The United States is ill prepared to tackle oil spills in the Arctic, whether from drilling or vessels traveling through newly passable waterways once clogged with ice, according to a National Research Council report released Wednesday.
There is no doubt that Houston has done very well in weathering the effects of the recession, due in large part to the energy industry. Still, some economists believe the industry may be shifting into a lower gear, and unfortunately a reader this week may be one of those feeling the early effects of that perceived transition from a “boom time” state to one that is still very active but growing at a more subdued rate.
“If Keystone gets approved, then great, but the system is working fine without it,” said Robert Mark, director of research at MacDougall, MacDougall & MacTier Inc. “There’s a lot of Keystone fatigue out there.”
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