The U.S. Interior Department Halts Future Arctic Oil Drilling

If there’s so little oil left in the region, why is Russia drilling for it? Is it yet another free gift from the Obama administration?

 

Blocking lease extensions and future sales

The Interior Department announced today it will stop selling new Arctic drilling leases for future scheduled sales, and it will not extend leases currently held by companies like Royal Dutch Shell.

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Google Takes Over Operations Of Moffett Airfield From NASA, Will Invest $200M Into The Site

After years of using Moffett Field as the home and launch pad for the private jets of Google’s founders, the company has agreed to a deal in which it will lease the airfield from NASA for the next 60 years. As part of the lease, Google will take over operations of the airfield while the U.S. government retains ownership of the land.

In a press release, NASA announced that Planetary Ventures LLC, a shell organization operated by Google for real estate deals, will contribute $1.16 billion over the course of the lease, while reducing the government agency’s maintenance and operation costs by $6.3 million annually. Continue reading