Category: Middle East

GOP prepares gasoline bills; Dems target taxes, speculation

Republicans plan on advancing a pair of bills that would require studies of certain oil and gasoline regulations and make increased oil and gas leasing a condition of using the Strategic Petroleum Reserve. Democrats, meanwhile, called for boosting funding for regulators to implement rules that target what they call excessive speculation in oil markets.  More »

Rep. Lee Terry: The Nebraska man with the Keystone XL plan

Perhaps nobody in the U.S. House of Representatives has been more outspoken in his support of the Keystone XL pipeline than Rep. Lee Terry, R-Neb. In an interview with Fuel Fix, Terry took time to discuss his ongoing plans for legislation to approve the pipeline, as well as his thoughts on Obama’s defense of the decision to reject the permit.  More »

The US and Saudi Arabia: A Renewed Partnership on Oil Markets?

On gasoline prices, President Obama is starting to learn the lesson of his predecessors. The quickest way to lower gasoline prices is by calling on Saudi Arabia. For three decades, US presidents have called on Saudi Arabia to get them out of an oil price bind. Saudi Arabia helped President Ronald Reagan get a leg […]  More »

Terrorism and Media: A Britney Spears-Like Symbiosis

Reports that the French gunman responsible for this week’s heinous terrorist crime was wearing a video camera raise disturbing new questions about the future of ongoing symbiotic links between terrorism and media. In her play Our House, the playwright Theresa Rebeck (creator of the new hit show Smash) offers a bold and possibly insightful explanation […]  More »

Democrats up calls for Obama to consider oil reserves

Democrats increased their recent calls for President Obama to release oil from the Strategic Petroleum Reserve, noting oil prices dropped Thursday after a report, which the White House denied, that the U.S. and Britain had agreed to release oil from their reserves.  More »

Oil output on federal lands, offshore up under Obama, data show

Oil output during the first three years of the Obama administration was 13 percent higher than from 2006 to 2008, according to new federal data, though it did decrease somewhat between 2010 and 2011.  More »

Saudi oil chief pledges to offset shortfalls

Saudi Arabia’s oil minister said Wednesday that his country and other oil exporters are ready to offset any shortfalls in supply because of market volatility — an apparent reference to showdowns with Iran over its nuclear program.  More »

Gasoline prices weighing down Obama, poll finds

Nearly two-thirds of Americans disapprove of the way President Barack Obama has handled rising gasoline prices, according to a new poll. The White House fought back with a progress report that seeks to defend Obama’s record on energy.  More »

Mullen: U.S. energy boom could shift security risk in Middle East

Former U.S. Joint Chiefs of Staff Chairman Mike Mullen said U.S. energy independence could impact security issues in the Middle East, during the CERAWeek energy conference.  More »

Syrian official defects to protest Assad crackdown

Syria’s deputy oil minister announced his defection in an online video that emerged Thursday, making him the highest ranking civilian official to abandon the regime since the uprising against President Bashar Assad erupted a year ago.  More »

CERA panel on Middle East touches on challenges for Saudi Arabia and Iran

Growing domestic energy demand could put Saudi Arabia in a bind by 2030, caused largely by oil subsidies, an expert told an audience during IHS CERA Week in Houston on Tuesday. “A lot of this is being driven in the region by the sharp growth in domestic consumption of oil,” Brad Bourland, chief economist for […]  More »

Democrats: Curb ‘excessive speculation’ to cut gas prices

Seventy Democratic lawmakers pressed the Commodity Futures Trading Commission on Monday to take action to curb oil-futures speculation they say has contributed to the rising price of gasoline.  More »

Americans spread blame for gas prices, poll finds

Americans spread the blame for rising gasoline prices among a range of causes, according to a new poll, with President Obama and the oil companies leading a crowded pack.  More »

Obama, GOP face off on gas prices in weekly addresses

President Obama and the GOP chairman of the House Natural Resources Committee squared off over gasoline prices in dueling weekly addresses that rehashed the recent back-and-forth over rising costs at the pump.  More »

Murkowski: Obama partially right on gas-price solutions

Republican Sen. Lisa Murkowski today said she agreed with President Obama that no short-term fixes exist for rising gasoline prices. But she suggested Obama’s rhetoric for more oil-and-gas production as part of an “all-of-the-above” strategy hasn’t matched his actions.  More »
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