In a new endorsement interview with the Des Moines Register released Wednesday, President Barack Obama argues that a combination of green energy and natural gas development has produced Iowa jobs and will drive economic recovery in the battleground state.
Obama's comments don't reveal new proposals. But they show his belief that Iowans will respond positively to the energy policies that have been attacked by Republican challenger Mitt Romney as a waste of taxpayer money and a roadblock to domestic fossil fuel production.
In their final debate Monday night, President Barack Obama was unmistakably on offense, but offered few new energy policy details. Mitt Romney, on the other hand, was decidedly muted in tone but offered new insights on his plans for clean energy investment and sanctioning Iran's oil industry.
Romney made some news during a defense of his 2008 call for the Big Three automakers to go through bankruptcy without a taxpayer bailout, saying he opposes "investing" in energy sector companies. Such a position would rule out future loan guarantees.
In the final presidential debate, Republican presidential challenger Mitt Romney declared Monday night he would oppose direct government investments in clean energy and other private companies, his most forceful response yet to the Solyndra bankruptcy that cast a shadow over federal loan guarantees.
Drawing contrasts with President Barack Obama, Romney suggested his support for clean energy support would be limited to technology research and not aiding specific companies. "We're going to have to have a president, however, that doesn't think that somehow the government investing in car companies like Tesla and Fisker, making electric battery cars, this is not research, Mr. President," Romney said.
Responding to attacks that President Obama has failed to give proper attention to climate change, the Obama campaign sent an email to environmental groups noting the instances that the president has addressed the issue, The Hill reports.
The third and final debate between President Barack Obama and challenger Mitt Romney on Monday night is being billed as a foreign policy discussion, which seems natural to cause a tussle over global oil supplies and U.S. foreign oil dependence.
But with Romney focused in recent days on the attack on the U.S. consulate in Benghazi, Libya, and Obama ready to tout his record of ending the wars in Iran and Afghanistan and killing of Osama bin Laden, watch for energy to play at best a supporting role to bigger arguments.
Republicans may be joining the ranks of Democrats in calling for cuts to oil subsidies after the election, Politico reports. House Energy and Commerce Chairman Rep. Fred Upton, R-Mich., most notably argued that the subsidies should be eliminated completely.
Data from the American Wind Energy Association show that wind developers added 4,850 megawatts in new capacity last year, a strong increase from new 2013 installations, bringing total wind generation capacity to 65,875 MW, Platts reports.
Offshore wind energy development on the Eastern Seaboard is struggling as energy companies appear unwilling to invest, evidenced by Thursday's federal auction of leases off the coast of Massachusetts that drew just two bidders at around $1.50 an acre, The New York Times reports.
The sharp decline in oil prices is starting to take a toll on U.S. oil boom towns, forcing energy companies to cut staff and benefits, pressing businesses to temper plans for growth and limiting royalty payments for landowners, The Wall Street Journal reports.
Liquefied natural gas prices in Asia have fallen sharply to $7.45 per million metric British thermal units, the lowest prices since June 2010, a change that is causing some suppliers to consider altering contracts to limit losses, The Wall Street Journal reports.
Saudi Arabia's new King Salman bin Abdulaziz has already made several changes to his government, shuffling his cabinet and cutting some government agencies, but he has retained Oil Minister Ali al-Naimi, a central figure in OPEC's decision to maintain production targets, Dow Jones Business News reports.
Though 50 million smart meters have been installed in homes nationwide, U.S. energy consumers aren't moving to change consumption habits, a phenomenon The Washington Post suggests is linked to a lack of real-time access to data related to energy efficiency and financial savings.
Assisted by improved relations with the Kurdish regional government, Iraq passed a $105 billion budget based on a $56 per barrel oil price, a move Prime Minister Haider al-Abadi sees as a sign of good will as Baghdad and Kurdish forces continue to fight the Islamic State group, Reuters reports.