1. OIL AND GAS:
Marshall Islands can't pay its fuel bills, official tells U.N.

UNITED NATIONS -- The Republic of the Marshall Islands announced today that it will exhaust its fuel supply by September, leaving it without electricity since its oil-burning utilities cannot pay their fuel bills. "This is a dire situation in which we may be left without electricity for the foreseeable future," Rina Tareo, a high-ranking official at the South Pacific island nation's U.N. mission, told the General Assembly. Go to story #1