After clearing a major procedural hurdle Thursday, the chamber was expected to pass the legislation authorizing Keystone XL. But the story is far from over for the legislation or the underlying TransCanada Corp. project.
The House-passed bill would give the Energy Department a 30-day deadline to decide whether to grant licenses to broadly export liquefied natural gas, even as the Senate rejected a more aggressive proposal.
“The implications of lifting restrictions on exporting domestic crude are less well known to lawmakers, much less the public,” said the executives from Alon USA, Monroe Energy, PBF Energy and Philadelphia Energy Solutions.
The Obama administration’s proposal for 10 auctions of drilling rights in the Gulf of Mexico, three targeting Arctic waters and one of Atlantic acreage is alienating both environmentalists and the oil industry.
The Obama administration is poised to unveil a draft plan for selling offshore oil and gas leases that is expected to rule out auctioning drilling rights in parts of the Atlantic Ocean as well as in some Arctic waters and along the West Coast between 2017 and 2022.
The procedural vote means that the Republicans are looking at days — if not weeks — of additional debate on the bill and the dozens of amendments that have been proposed to it, including proposals involving climate change, crude exports, Arctic drilling and whether EPA employees can carry firearms.
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