<![CDATA[We’re about to get a major energy boost in the United States, despite the best efforts of Democrats to stop it. An oil and natural gas operation in the Gulf of America will be receiving a production upgrade, thanks to a Department of Energy loan, closed on Tuesday. The Department of Energy has announced the $480 million loan for Arena Energy’s Project Elkhorn, meant to upgrade and expand oil and gas production in the gulf. The upgrades are expected to add 125 million barrels of oil and 250 billion cubic feet of natural gas recovered over the course of the project.]]>
Energy Department Closes $480 Million Loan to Expand Gulf Oil Production
