Economy & Business

"The benchmark American oil price fell below the symbolic $80-a-barrel threshold on Monday, swooning to two-year lows, after Saudi Arabia aimed to shore up its dwindling exports to the United States by cutting its selling price for the American market."

"Expanded U.S. liquefied natural gas exports would mean a modest price increase for domestic consumers, but those higher costs would be outweighed by a boost to the economy, the U.S. Energy Information Administration said on Wednesday."

"Scott Kidwell, a top executive for Concho Resources Inc., came to Capitol Hill in July to urge senators to pass a bipartisan bill to expedite drilling permits on public lands."

"After Hurricane Sandy roared across the Northeastern United States, many homeowners on Long Island — even those who escaped the most damage — often lost their property insurance. The same thing happened in coastal Virginia after Hurricane Katrina, which hit hundreds of miles away along the Gulf Coast."

"Oil prices sank again on Monday, giving consumers more of a break and causing a split among OPEC leaders about what action should be taken, if any, to halt the slide."

"At the annual SXSW Eco, a conference in Austin, Texas, you'll find a lot of serious discussion of the rapid decline of the Earth's ecosystems."

"A little-known federal office that has long been a thorn in the side of regulatory reform advocates is taking center stage in the battle over a controversial water regulation."

"Toymaker will not renew current multimillion pound deal, that sees Shell-branded Lego sets sold at petrol stations, following a viral video against Arctic drilling by the green group"