Republicans in Congress on Thursday pointed to a new Energy Department analysis of the strong economic growth in energy-producing states as fresh evidence in support of their calls for greater oil and gas drilling in federal areas.
The Energy Information Administration reported that of the six states where oil and gas development and mining accounted for more than 10 percent of their economy, all but one had stronger growth than the national average last year.
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.
The vision for Virginia’s energy future, to be made public by Gov. Terry McAuliffe Wednesday, will review the costs and benefits to the state from the Environmental Protection Agency’s rule to limit carbon emissions from existing power plants, E&E reports.
The Environmental Protection Agency, which hasn’t updated the list of chemicals it regulates at sewage plants in more than three decades, doesn’t target some 300 labelled as hazardous under the Resource Conservation and Recovery Act, a report from the EPA Inspector General says, according to The Hill.
Positive consumer spending data helped push oil prices higher early Tuesday, although benchmark crude is looking likely to rack up its largest quarterly drop in some two and a-half years. U.S. prices were 19 cents higher to $94.76 a barrel in electronic trading on the Nymex, while in London Brent gained 32 cents to $97.52, Reuters reports.
Energy market monitor Genscape has been tracking the tanker Polar Discovery, which could hold up to 784,000 barrels of crude, as it heads from Alaska to Yeosu, South Korea, FuelFix reports, having determined from a ConocoPhillips spokesman that the company has made a rare deal to sell a cargo of North Slope crude in Asia in the fourth quarter.
The U.S. imported 569,000 more barrels of crude in July than it did in June, according to data from the Energy Information Administration, which said the figures were still lower than in 2013 and also noted that for the first time, none of the imports came from Nigeria, Platts reports.
Oilfield services giant Schlumberger is having around 20 mid-level and senior managers leave Russia, people familiar with the matter told Bloomberg, in the wake of Western sanctions imposed over the Ukraine crisis.
The partnership between Qatar and Exxon Mobil in plans to export liquefied natural gas from the Golden Pass terminal in Texas is part of the Gulf nation’s strategy to maintain its status as a major player in the industry globally into the future, The New York Times reports.