The corporate tax plan President Obama outlined on Wednesday would roll back oil-and-gas industry tax breaks while promoting more development of renewable energy such as wind and solar.
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Posted on February 22, 2012 at 1:56 pm by Puneet Kollipara in
Canada,
Drilling,
Economics,
Efficiency,
Gasoline | 414
|
Gasoline prices have once again risen to the forefront of energy policy debate, resulting in a political back-and-forth among lawmakers, interest groups and the Obama administration.
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The U.S. and Mexican governments agreed Monday to cooperate on oil and gas development in waters along the nations’ maritime border in the Gulf of Mexico.
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The payroll tax cut bill that Congress approved today contained no big energy-related provisions, after speculation each side was seeking to include them in a compromise.
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The oil-and-gas industry is attacking Interior Secretary Ken Salazar’s comment that his department planned to raise royalty rates for oil and gas produced on federal lands by 50 percent.
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The Interior Department said this morning it has approved Shell Oil’s plan to respond to potential oil spills in the Chukchi Sea, bringing the company one step closer to drilling in waters off the northern coast of Alaska.
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The House of Representatives on Thursday amended an energy-transportation bill to include language setting aside 80 percent of Clean Water Act fines from the 2010 Gulf of Mexico oil spill for restoration efforts.
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Posted on February 16, 2012 at 7:06 pm by Puneet Kollipara in
Alaska,
Canada,
Drilling,
Keystone XL,
Natural Gas | 599
|
The House of Representatives on Thursday passed a bill that would expand oil-and-gas production into new areas and approve the Keystone XL pipeline. But President Obama has threatened to veto the bill, and it stands little chance of passing the Democratic-held Senate.
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A top Republican is mounting a push to strike down the Environmental Protection Agency’s new mercury and air-toxics standards for power plants.
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Oil and gas industry groups took issue with Interior Secretary Ken Salazar’s suggestion yesterday that companies would prefer a uniform national approach instead of a state-by-state approach when it comes to regulating various aspects of hydraulic fracturing.
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Posted on February 16, 2012 at 10:58 am by Puneet Kollipara in
Canada,
Keystone XL,
North America,
Oil,
Oil Sands | 645
|
Three Republican senators introduced legislation this week that would bar the administration from releasing oil from the Strategic Petroleum Reserve unless it approves the Keystone XL pipeline.
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Posted on February 16, 2012 at 8:39 am by Puneet Kollipara in
Natural Gas,
Oil,
Politics and Policy | 206
|
Lobbying is ramping up over proposed rules that would require oil, gas and mining companies listed with the Securities and Exchange Commission to disclose what they pay to nations where they extract resources for commercial purposes.
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