In 2005, the USS America aircraft carrier was towed out to sea on her final voyage. Hundreds of miles (kilometers) off the Atlantic coast, U.S. Navy personnel blasted the 40-year-old warship with missiles and bombs until it sank.
The massive Kitty-Hawk class carrier — more than three football fields long — came to rest in the briny depths about 300 nautical miles (550 kilometers) southeast of Norfolk, Virginia.
Target practice is now how the Navy gets rid of most of its old ships, an Associated Press review of Navy records for the past dozen years has found. And they wind up at the bottom of the ocean, bringing with them amounts of toxic waste that are only estimated.
If there’s one accomplishment President Obama can take credit for during his first term in office, it’s expanding the size and reach of the federal government. While this may be good for government bureaucrats, the policies and regulations imposed by the Obama Administration are hurting American businesses and impeding economic recovery. Instead of focusing on creating new jobs, the administration has instead allowed the federal government to insert itself in places it’s never been and doesn’t belong.
One prime example of this, which has largely flown under the radar, is the President’s new plan to zone and regulate our oceans. Done unilaterally through Executive Order, the President’s National Ocean Policy will change how all federal agencies regulate activities impacting the ocean and Great Lake ecosystems. Without clear statutory authority, it sets up a new level of top-down federal bureaucracy with authority over the way inland, ocean and coastal activities are managed.
This has the potential to inflict damage across a spectrum of sectors including agriculture, fishing, construction, manufacturing, mining, oil and natural gas, renewable energy, and marine commerce, among others. These industries currently support tens of millions of jobs and contribute trillions of dollars to the U.S. economy.
In an Op-Ed for National Review, Florida Sen. Marco Rubio, a Republican presidential hopeful, said he would end the ban on crude oil exports, halt the Environmental Protection Agency's Clean Power Plan and leave energy regulation to the states if elected.
President Barack Obama wants Congress to pass legislation commemorating the centennial anniversary of the National Park Service, approve new infrastructure updates and set up an endowment for future projects, The Hill reports.
Rival factions in OPEC are split over whether the cartel should include oil-price forecasts in its imminent long-term strategy report, pitting Saudi Arabia and its allies, who wish to exclude price assumptions, against Iran and other members, Bloomberg reports.
The White House on Wednesday announced a set of actions aimed at supporting Alaskan communities impacted by climate change, including $17.6 million in grants for rural water infrastructure, new relocation funding and improved coordination between the state and federal governments, The Hill reports.
Shell CEO Ben van Beurden said the company's newly approved takeover of BG Group would allow it to become a "simpler and more profitable company" during a prolonged period of low oil prices, Platts reports.
Oil prices continued their downward slide Wednesday morning on news that U.S. crude stocks increased last week, Reuters reports. U.S. crude for October fell $1.93 to $43.48 per barrel, a 4.25 percent decline, while Brent crude dipped $1.51, or 3 percent, to $48.05 per barrel.
The European Union is poised to extend until March 15 a set of sanctions aimed at specific Russian and Ukrainian-separatist firms and individuals in an effort to press Russia to fully implement a ceasefire in Ukraine by the year's end, The Wall Street Journal reports.
A Dutch court ruled that a joint natural gas venture operated by Royal Dutch Shell and Exxon Mobil in the Netherlands must compensate homeowners for declining property values linked to drilling-induced earthquakes, Reuters reports.
Hitachi Ltd. is looking to expand its research into offshore wind energy and is considering development of a new manufacturing line that would produce parts for 5-megawatt systems by March 2016, Bloomberg reports.