The Senate bill was co-sponsored by Democrat Jeanne Shaheen of New Hampshire and Republican Rob Portman of Ohio. A similar bill was defeated last year after it became enmeshed in a partisan fight over the Keystone XL oil pipeline. More »
The lawsuit in U.S. District Court of Wyoming also claims the U.S. Bureau of Land Management overstepped its statutory jurisdiction with the rules and that they conflict with the Safe Drinking Water Act. More »
In order for the U.S. to keep domestic production high and imports low, oil companies should start probing the Artic now because it takes 10 to 30 years of preparation and drilling to bring oil to market, according to a draft of the study’s executive summary obtained by the Associated Press. More »
Republicans say the new regulations, announced last week, will delay new drilling projects and take marginal lands out of production. Democratic lawmakers say the regulations are so mild that they won’t change current operating standards. More »
Light, sweet crude flowing out of the Eagle Ford would attract higher, premium prices on the world market, if those oil exports weren’t prohibited by U.S. trade policy, a Rice University study concludes. More »
Although the rule only applies to development on public and tribal lands — where there are more than 100,000 oil and gas wells today — environmentalists have argued that tough federal protections could provide inspiration for state regulators. More »
So far, most of the congressional debate on crude exports has focused on the economics of the issue, but former Amb. Carlos Pascual’s comments amplify geopolitical concerns with the longstanding trade restrictions for oil. More »
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