Oil and gas companies, closer than ever to drilling in an Alaskan wildlife refuge, want to explore another frontier: America’s coastlines.
The Atlantic and Pacific coasts and the eastern Gulf of Mexico are protected by a federal ban on new oil and natural gas extraction. But with rising worry about the country’s dependence on fuel imports and soaring prices, energy producers feel they now have a unique opportunity — and a more effective strategy — to relax or eliminate the restrictions.
Read more about the expanded search for energy in Sunday’s Business section.
sponsored Jargon is confusing, by definition. And the financial world has its own set of cryptic words.