House Majority Leader Kevin McCarthy, R-California, is set to tell a Houston audience that the chamber will vote this month on a measure lifting the oil export ban, but the White House doesn’t back the bill.
The Environmental Protection Agency proposed the new regulations Tuesday, making a significant step toward fulfilling the White House’s March pledge to pare oil and gas methane emissions by 40 to 45 percent by 2025.
American Petroleum Institute President Jack Gerard said there are enough votes in the House and Senate to overturn the United States’ longstanding ban on crude exports. But a former Navy commander urged caution.
In trying to balance the competing interests of oil companies and biofuel producers, the Environmental Protection Agency’s proposed renewable fuel quotas for 2014, 2015 and 2016 have pleased almost no one.
The Obama administration is poised to lay out new requirements for controlling offshore wells, nearly five years after the Gulf of Mexico oil spill vividly illustrated the damage that can be unleashed when they are not kept in check.
In his $4 trillion budget request to Congress, Obama also says he wants to change the way money from offshore oil and gas production is shared with Gulf Coast states, by diverting more of those dollars to national programs with “broad” natural resource and conservation benefits.
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