Tag: Jack Gerard

Oil industry wants 7-10 years to phase out tank cars

Leading oil industry trade groups on Tuesday told federal regulators that proposed regulations to boost the safety of transporting crude by trains need to be phased in more slowly and should not mandate tank cars with extra-thick shells.  More »

Oil industry group offers crude-train testing standards

The oil industry’s lead trade group released new standards on Thursday for testing and classifying crude shipped by rail after prior shipments were misclassified, including a train that derailed in Canada and killed 47 people.  More »

Iraq turmoil feeds calls for Keystone XL and crude exports

Unrest in Iraq helps make the case that U.S. regulators should authorize crude exports as well as the controversial Keystone XL pipeline, the head of the oil industry’s leading trade group said Monday.  More »

EPA rule gives new boost to gas

Natural gas is poised to be one of the biggest winners of the Obama administration’s new plan to slash carbon dioxide emissions, accelerating the electric sector’s move away from coal toward the cleaner-burning power source. But natural gas industry executives weren’t eager to crow about their victory Monday.  More »

Feds: Industry hampering oil train safety

U.S. transportation officials rebuked the oil industry Friday for not giving up information regulators say they need to gauge the danger of moving crude by rail, after several accidents highlighted the explosive properties of fuel from the booming oil shale fields on the Northern Plains.  More »

No energy policy not such a bad thing, experts suggest

For years, it has been a mantra in Washington: The absence of a broad U.S. energy policy is holding America back, keeping the nation from realizing its full potential.  More »

Tax proposal would deal big blows to Big Oil

Rep. Dave Camp’s plan to overhaul the nation’s tax code would deal major blows to independent refiners and the nation’s biggest oil and gas companies, blocking them from taking some long-cherished deductions and forcing them to use an accounting method that would hike their tax bills when crude prices climb. But independent oil and gas producers as well as midstream pipeline companies dodged big hits in Camp’s long-awaited proposal.  More »

Regulatory limbo keeping safer crude cars off the tracks, lawmaker says

The government’s long delay in drafting mandates for stronger tankers to haul crude across the nation’s train tracks is paralyzing companies that want to invest in safer cars, a Democratic lawmaker charged Wednesday.  More »

Oil leader cautions against creating new rail risks

The oil industry’s leading trade group on Friday praised railroads’ plans to boost the safety of hauling crude across the country, but it cautioned against other changes that could create new risks.  More »

Train explosions prompt companies to upgrade oil tankers voluntarily

Oil companies are rolling ahead of federal regulators by moving swiftly to replace old tank cars following accidents involving crude-carrying trains.  More »

Oil industry ally takes Senate committee helm

Sen. Mary Landrieu takes over the chairmanship of the Energy and Natural Resources Committee, giving the Louisiana Democrat a boost in her reelection campaign and putting an oil industry ally in a powerful Senate role.  More »

Lawmakers consider setting deadline for Obama’s Keystone XL decision

A bipartisan coalition of House and Senate members on Tuesday said they are considering an array of options to speed up a final verdict on the proposed Keystone XL pipeline, now that a State Department analysis raised no major environmental objections to the controversial project.  More »
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