Archive for June 18th, 2008

Congressional auditors urged the Air Force to reopen bidding for a new fleet of aerial tankers Wednesday, finding the service made "significant errors" in awarding the $35 billion contract to Northrop Grumman.

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The United States can no longer afford to put off serious energy reform, presumptive Republican presidential candidate John McCain said Wednesday, advocating such moves as building nuclear plants and increased offshore oil drilling.

Wall Street sank Wednesday - with the Dow briefly falling below 12,000 for the first time in 3 months - as oil surged in afternoon trading ahead of a key options expiration day.

This week's push for increased U.S. oil drilling, both offshore and in Alaska, is part of a longer-standing debate about the best way to solve the energy crisis - tap domestic reserves or put more emphasis on developing alternatives.

Wall Street sank Wednesday - with the Dow briefly falling below 12,000 for the first time in 3 months - as oil surged in afternoon trading ahead of a key options expiration day.

Read full story for latest details.

Read full story for latest details.