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.
In its endorsement of President Obama published Friday, The Denver Post bashed Mitt Romney's energy plan, saying that it "runs counter to the predominant view in Colorado, which is one that balances energy and environment."
As part of its attempt to get more out of shale, BP has tapped industry veteran David Lawler, who’d worked most recently at Oklahoma-based Sandridge Energy Inc., to run a new unit devoted to its onshore business in the Lower 48 states, The Hill reports.
Obama administration policies – particularly those involving the environment – would be the target of major spending restrictions in a Republican-controlled Congress, Sen. Mitch McConnell, R-Ky. and the man who could lead a GOP-majority Senate, told Politico in an interview on his campaign bus.
Data from the Energy Information Administration showing a 4.5 million barrel decline in U.S. crude stocks last week fuelled a rise in prices as the front month contract expired. West Texas Intermediate crude for September delivery jumped $1.59 to settle at $96.07 a barrel on the New York Mercantile Exchange, the October contract gained 59 cents to close at $93.45 and in London October Brent ended 72 cents higher at $102.28, Reuters reports.
Buyers purchasing Iraqi crude that isn’t authorized for sale by the central government may be helping to finance the Islamic State extremist group, according to a statement from the country’s oil ministry, Platts reports.
Issues in Massachusetts that have stalled and possibly killed a plan agreed by New England governors to improve energy infrastructure and increase natural gas pipeline capacity in the region have left other states –- like Maine -– looking to take their own initiative, the Portland Press Herald reports.
A startup that’s looking into ways of converting methane into ethylene and gasoline – Siluria Technologies of San Francisco – has raised nearly $100 million in investment, including $30 million from an arm of oil company Saudi Aramco, FuelFix reports.
Global warming and environmental issues are becoming more and more important to Hispanic voters, according to an analysis of nine different polls that was commissioned by the Hispanic Access Foundation, National Journal reports.
Climate change will mean worsening air pollution, according to scientists interviewed by The New York Times, who call it the climate penalty and explain that more sunlight means more chemical reactions with automobile exhaust and other polluting agents to create more ozone.