Category: Politics/Policy

Senate shuffle could put oil industry ally at top of energy panel

President Barack Obama’s reported decision to nominate Sen. Max Baucus to be the next U.S. ambassador to China sets off a chain of events that could put an oil and gas industry ally, Sen. Mary Landrieu, D-La., in charge of the Senate energy committee.  More »

Budget deal opens door to drilling in new Gulf waters

Legislation that opens the door to oil and gas drilling in international Gulf waters has cleared Congress, just in time for Mexico’s energy reforms and a Jan. 17 deadline for the U.S. to sign off on the work.  More »

Mexico’s congress certifies oil reform approval

Mexico’s federal congress has certified that 24 of the country’s 31 state legislatures have approved sweeping energy reforms that allow private companies to explore for and produce oil and gas.  More »

Report: Taxpayers not getting fair return from drilling

American taxpayers may not be getting the payout they deserve from oil and gas harvested on public lands, government investigators said Tuesday. The U.S. now charges among the lowest royalty and lease rates in the world for onshore oil and gas activity.  More »

North America to drown in oil as Mexico ends monopoly

That boom would augment a supply surge from U.S. and Canadian wells that Exxon Mobil Corp. predicts will vault North American production ahead of every OPEC member except Saudi Arabia within two years.  More »

Senator to Obama: Don’t give in to Big Oil on exports ban

Democratic Sen. Robert Menendez is warning the Obama administration not to give in to oil industry demands and lift a decades-old ban on crude exports. Menendez insists that easing the crude export ban would be “a win for Big Oil,” but would “hurt American consumers.”  More »

NY gov could delay fracking ban decision until after election

Gov. Andrew Cuomo on Monday said he would decide whether New York should allow hydraulic fracturing for natural gas by Election Day next year — maybe.  More »

Billionaire pushes California lawmakers for oil tax

Billionaire environmentalist Tom Steyer said Monday that he will launch a campaign next year urging California lawmakers to approve taxes on companies that extract oil in the state.  More »

End of Mexico’s oil monopoly near as states ratify bill

Mexico’s bill that ends a 75-year state oil monopoly will be sent to President Enrique Pena Nieto for enactment after a majority of states ratified the proposal.  More »

Coast Guard wants barges to ship fracking water

The U.S. Coast Guard wants to allow barges filled with fracking wastewater to ply the nation’s rivers on their way toward disposal. Many environmentalists are horrified, but industry groups say barge transport has its advantages  More »

Lawmakers want Keystone XL decision delayed

Roughly two dozen congressional Democrats want the Obama administration to postpone a final environmental assessment of TransCanada Corp.’s proposed Keystone XL pipeline until conflict of interest allegations surrounding that review have been resolved.  More »

Oil industry battles tax change

More than a dozen oil and gas trade groups on Friday blasted a leading Senate tax plan that takes aim at incentives long cherished by the industry.  More »