The agency in charge of overseeing the United States' oil reserves was plagued with gross mismanagement that in at least one case allowed the companies being inspected to fill in their own audit reports, an Inspector General's report will reportedly reveal this week.
The report also found that during the tenure of President George W. Bush, from 2005 to 2007, "inspectors accepted meals, tickets to sporting events and gifts from at least one oil company while they were overseeing the industry," the Times said.
A European probe into possible oil price manipulation expanded with the investigation of a small niche...
More than 21 million acres offshore Texas will go on the auction block to energy explorers...
