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."
The Department of Transportation’s proposed regulation tackling oil train safety may have been dealing mostly with tank car construction, but the DOT’s Pipeline and Hazardous Materials Safety Administration is also reporting on the volatility of Bakken crude, E&E reports.
A 20 percent increase in revenue for Noble Energy in the second quarter on higher shale production wasn’t enough to sustain last year's profits, which fell 49 percent compared to the year-ago period, to $192 million, FuelFix reports, noting the company dropped $187 million on commodity derivatives.
Alberta-based Encana Corp. reported a 31 percent drop in second quarter operating profit despite an increase in its production of oil and natural-gas liquids, but CEO Doug Suttles maintains the company’s results were strong and it would stick to its strategy of shifting away from natural gas, The Wall Street Journal reports.
Repsol’s $524 million adjusted net income in the second quarter was lower than in the period a year ago but beat analysts’ expectations, Bloomberg reported, noting that output from new wells and improved margins for refining helped the company – reported to be shopping for a major acquisition – overcome problems with production in Libya.
International oilfield services company Weatherford announced a second quarter net loss of $145 million on lower revenues, although it says it has nearly completed a plan to cut 6,600 jobs, FuelFix reports.
Utilities like Pacific Gas & Electric and Sempra rank highly in the use of renewable energy and promoting energy efficiency, while Entergy and Dominion Resources are near the bottom of the list of 32 of the nation’s utilities in an analysis compiled by Ceres and Clean Edge, groups which promote sustainable energy, Forbes reports.
There will be a court-supervised bidding process involved in the restructuring of bankrupt Energy Future Holdings, according to a filing with the Securities and Exchange Commission Thursday, in which the prize will likely be the Texas transmission business Oncor, The Wall Street Journal reports.
EU governments are considering new sanctions over the Ukraine crisis to limit Russian access to capital markets, as well as energy technology and weapons, Reuters reports, noting discussions are set to continue Friday with no action expected before next week.
The Washington Post reports on problems in Pueblo, Colo., where Black Hills Power, the utility servicing local residents, moved away from coal-fired generation and Xcel, the utility that built a new coal-fired plant in the area, stopped selling power locally and people were left scrambling to cover soaring bills.