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Exports from Kirkuk fields drop on power outages

  KIRKUK / Reuters Iraq’s exports from the Kirkuk oil field through an export pipeline to Turkey have dropped because of power outages, an official at state-run North Oil Co. said. Export are currently running at 100,000 barrels per day (bpd), compared with 133,000 bpd in October, the official said. The pipeline delivers crude to Turkish terminal of Ceyhan, on ...

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Obama’s offshore oil plan forces drillers to focus on Gulf of Mexico

  Bloomberg The Obama administration’s decision to forgo auctions of new oil and gas drilling rights in U.S. Arctic waters deals a blow to energy companies seeking to lock up new territory beyond the long-explored Gulf of Mexico. Interior Secretary Sally Jewell said the move, announced on Friday, strikes the right balance, by sustaining oil and gas development in the ...

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Greenspan: Why productivity growth lags in America

  Alan Greenspan, the former chairman of the Federal Reserve Board, weighed in last week on one of the pressing issues facing the Trump administration and the country — slow economic growth. Greenspan’s explanation is novel and is bound to be controversial. To preview: He blames the welfare state and overall uncertainty for the slowdown. Why should we listen to ...

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