President Barack Obama on Tuesday said in his annual State of the Union address that he would continue his climate change and clean energy agendas, through "concrete, practical steps" that include more support for natural gas-powered manufacturing and alternative fuel vehicles.
"I’ll cut red tape to help states get those factories built, and this Congress can help by putting people to work building fueling stations that shift more cars and trucks from foreign oil to American natural gas," he said.
Senate Energy and Natural Resources Chairman Ron Wyden on Tuesday linked his concerns about natural gas exports to the propane shortage hitting consumers in the Midwest during this month's Arctic cold blasts.
Wyden, D-Ore., said at a committee hearing that he and ranking Republican Sen. Lisa Murkowski of Alaska arranged a staff briefing later in the day by the Energy Information Administration and the department's Office of Electric Delivery and Energy Reliability on the shortage and spikes in retail prices.
BOULDER, Colo. (AP) — The Colorado Oil and Gas Conservation Commission has upheld a $26,000 fine against a company embroiled in a dispute with U.S. Rep. Jared Polis after the congressman complained about drilling activities on property near his weekend retreat.
Polis says Sundance Energy had an illegal well that was too close to his property in Weld County. Inspectors found one well violated state laws requiring buffer zones.
NEW YORK (AP) — The price of oil fell below $96 a barrel Monday amid forecasts for moderating temperatures in the U.S. Northeast and anticipation for the next meeting of the U.S. central bank.
Benchmark crude for March delivery fell 92 cents to close at $95.72 a barrel on the New York Mercantile Exchange. Brent crude, used to set prices for international varieties of crude, fell $1.19 cents to $106.69 on the ICE exchange in London.
Along with oil, the prospects of a break in the deep chill that has enveloped the upper Midwest, the Northeast and parts of the South sank the price of natural gas. Futures dropped 34 cents, or 6.5 percent, to $4.85 per 1,000 cubic feet, partly reversing last week's surge above $5.
TransCanada is hoping to restore natural gas Monday night to some Manitoba customers who've been without the fuel since a pipeline explosion Saturday, the cause of which has still not been determined, CBC reports.
Bulls betting on natural gas in the long term are driving futures higher, according to a report from the Commodity Futures Trading Commission on last week's market activity, as freezing winter temperatures increase demand for the fuel, Bloomberg reports.
A cartoon advertisement by the American Petroleum Institute poking fun at the anti-Keystone XL camp of cowboys and Native Americans in Washington this week has drawn fire from some of the protest participants, FuelFix reports.
Polls released Thursday by the American Petroleum Institute and the conservative-leaning Rasmussen Reports found support among U.S. voters for construction of the Keystone XL pipeline, The Hill reports.
Lawmakers from North Dakota’s congressional delegation discussed oil train safety with Transportation Secretary Anthony Foxx as he visited the site of last year’s derailment and explosion in Casselton, The Hill reports.
A White House spokesman Wednesday night challenged a report by Rolling Stone that President Barack Obama will decide against the controversial Keystone XL pipeline project, saying on Twitter that "nobody knows" his thinking, National Journal reports.