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."
Following six months of negotiations with its suppliers, Baker Hughes says starting Wednesday it will list all of the individual chemicals it uses for fracking on the industry website FracFocus, although it won’t provide information about the proportions used in its cocktails, FuelFix reports.
Enbridge Inc. anticipates it will receive approval from the State Department in mid-2015 to push capacity on its cross-border Alberta Clipper pipeline up to 800,000 barrels a day, a top executive told investors in Toronto Tuesday, The Wall Street Journal reports.
Pipeline operator Enterprise Products Partners says it’s acquiring Oiltanking Partners in a two-step, $5.8 billion dollar deal that will strengthen its midstream business, The Wall Street Journal reports, noting that the move will leave Enterprise well positioned if the U.S. shifts its ban on crude exports.
An unexpected report of lower crude stockpiles last week pushed oil up Wednesday, while an announcement from Saudi Arabia of a drop in its official price fuelled bearish sentiment. U.S. benchmark crude gained 43 cents to settle at $90.73 a barrel on the Nymex, while in London Brent crude finished down 51 cents to $94.16, Reuters reports.
A judge’s decision that Broomfield’s fracking ban doesn’t apply to Sovereign Operating Co. because of an earlier memorandum of understanding between the company and the community is a “victory for certainty and clarity,” the Colorado Oil & Gas Association said, according to the Denver Business Journal.
Virginia will appoint an energy efficiency officer to cut power consumption in state facilities by 15 percent over the next two years, according to Gov. Terry McAuliffe’s extensive four year plan released Wednesday, the Daily Press reports.
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.
“The Polar Vortex Review,” a report from the North American Electric Reliability Corp., found that last winter’s extreme cold triggered multiple equipment failures at generating stations, at one point forcing the shutdown of more than 17,700 megawatts of capacity, according to E&E.
An archive search has turned up details of Mitch McConnell’s fight against siting a coal processing facility on the Louisville riverfront back when the Republican Senator was Jefferson County Judge-Executive in the mid 1980s, The Hazard-Herald reports.