President Obama, Vice President Joe Biden, and other security officials listen intently as they receive a status update on the mission against Osama bin Laden. Last night, Obama declared that U.S. forces had succeeded in killing bin Laden, and after spending time in U.S. custody, bin Laden's body was buried at sea. ( Flickr/whitehouse)
On Wednesday, a series of storms and tornadoes tore through the South. Alabama was hit the hardest; the death toll for the state has already risen past 200. President Obama arrived in the state this morning to survey the damage and has declared a disaster area in several counties. Above is a picture of the destruction left in the tornado's wake. ( Flickr/tabithahawk)
Yesterday marked the 41st anniversary of Earth Day. Since its creation in 1970, Earth Day has encouraged people across the globe to get involved in projects that help our environment. Above is an Earth Day volunteer planting flowers. ( Flickr/uscgd13)
In the wake of uprisings throughout the Middle East, the price of oil has spiked. Prices per barrel are hovering in the $100-level range, and consumers are having flashbacks to 2008, when the price of crude oil peaked at almost $150 a barrel. Libya has the largest proven oil reserves in Africa, but in the wake of the protests, production there has slowed considerably. On Sunday, White House Chief of Staff William Daley stated that the Obama administration would consider tapping the United States' oil reserves to alleviate some of the pressure, and many are worried it could harm the still-fragile American economy. To weigh through the uncertainty, TAP talked to Robert Scott, senior international economist and director of international programs at the Economic Policy Institute, about how the oil markets are dealing with the political uncertainty in the Middle East. So how does the unrest in Libya and the Middle East affect the oil prices? Libya provides about 2 percent of the oil in the...