Rising US Oil Clout on Show in Houston
A glance at the attendee list at one of the world's largest energy industry events in Houston this week left little question about the growing influence of the United States over global oil politics.Present: top U.S. diplomat Mike Pompeo. Absent: leading Saudi and Russian officials, and most OPEC nations.As the United States weans itself off foreign oil imports - thanks to booming domestic production - the complex web of politics and business interests…
EU Green Energy Debate Pits UK vs. Germany
Technical meetings work on national plans; Germany says must be consequences if goals not met. Britain and Germany will line up on opposite sides of a European Union green energy debate starting next month on how to meet agreed renewable fuel targets for the next decade. The 28 member states agreed climate and energy goals last October, but to make it easier to get a deal, the decision went only as far as a framework. In outline, the 2030 agreement…
US Crude Export Would Help Europe -Czech Republic
Lifting the U.S. ban on oil exports would bolster energy security in Europe by allowing countries to find alternative sources, the Czech Republic ambassador to the United States told lawmakers considering a bill to do away with the trade restriction. "The larger the number of stable democracies among the world's exporters, the more robust the energy security of the Czech Republic and the European Union will be," Petr Gandalovic, the ambassador told the panel the House subcommittee on Energy and Power on Thursday.
EU Energy Union Quest Complicated by Contract Secrecy
Transparency would cover intergovernmental agreements; companies say commercial sensitivities could still be at stake. BRUSSELS, March 18 (Reuters) - A push to make gas contracts agreed with countries such as Russia more transparent has pitched Poland against Germany ahead of energy talks among European Union leaders on Thursday. The Brussels summit is meant to advance progress towards a single energy union in which power and gas would flow freely across borders, reducing the bloc's reliance on Russian gas and countering Gazprom's divide-and-rule tendency.
ExxonMobil’s Sees Energy Demand Rising Steeply
Significant growth in the global middle class, expansion of emerging economies and an additional 2 billion people in the world will contribute to a 35 percent increase in energy demand by 2040, according to a new report released today by ExxonMobil. As demand increases, the world will continue to become more efficient in its energy use, according to the 2015 Outlook for Energy: A View to 2040. Without efficiency gains across economies worldwide, energy…
Easing US Oil Export Ban Unlikey to Raise Gasoline Prices
A government study on Thursday essentially supported the notion that easing the decades-old restriction on exporting U.S. crude was more likely to lower than raise gasoline prices for American motorists, a conclusion that could ease concerns among lawmakers about changing the policy. U.S. gasoline prices are mainly set by global oil prices, the Energy Information Administration said in a highly anticipated analysis. "The effect that a relaxation of current limitations on U.S. crude oil exports would have on U.S.
Ending US Oil Export Ban Would Not Raise Gasoline Prices - Study
Ending a 40-year old ban on U.S. crude oil exports would not raise domestic gasoline prices because it would put more petroleum onto global markets, where fuel prices are primarily set, a study by The Aspen Institute said on Tuesday. As the U.S. oil boom of the last six years builds an excess of light crude along the Gulf Coast refining hub, calls have risen for Congress and the Obama administration to relax the ban on shipments to global customers. The restriction was put in place in the 1970s following the Arab oil embargo.
Senior U.S., Iranian Officials To Meet In Geneva
The United States said on Saturday it will send its No. 2 diplomat to Geneva to meet senior Iranian officials on Monday and Tuesday in what appeared an effort to break a logjam in wider negotiations over Tehran's nuclear program. Deputy Secretary of State Bill Burns, who led secret U.S.-Iranian negotiations that helped bring about a Nov. 24 interim nuclear agreement between Iran and the major powers, will head a U.S. delegation. Under Secretary of State Wendy Sherman, the primary U.S.
New Legislation will Affect Maritime Community
The Associate Under Secretary for Maritime & Land Security, Transportation Security Administration, will announce new legislation affecting the maritime community at IIR's forthcoming "Seaport Security" conference to be held on June 10-12, 2002 in New Jersey. In the keynote address, Rear Admiral Bennis will outline major changes to the responsibilities of The Coast Guard, US Customs, port authorities, terminal operators and federal, state and local law enforcement, designed to ensure the security of the seaport infrastructure from terrorist attack.
