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top storiesMove to natural gas vehicles accelerates The surge in U.S. natural gas production from prolific shale formations has created an abundance of the blue-burning fuel. Stocks rise after unemployment declines The report helped send the Dow Jones industrial average to a new 2011 high in early trading. Stocks pared their gains in the afternoon as oil prices hit new 30-month highs. Unemployment rate falls to 8.8 percent, 2-year low Another month of brisk hiring provided the latest sign that the economy is strengthening nearly two years after the recession ended. Still, a surprisingly large number of people who stopped looking for work during the downturn have yet to start looking again. Oil settles near $108 a barrel as jobless rate falls Benchmark crude for May delivery rose $1.22 to settle at $107.94 per barrel on the New York Mercantile Exchange latest from the associated pressBLOGS FuelFix: News and analysis on energyFuelFix Newslinks |03.24.11| Why the fail-safe failed: Conoco keeps selling. Is Anglo Suisse leaky? Oil rises for 4th day on intense Libya fighting Crude gained as much as 0.9 percent as the U.K. launched further attacks by submarine against Libyan air-defense systems.  Gasoline prices in Houston hold steady The average price of gas in Galveston and Texas City is $3.46 this week. Blowout preventer report could bring new designs The finding that an off-center pipe blocked a blowout preventer from sealing BP's Macondo well tightly enough to stop last year's oil spill may prompt renewed calls for design changes in the devices intended as the last defense against disaster. The go... ConocoPhillips is sharply expanding asset sales ConocoPhillips will sell up to $10 billion in additional assets over the next two years, significantly upping a previous target, as it steers more money to capital projects and stock buybacks, CEO James Mulva told analysts Wednesday. The Houston oil gi...
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