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The Calgary-based company called for a delay while a Nebraska route review is underway, a process expected to take seven months to a year.
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.
Oil processed in distillation towers is broadly okay for export, according to the new guidance document from the Commerce Department. But oils that are simply run through heater treaters are still ensnared by the 39-year-old ban on crude exports.
Republicans now have the votes they need in the House and the Senate to force President Barack Obama’s hand on the Keystone XL pipeline.
The Energy Department on Monday authorized exports from a sixth LNG export project, as pressure builds on the Obama administration to speed up approvals of plans to sell U.S. natural gas overseas.
The State Department on Friday said the Keystone XL pipeline is unlikely to dramatically boost demand for Canada’s oil sands, delivering a verdict that angered environmentalists even as it gave President Barack Obama the evidence he needs to approve the controversial project.
With the Obama administration on Wednesday approving a fourth company’s plans to sell natural gas overseas, some lawmakers and manufacturers said it’s time for the federal government to reassess the economic risks of those export approvals.
The Obama administration licensed a third company to broadly sell U.S. natural gas overseas on Wednesday, renewing fears that widespread exports of America’s bounty could spike domestic prices for the fossil fuel.
President Barack Obama on Tuesday put climate change at the center of the heated national debate over the controversial Keystone XL pipeline by insisting in a major policy speech that the project’s fate hinges on how much carbon dioxide it contributes to the atmosphere.
When President Barack Obama unveils his broad plan for combating climate change on Tuesday, he is expected to tout new rules to clamp down on greenhouse gas emissions from existing power plants.