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."
Representatives of the biofuels industry have been pressing the White House not just to raise proposed 2014 renewable fuel standards, but also speed up approval of new fuels known as pathways, Reuters reports.
Ethanol stocks stood at 18.587 million barrels the week ending July 25, up 647,000 barrels to a 16-month high despite production slipping, according to the Energy Information Administration, Platts reports.
Gasoline inventories have grown, according to data from the Energy Information Administration, which sent oil prices slipping. Benchmark crude for September delivery dropped 70 cents Wednesday to close at $100.27 a barrel on the Nymex, while in London Brent crude dropped $1.21 to $106.51, Bloomberg reports.
The Bureau of Ocean Energy Management has given oil companies, environmentalists and others more time to comment on the plan for selling offshore oil and gas leases, adding on an additional 15 days, FuelFix reports.
Hess Corp., which reported a drop in second quarter earnings, also said it could spin off some midstream assets, mostly in North Dakota’s Bakken shale, into a separate company, The Wall Street Journal reports.
A new protective coating for the anode on a lithium battery – a nanosphere wall made from carbon – could possibly boost the range of an electric car to 300 miles, a development Stanford University researchers published in the journal Nature Nanotechnology, E&E reports.
At a Tuesday hearing in a Texas court, where the Kurdistan Regional Government sent a letter challenging Baghdad’s claim to a million barrels of crude aboard the tanker United Kalavyrta, Federal Magistrate Judge Nancy Johnson said the matter was better handled outside the U.S., but the oil could be unloaded and held in escrow or sold and the money held by the court until the dispute is settled, The Wall Street Journal reports.
The Environmental Protection Agency is doing well with moves to limit greenhouse gas emissions, cut water use and boost renewable energy but could do better with data quality and record keeping, a report from the EPA’s Inspector General says, according to The Hill.
There’s no mention of the environment in the ad Tom Steyer’s NextGen Climate released on Wednesday targeting Republican Senate candidate Joni Ernst in Iowa, which focuses on jobs, National Journal reports.