News bites: Oil production restarts, but prices still rising

Oil and gas production in the Gulf of Mexico is slowly resuming after Hurricane Isaac, The Associated Press reports. However, possible economic stimulus from the European Central Bank has pushed prices higher as speculators express optimism about demand for raw materials, notes Bloomberg.

The expansion of natural gas has revived Ohio’s economy and helped President Obama’s reelection chances there, according to Bloomberg.

The Memphis Commercial Appeal takes a look at the effect natural gas transportation fuel is having on 18-wheel truck fleets and the implementation of infrastructure to offer that fuel.

Norwegian oil giant Statoil is postponing its Arctic drilling near Alaska until 2015 at the earliest, The Houston Chronicle says.

New research claims the current pace of global warming will exacerbate extinction of various species to produce a net loss of biodiversity, writes the Daily Mail.