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Obama calls for offshore drilling in Southeast

WASHINGTON — The Obama administration on Tuesday outlined a politically fraught plan for allowing oil and gas drilling offshore along parts of the Atlantic coast while imposing new restrictions on environmentally fragile waters off northern Alaska.

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Alliance's Hillwood Commons lands first tenant

A large title insurance, property valuation and settlement services company is the first tenant at Hillwood Commons I, an office complex at Alliance Town Center.

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Museum District: Area’s evolution creating more interaction, public spaces

Fifteen years ago if someone had shot a cannon from Fort Worth’s world-renowned museum district, nobody would have noticed, joked Lori Eklund, senior deputy director of the Amon Carter Museum of American Art. But that has changed.

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Energy Transfer Partners, Regency Energy announce $18B merger

Energy Transfer Partners LP of Dallas and Regency Energy Partners LP have entered into a definitive merger agreement.

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American Airlines' first 787 Dreamliner arrives at D/FW

American is preparing the plane to begin service sometime in the second quarter.

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Formula One leader: No clash with NASCAR in Fort Worth

The Associated Press


Formula One boss Bernie Ecclestone says his series and NASCAR won't be competing for the same motorsport fans in Texas when they hold races 190 miles apart in November.

Ecclestone dismissed on Wednesday any clash between the series, after the top executive at Texas Motor Speedway called F1 "arrogant" for scheduling the United States Grand Prix in Austin on the same weekend that his track hosts NASCAR in Fort Worth.

"I absolutely think it's foolish," said Eddie Gossage, the track president and general manager. "It's a shot fired by Formula One at NASCAR. I can't say I was surprised because Bernie Ecclestone does a lot of foolish things. The thing he unfortunately doesn't recognize is there is an 800-pound gorilla when it comes to major American motorsports. The 800-pound gorilla is NASCAR."

Texas Motor Speedway will host NASCAR's Texas 500 on Nov. 2, the same day F1 will hold its only race in the U.S. this year. Fort Worth is about a 3-hour drive from Austin.

While Gossage thought a stronger stance by the management at Circuit of the Americas would have prevented the scheduling issue, Ecclestone believed it was a non-issue.

"I've also spoken to the people that run the race at COTA and their position is that they believe the NASCAR crowd is a different crowd to Formula One, different people, different customers," Ecclestone said. "At the end of the day, they run a domestic series in America — we run a world championship."

F1 requires considerable logistical planning by the teams, he said.

"We've a small problem they (NASCAR) don't have — we have six jumbo jets to move around all our equipment, and we have to find the most sensible way to use them to do that," Ecclestone said. "We have to be efficient and bear in mind we may also encounter problems at an airport.

"There are issues that can occur, but (Gossage) and other people do not realize these things. The race prior to the one in the U.S. is in Russia, in Sochi. We've never been before, and we have to get out of there and into Austin. That is probably a lot easier than trying to get into Brazil, and then we have to get out of there (Sao Paulo) to go to Abu Dhabi."

Gossage said F1 could have found another weekend to race in the U.S.

"It's just not smart," he said. "There's 52 weeks in the year. But that was the only weekend that Formula One could make it work in Austin, Texas. Give me a break."
 

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