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 an Op-Ed for National Review, Florida Sen. Marco Rubio, a Republican presidential hopeful, said he would end the ban on crude oil exports, halt the Environmental Protection Agency's Clean Power Plan and leave energy regulation to the states if elected.
President Barack Obama wants Congress to pass legislation commemorating the centennial anniversary of the National Park Service, approve new infrastructure updates and set up an endowment for future projects, The Hill reports.
Rival factions in OPEC are split over whether the cartel should include oil-price forecasts in its imminent long-term strategy report, pitting Saudi Arabia and its allies, who wish to exclude price assumptions, against Iran and other members, Bloomberg reports.
The White House on Wednesday announced a set of actions aimed at supporting Alaskan communities impacted by climate change, including $17.6 million in grants for rural water infrastructure, new relocation funding and improved coordination between the state and federal governments, The Hill reports.
Shell CEO Ben van Beurden said the company's newly approved takeover of BG Group would allow it to become a "simpler and more profitable company" during a prolonged period of low oil prices, Platts reports.
Oil prices continued their downward slide Wednesday morning on news that U.S. crude stocks increased last week, Reuters reports. U.S. crude for October fell $1.93 to $43.48 per barrel, a 4.25 percent decline, while Brent crude dipped $1.51, or 3 percent, to $48.05 per barrel.
The European Union is poised to extend until March 15 a set of sanctions aimed at specific Russian and Ukrainian-separatist firms and individuals in an effort to press Russia to fully implement a ceasefire in Ukraine by the year's end, The Wall Street Journal reports.
A Dutch court ruled that a joint natural gas venture operated by Royal Dutch Shell and Exxon Mobil in the Netherlands must compensate homeowners for declining property values linked to drilling-induced earthquakes, Reuters reports.
Hitachi Ltd. is looking to expand its research into offshore wind energy and is considering development of a new manufacturing line that would produce parts for 5-megawatt systems by March 2016, Bloomberg reports.