LA PAZ, Bolivia (AP) — Bolivian President Evo Morales is set to begin a new term that will make him the Andean nation's longest-serving leader, riding high on a wave of unprecedented growth and stability.
But as he prepares to take the oath Thursday, Morales and his countrymen face economic challenges that could quickly erode those gains and test the 55-year-old leader's popularity.
WASHINGTON (AP) — President Barack Obama is vowing to veto a Republican-backed bill that would require a decision on pipeline construction within 12 months, as well as one that would ban abortions after the first 20 weeks of pregnancy.
The White House says Obama would veto legislation requiring the Federal Energy Regulatory Commission to approve or deny applications for natural gas pipelines within 12 months. The administration says the bill would create conflicts with existing statutes and requirements.
Pennsylvania’s natural gas drilling does not pose a major risk of radiation exposure even though there is some naturally occurring in shale rock, the state’s Department of Environmental Protection determined in a study, the Pittsburgh Post-Gazette reports.
The oil and gas industry can avoid future regulation of methane from existing oil and gas wells if it cuts emissions enough, Environmental Protection Agency Administrator Gina McCarthy said Friday.
The agency and the White House this week issued a strategy to cut oil industry methane 40-to-45 percent by 2025, which includes limits on emissions from new wells and processing equipment, under a rule to be proposed this summer and finished next year.
Tioga County Commissioner Erick Coolidge told The Washington Post that the impact fee he helped initiate in Pennsylvania has raised millions of dollars for projects that can help communities cope with the effects of drilling.
The Federal Energy Regulatory Commission would have one year to consider applications for natural gas pipeline permits, under legislation introduced by Rep. Mike Pompeo, R-Kan., that’s due to be voted on in the House next week, The Hill reports.
The strategy the Obama administration unveiled Wednesday to slash emissions of methane from oil and gas production is getting predictable resistance from industry, which is opposed to planned new regulations.
But the proposal isn't being greeted with enthusiasm by environmental groups, either.
They are applauding the move to regulate methane from new wells, processing and transmission. But the green lobby contends the decision to put off direct regulation of existing sources will make it hard to reach the administration's goal of cutting emissions up to 45 percent by 2025.
WASHINGTON (AP) — The Obama administration on Wednesday announced its latest move to combat global warming, this time trying to rein in heat-trapping methane gas that escapes from oil and gas fields.
The plan relies on voluntary steps and new rules to reduce leaks from oil and gas production by 40 percent to 45 percent over the next decade. In a way, the proposal is an effort to plug what many viewed as a hole in the overall global warming strategy.
Oil prices surged 8.3 percent in Friday trading as rig data suggested a slowdown in shale oil development, with Brent crude rising $3.86 to $52.99 a barrel and U.S. crude climbing $3.71 to settle at $48.24 a barrel, Reuters reports.
A survey conducted by Reuters reports that OPEC output rose by 130,000 barrels per day in January as Angola boosted exports and Persian Gulf producers kept steady or increased output, a signal that some members plan to stay the course on maintaining output despite low oil prices.
Despite the collapse of crude oil prices last year, the latest Commerce Department report of gross domestic output showed outlays for new oil rigs and wells rose 8.9 percent in the fourth quarter of 2014, even as equipment spending across all U.S. businesses fell, Bloomberg reports.
Chevron CEO John Watson, after his company reported lower profits and announced budget cuts, voiced optimism for long-term industry prospects, saying the price of oil will have to rise above $50 per barrel to support new exploration to meet energy needs, FuelFix reports.
A new poll conducted by The New York Times, Stanford University and Resources for the Future suggests that more than two-thirds of Americans, including 48 percent of Republicans, say they consider themselves more likely to support a candidate who supports action to combat climate change.
The National Biodiesel Board in a letter to the Environmental Protection Agency voiced frustration with the agency's delayed implementation of biodiesel mandates, saying the slow movement has caused some producers to reduce staff and forced others into bankruptcy, The Hill reports.
A survey of economists by Bloomberg projects that many of the world's largest crude oil exporters like Saudi Arabia, Kuwait and Qatar could see budget surpluses take hits and slip into deficits as global oil prices remain low.
Chevron, after posting a 30 percent decrease in earnings from the previous year in the fourth quarter 2014, abandoned plans to explore for shale gas in Poland, dealing a blow to efforts to develop hydraulic fracturing and shale drilling industries in Europe, The New York Times reports.
In an interview with E&E, Rep. Cynthia Lummis, R-Wyo., vice chairwoman of the Natural Resources Committee and leader of a new Interior and EPA oversight panel, discusses her familiarity with development and ranching issues in western states and her plans to limit Obama administration regulations on public land use.