The government is establishing its first emergency reserves of gasoline to address future fuel disruptions in the New York City area and New England like those caused by Superstorm Sandy in 2012, the Energy Department announced Friday.
Lawmakers should reauthorize the Export-Import Bank of the United States because it supports billions of dollars in projects in energy and other industries, Bank Chairman Fred Hochberg said in a visit to the Houston area Thursday.
Emergency officials say an oil train derailment in Lynchburg, Virginia underscores the fact that many departments don’t have the resources to deal with such an accident along a busy route for hauling oil.
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