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Energy Markets Partly Blinded by EIA Budget Cuts

In response to deep cuts in its budget, EIA announced that it would not be able to compile and publish products like its ongoing estimates of US oil reserves. In fact, EIA will not even be able to continue its investigation of whether speculators are driving up oil prices.

"EPA: After $330M Cleanup, Libby Remains Contaminated with Asbestos"

"The potential for public exposure to dangerous levels of asbestos in the contaminated mining town of Libby [Mont.] remains a concern to federal health officials, according to preliminary results of a risk-assessment study announced Tuesday, more than a decade after cleanup operations began."

Source: Missoulian, 05/04/2011

"Report Sees Sharper Sea Rise From Arctic Melt"

"The ice of Greenland and the rest of the Arctic is melting faster than expected and could help raise global sea levels by as much as 5 feet this century, dramatically higher than earlier projections, an authoritative international assessment says."

Source: AP, 05/04/2011

"Big Oil's Big Pay Day"

"The oil giants — BP, Chevron, ConocoPhillips, Exxon Mobil, and Shell—recently released their first quarter reports. Together, the big five's profits were 38 percent higher in the first quarter of 2011 than the same period last year."

Source: Mother Jones, 05/04/2011

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