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The U.S. Congress is nearing a deal on the biggest shift in the nation’s oil policy in more than a generation by allowing the world’s largest oil and gas producer to sell crude abroad.
House Speaker Paul Ryan told GOP lawmakers he expected compromise legislation to be publicly released Tuesday — a measure that would deliver victories for to both sides.
Job ads can offer a useful peek into what companies actually want to do, and corporate watchdogs routinely comb them for clues.
Lifting the ban is a top ask for GOP negotiators working on the sprawling legislation.
The EIA’s new estimates added billions of barrels to the worldwide total of shale oil reserves.
U.S. oil prices at $35 a barrel are also at their lowest point since that time, and the nationwide gasoline average could finally drop below $2 this week..
U.S. crude slipped 33 cents to $35.29 a barrel on the New York Mercantile Exchange, a slight recovery after it had fallen as low as $34.53 a barrel earlier.
Hilcorp’s plan for a 23-acre gravel island, about the size of 17.4 football fields, has drawn mixed reviews from conservationists and outright condemnation from environmentalists who believe the oil should stay in the ground.
The losses amount to about 3 percent of the combined workforce, and come on top of Shell’s previously announced plan to shed 7,500 staff and contractor positions.
The negotiations signal that Democrats are willing to consider the possibility of oil exports, a policy goal long sought by oil producers including ConocoPhillips. In return, Democrats are also seeking long-term extensions of tax breaks for renewable energy such as solar and wind.