Senate Kills Anti-corruption Rule for Energy Companies
The Republican-controlled Senate voted on Friday to repeal a controversial U.S. securities disclosure rule adopted by the Obama administration to curb corruption at big oil, gas and mining companies. In a 52-47 vote, the Senate approved a resolution already passed by the House of Representatives that wipes from the books a rule requiring…
Ebola Fears Hit the Maritime Market
Brazil, Argentina and the United States have tightened port entry procedures for ships that have sailed from West Africa in a bid to control the potential spread of the deadly Ebola virus. Ebola has killed more than 3,400 people in Guinea, Sierra Leone and Liberia, and its spread has become a global concern -- with worries for trade, which…
Study: Bakken Crude Safe for Rail Transport
The North Dakota Petroleum Council is set to release a study later this month adding to the number of industry voices concluding that Bakken crude oil is safe to move by rail because it is no more flammable than other crude grades. The study will show that Bakken crude is not more flammable or volatile during rail transportation than benchmark West Texas Intermediate…
U.S. To Create Gasoline Reserve In Northeast
The U.S. government will create a million-barrel gasoline reserve in the Northeast, a reaction to the aftermath of Superstorm Sandy in 2012 when motorists were left without fuel, exposing vulnerabilities in the fuel distribution network. The Energy Department said on Friday that two sites will each store 500,000 barrels of gasoline by late summer, one near New York Harbor and one in the New England region.
DOE: U.S. to Build Gasoline Reserves for Northeast States
The United States plans to increase its stores of gasoline in response to shortages in New York and other nearby states in the wake of Superstorm Sandy in late 2012, a report on Friday said. U.S. Energy Secretary Ernest Moniz is expected to announce the million-barrel, $215 million reserve build-up later on Friday, according to the New York Times.
