Senator Tim Kaine (D-Virginia) and Representative Rob Wittman (R-Virginia-01) announced the SHIPYARD Act to provide $21 billion to invest in the Navy’s four public shipyards, including Norfolk Naval Shipyard. The plan, announced Wednesday, would also provide $2 billion for new construction of private shipyards, and $2 billion to repair the Navy’s existing private shipyards.
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Dozens of Oil Tankers Are Hovering Around Southern California Coast with Nowhere to Go
The U.S. Coast Guard is monitoring a situation in which dozens of oil tanker vessels are floating around the Southern California coast as they wait to dock while the country wrestles with what to do with the current glut in crude.
Read MoreUS Coast Guard Will Fine Company $40,000 A Day if it Doesn’t Clean Up its Oil Spill
by Tim Pearce The U.S. Coast Guard has ordered a U.S. energy company to plug a 14-year-old offshore oil leak or face a rolling fine of $40,000 a day, The Washington Post reported. Taylor Energy must “institute a … system to capture, contain, or remove oil” from its former…
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