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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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Two from Fort Worth appointed by Gov. Abbott to university boards

Steve Hicks, a University of Texas System regent who has been a vocal opponent of regents who have criticized the system’s flagship campus in Austin, was reappointed to the board by Gov. Greg Abbott on Thursday. 

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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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Oil prices up in Asia ahead of weekly US data 


The Associated Press

Oil prices gained modestly Tuesday in Asia as traders awaited weekly U.S. data on crude oil and distillates stockpiles.

Benchmark U.S. crude oil for May delivery was up 62 cents to $101.06 a barrel at 0525 GMT in electronic trading on the New York Mercantile Exchange. The contract slipped 70 cents to $100.44 on Monday following reports that four Libyan oil terminals under militia control could soon open, possibly boosting global supplies.

Brent crude, used to set prices for international varieties of oil, rose 31 cents to $106.13 on the ICE exchange in London. It fell 90 cents on Monday to $105.82.

Under a deal reached late Sunday, the Libyan militia would hand over terminals it captured and shut down last summer to demand a share in oil revenues, costing Libya billions of dollars in lost export trade.

U.S. crude oil and distillates inventories are running at or slightly below levels a year ago.

In other energy futures trading in New York:

— Wholesale gasoline rose 0.8 cent to $2.934 a gallon.

— Natural gas rose 0.4 cent to $4.48 per 1,000 cubic feet.

— Heating oil climbed 0.5 cent to $2.896 a gallon.

 

 

 

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