U.S. Ingenuity Will Solve Climate Challenge: US DOE
The United States can tackle threats to the climate through technological advances as fossil fuels will remain a priority for the U.S. government and business, the assistant secretary for fossil energy said on Tuesday.The world should look to the United States' ability to reduce its emissions, the Department of Energy's…
US Offshore Drilling Takes Center Stage
U.S. lawmakers will quiz President Donald Trump’s new pick to lead the Interior Department on Thursday, focusing on the former energy and mining lobbyist’s plans to expand fossil fuels production from the United States' public lands and waters.The Interior Department, which oversees more than a fifth of the U.S. land surface from Alaska to the Gulf of Mexico…
DOE Chief Perry: OPEC Bill Could Spike Oil Prices
The United States needs to be cautious about pending legislation that would allow the Justice Department to sue OPEC and other oil producers over supply cuts because it could result in higher prices in the long term, U.S. Energy Secretary Rick Perry said on Thursday."We need to be really careful before we pass legislation that may have an impact that goes way past its intended consequences…
Bill Allowing US to Sue OPEC Drawing Renewed Interest
With oil prices hitting fresh four-year highs, long-dormant proposals to allow the United States to sue OPEC nations are getting a fresh look in Congress, though they were once considered a longshot to becoming law.A U.S. Senate subcommittee on Wednesday will hear testimony on the so-called No Oil Producing and Exporting Cartels Act…
Trump Plans to Meet Oil Industry Reps on US Biofuel Policy
U.S. President Donald Trump has agreed to meet with representatives of the oil refining industry and their legislative backers to discuss the nation's biofuels program, according to two sources briefed on the matter. The White House meeting could set the stage for negotiations over possible legislation to overhaul the U.S.
Senate Panel Set to Advance Quest for Oil in Alaska Refuge
Oil drilling in a vast Alaskan wildlife refuge could move a step closer to reality on Wednesday as a Senate panel votes to open part of the reserve coveted by conservationists. Republicans, who control Congress and the White House, have long wanted to prise open a portion of the Arctic National Wildlife Refuge on the north coast known as the 1002 area.
Refinery State Lawmakers Stump for Biofuel Meeting
Nine U.S. senators from states that have oil refineries sent a letter to President Donald Trump on Thursday urging changes to the country's biofuels policy and asking for a meeting to discuss the issue. The letter reflects growing tensions between refiners that oppose the U.S. Renewable Fuel Standard - a law requiring them…
U.S. Interior Chief Seeks Changes at U.S. Monuments
The head of the U.S. Department of the Interior urged President Donald Trump to lift restrictions on activities such as logging and mining in or to shrink the footprints of 10 national monuments, according to the Washington Post. The Post, citing a copy of the recommendations, said late on Sunday that U.S. Interior Secretary…
U.S. Biofuels Mandates Under High Stakes Scrutiny
U.S. biofuels regulations, which mandate mixing corn-based ethanol into gasoline, have lately drawn together a diverse cast of political opponents. They include an upstart gas station owners' trade group, a former Obama administration environmental adviser and billionaire activist investor Carl Icahn, who owns a refiner and served as U.S.
U.S. Military Marches on Green Energy
President Donald Trump and his top advisors have often scoffed at government support of green energy. But the largest U.S. government agency - the Department of Defense - plans to forge ahead under the new administration with a decade-long effort to convert its fuel-hungry operations to renewable power, senior military officials told Reuters.
Oil Industry Infighting Heats up as EPA Weighs Biofuels Rule Change
Oil companies showed deepening divides on the future of the U.S. biofuels program in solicited comments from the Environmental Protection Agency (EPA) over a plan sought by some refiners to shift the program's financial burden to retailers and blenders. All sides are pushing hard, seizing the opportunity to test President Donald Trump's commitment to the program.
U.S. Ethanol Production Robust as Policy Clouds Loom
U.S. ethanol producers pumped out the biofuel at a record pace last week, but higher output belies growing concern in the industry that policy changes in the United States and China could upend demand for their product. The ethanol industry in the United States has grown dramatically over the last decade as the biofuel…
Dakota Denial Dampens U.S. Pipeline Outlook
The U.S. Army's denial of an easement for the Dakota Access Pipeline, after permitting and legal obligations were followed, sets an uncertain precedent for new projects despite President-elect Donald Trump's promise to support energy infrastructure. The decision came after months of protests by the Standing Rock Sioux tribe and others who said the line could desecrate tribal grounds…
Trump Seeks Quick Exit from Climate Deal
U.S. President-elect Donald Trump is seeking quick ways to withdraw the United States from a global accord to combat climate change, a source on his transition team said, defying broad global backing for the plan to cut greenhouse gas emissions. Since Trump's election victory on Tuesday, governments ranging from China to…
Colonial Pipeline Could Reopen Gasoline Line by Saturday
Excavator hit line on Monday, triggering explosion; gasoline off highs as Colonial does not expect long outage. A major gasoline pipeline that is a crucial supply source for the U.S. East Coast could reopen as early as Saturday after an explosion in Alabama killed one worker and injured five others, Colonial Pipeline Co said on Tuesday.
U.S. Hopes to Flex Energy Muscle with Oil Reserve Makeover
The United States boasts the world's largest stash of emergency oil supplies, yet the country's ability to influence global crude markets with releases from that reserve has waned. The Obama administration hopes to fix that problem with an overhaul of the Strategic Petroleum Reserve, or SPR, and details about its plans should be revealed in coming weeks.
U.S. Will Sign Paris Agreement on Climate Change
The United States will sign the Paris Agreement on climate change this year regardless of the Supreme Court's decision to put a chunk of President Barack Obama's environmental action on hold, the U.S. climate envoy said on Tuesday. Todd Stern also said that Obama's successor, even if it is a Republican, would be unlikely…
Possible Scalia Replacement Previously Represented Exxon, Rio Tinto
One possible contender to replace Justice Antonin Scalia on the U.S. Supreme Court is an Indian-American appeals court judge, Sri Srinivasan, who has pro-business credentials and a stellar resume. If he was nominated his background may make it more politically challenging for Republicans as they plan to block anyone put forward by President Barack Obama. Srinivasan, 48, has served on the U.S.
Moeller Joins LNGL Board
Liquefied Natural Gas Limited appointed Philip D Moeller as a Non‐Executive Director of LNGL with effect from 7 December 2015. Philip is the Company’s third US‐based Non‐Executive Director following the appointments of Paul Cavicchi in October 2014 and Mike Steuert in February 2015. Former Commissioner Philip Moeller left…
IEA Sees Oil Below $80, What Could Go Wrong? Kemp
Oil prices are unlikely to rise consistently above $80 per barrel before the end of the decade, the International Energy Agency (IEA) predicted in the World Energy Outlook published on Tuesday. Slower growth in demand coupled with the transformational impact of shale on production costs and increased supplies from Iran and Iraq will ensure the market rebalances slowly and at lower prices.
