore drilling opposition is on the agenda of tonight’s regular meeting of the Board of Commissioners. The meeting begins at 6 p.m. in the community room at the Swansboro Town ...

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OPEC to stay the course despite fears of $20 oil

A general view shows a unit of South Pars Gas field in Asalouyeh Seaport, north of Persian Gulf, Iran November 19, 2015. REUTERS/Raheb Homavandi/TIMA

LONDON/DUBAI – OPEC is determined to keep pumping oil vigorously despite the resulting financial strain even on the policy’s chief architect, Saudi Arabia, alarming weaker members who fear prices may slump further towards $20. Any policy U-turn would be possible only if large producers outside the exporters’ group, notably Russia, were to join coordinated output cuts. While Moscow may consult ...

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Oil falls as spotlight returns to growing glut


NEW YORK – Crude oil futures fell back towards $45 per barrel on Wednesday as the dollar gained and investor focus shifted back to a deep global supply glut. Brent <LCOc1> was down 57 cents at $45.55 a barrel at 1554 GMT, having touched a low of $45.11. The benchmark hit its highest since Nov. 11 at $46.50 on Tuesday ...

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Analysis finds issues with geothermal project


QUEENSBURY — Warren County leaders have pledged an official review of a second alternative energy project on county property after supervisors and citizens concluded the geothermal system at the county Municipal Center has not brought savings as promised. The 2007 project was discussed at two county board meetings last week, with a growing number of supervisors expressing concerns about the ...

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