House Energy and Commerce Committee Chairman Fred Upton, R-Mich., made fresh calls for an end to the nation's crude oil export ban but said the policy won't be lifted this year as lawmakers need time to ask the proper questions and move on legislation, Bloomberg reports.
House Energy and Commerce Committee Chairman Fred Upton, R-Mich., used the podium at an Energy Information Administration conference to call for a U.S. energy policy that focuses on taking advantage of surging energy development rather than scarcity-driven policies, The Hill reports.
House Energy and Commerce Chairman Fred Upton, R-Mich., and Rep. Tim Murphy, R-Pa., in a letter to EPA Administrator Gina McCarthy, threatened a subpoena over agency documents related to proposed limits on carbon emissions from power plants, Reuters reports.
An E&E analysis of lawmakers' Personal Financial Disclosures for 2013 found that while many sitting on energy-related committees hold a stake in energy companies, few made significant changes to their portfolios last year.
While the Senate remains tied up in partisan knots over energy bills, the Republican-led House is set this week to take up legislation highlighting their support for expanded oil drilling, natural gas exports and the Keystone XL pipeline.
The GOP push comes as lawmakers from both chambers head home Friday to face voters during a weeklong July 4th recess, and as national average gasoline prices hover near $3.70 a gallon. That relatively high price has prompted Republicans to intensify their appeals to voters on domestic energy.
Oil production from federal lands and waters rose slightly last year, but a falloff in other fossil fuel output drove total fossil energy production down by 7 percent, updated figures from the Energy Department show.
In an annual report on federal fossil fuel sales issued late Thursday, the Energy Information Administration said oil production from federal leases increased, but by less than 1 percent, to 606 million barrels.
Houston Rep. Gene Green, D-Tex., says the current process for getting international projects like pipelines approved makes no sense anymore, which is why he and Energy and Commerce chair Rep. Fred Upton, R-Mich., are pushing a bill to streamline it, FuelFix reports.
There would be a time limit on government consideration of oil pipelines that cross international borders, under a measure approved by the House Energy and Commerce Committee Thursday that chair Rep. Fred Upton, R-Mich., called "a targeted solution to lessons learned from Keystone," The Hill reports.
Moves by the Commerce Department to allow Pioneer Natural Resources Ltd. and Enterprise Products Partners LP to export lightly processed crude known as condensate are being “held without action,” sources told Reuters, which says the delay may give the agency more time to put together comprehensive guidelines.
Concerns about the shutdown of the Coffeyville refinery in Kansas after a fire pressured U.S. crude prices, benchmark WTI for September delivery dropped 70 cents to $100.97 while in London Brent crude gained on the announcement of fresh Russia sanctions, up 15 cents to $107.72, Bloomberg reports.
As violence in Libya worsens, shelling between rival militias at Tripoli airport has seen a third fuel storage tank set on fire, while the U.S. has already evacuated its embassy staff, Bloomberg reports.
Commerce Department moves to increase duties on many solar panels coming from China and Taiwan could hurt the industry in the U.S., according to warnings from Canadian companies Canadian Solar Inc. and Trina Solar Ltd., The Wall Street Journal reports.
At least six members of the Secretary of Energy Advisory Board, which makes policy recommendations to Energy Secretary Ernest Moniz, have had their financial conflicts of interest waived by the Department so that they can serve, according to documents obtained by E&E through the Freedom of Information Act.
American Electric Power Co.'s failure to reach its 2008 sales figures in the years since is an example of how utilities will have to rethink their traditional assumptions that demand for electricity will increase in the future, The Wall Street Journal reports.
Demand for drilling and production equipment is up at National Oilwell Varco and is likely to stay that way, according to chief Clay Williams, as the company reported a 17 percent gain in profit in the second quarter compared to a year earlier, FuelFix reports.
Canada’s Talisman Energy refused comment on details of its negotiations with Spanish oil giant Repsol, even as the company reported a second quarter loss of $237 million on lower gas prices and higher royalty payments, Reuters reports.
Senate Budget Committee chair Sen. Patty Murray, D-Wash., said Tuesday that long term budgets don’t reflect climate change costs, while Sens. Ron Johnson, R-Wisc., and Angus King, I-Me., debated over the impact of carbon emissions on climate change, The Hill reports.