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The Obama oil boom
Posted by CNN: Chris Isidore on January 28th, 2015
CNN: The greatest oil boom in this nation's history has occurred during the tenure of self-proclaimed environmentalist Barack Obama. Under Obama, the steady drop in U.S. oil production which had occurred virtually unchecked since 1971 has been reversed. Crude oil production has risen every year of his administration. It has jumped 72% since he took office, producing about 3.6 million additional barrels a day during that time. Oil production has grown so much that last summer the nation caught and...
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Colorado floods: Costly and often uninsured
Posted by CNN: Chris Isidore on September 19th, 2013
CNN: The recent severe floods in Colorado could end up costing homeowners, businesses and local governments nearly $2 billion, according to Eqecat, a firm that conducts loss estimates for the insurance industry.
But unlike many other natural disasters, the firm and an insurance trade group agree that a high percentage of the losses will not be covered by insurance.
Eqecat estimates that the storm cost homeowners about $900 million in both damage and expenses associated with evacuations. Businesses...