The Associated Press reports that oil prices rose Thursday morning because markets are “driven by hopes that the Federal Reserve is leaning toward action to help the U.S. economy’s stalled recovery.”
The former Treasury Department official who led an outside review of federal green energy loans has donated to President Obama’s campaign since the inquiry. AP has the story. Here’s a blurb:
The campaign contributions to Mr. Obama started just weeks after Herbert M. Allison Jr., in congressional testimony in March, minimized concerns that the Energy Department was at high risk in more than $23 billion in federal loans awarded to green energy firms.