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."
Military veterans employed by the wind energy industry have scored meetings with a number of Republican leaders, including House Majority Leader Eric Cantor and Sen. Rob Portman, to push for the extension for a wind tax credit, The Hill reports.
House Foreign Affairs Chairman Ed Royce, R-Calif. and top Democrat Rep. Eliot Engel of New York are leading a congressional delegation to Ukraine next week, at a time when more lawmakers are pushing U.S. natural gas exports to eastern Europe and when tensions in the region are increasing, The Hill reports.
Anticipating an increase in oil demand from the latest U.S. and Chinese data, as well as continued concerns over the Ukraine crisis, benchmark crude for May delivery gained 45 cents to $104.21 in electronic trading on Nymex, while in London Brent crude was up 7 cents to $109.67 in Thursday morning trading, Reuters reports.
An official at China's Ministry of Commerce said the government “will spare no efforts” in appealing a World Trade Organization ruling that its export restrictions on rare earths violated global trade rules, The Wall Street Journal reports.
In comments filed with the Occupational Safety and Health Administration, oil companies and trade groups have argued against proposed tougher standards on oilfields, with one official with Continental Resources likening the idea to “prescribing painkillers for a paper cut,” FuelFix reports.
Recently resigned Health and Human Services Secretary Kathleen Sebelius is weighing requests from fellow Democrats to run against Republican Sen. Pat Roberts in Kansas, The New York Times reports, although it notes winning would be a tough task.
The Missouri Farm Bureau has filed with the state Public Utilities Commission opposing Clean Line Energy's application to be granted eminent domain status for a proposed route for its Grain Belt Express transmission line, which would bring wind-generated electricity from Kansas to Illinois, KQTV reports.
House Energy and Commerce Chairman Fred Upton leveled fresh criticism of President Obama’s energy policies after a report from the Congressional Research Service found that oil and gas production declined on federal leases, The Hill reports.