Mike Bloomquist, the lead counsel for the GOP majority on the House Energy and Commerce Committee, is leaving to work for lobbying firm Kountoupes Denham, with panel chair Rep. Fred Upton, R-Mich., thanking him for his contributions, The Hill reports.
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.
China processed 10.3 million barrels of oil a day in September, a record analysts -- who say companies are replenishing their stockpiles -- attribute to the drop in crude prices, The Wall Street Journal reports.
Oil prices gained early Tuesday on news of record demand in China in September. Crude increased 55 cents, bringing the U.S. benchmark to $83.26 a barrel in electronic trading on the Nymex, while in London Brent hit $85.95, Reuters reports.
Monday’s settlement for November natural gas futures on the Nymex – down 9.6 cents to $3.67 per million British thermal units – represents an 11-month low, and analysts told Platts a mild weather forecast for the month will likely reinforce the sluggish trend.
Despite recent improvements in the numbers, oil and gas firms still have more deaths from explosions and fires than any other private industry and carelessness is still a problem, according to E&E’s review of federal statistics.
Rep. Lamar Smith, R-Tex. and chair of the House Science, Space and Technology Committee, has sent a second letter to Administrator Gina McCarthy about the Environmental Protection Agency’s rule limiting carbon emissions from existing power plants, this time demanding a full cost analysis in the face of what he calls “the flaws and deficiencies in EPA’s modeling,” The Hill reports.
The reduction in the federal investment tax credit that’s due to take effect at the end of 2016 will drive a wave of consolidation that will leave six to 12 major players in the solar industry, an analyst predicted at the start of the Solar Power International conference in Las Vegas, Bloomberg reports.
Tesoro Logistics is getting into the natural gas business, picking up assets from QEP Resources in Colorado, Utah and North Dakota in a deal with a $2.5 billion price tag, the San Antonio Express-News reports.
Taking the first formal step in the process to limit strontium in drinking water, the Environmental Protection Agency has issued a preliminary determination to regulate levels of the substance and will take public comment on the matter, The Hill reports.