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Lisa Murkowski

WASHINGTON, DC - OCTOBER 06:  Energy Secretary Ernest Moniz testifies before the Senate Energy and Natural Resources Committee about the potential modernization of the Strategic Petroleum Reserve and related energy security issues in the Dirksen Senate Office Building on Capitol Hill October 6, 2015 in Washington, DC. Created in the wake of the 1973 energy crisis, the reserve is supposed to make sure the U.S. economy will not be hurt by an embargo or sharp price spike and Moniz estimates that $2 billion will be needed for distribution work and other technical upgrades.  (Photo by Chip Somodevilla/Getty Images)

Moniz: Strategic Petroleum Reserve is too valuable to sell its stockpiles

Forty years after the U.S. created an emergency crude stockpile, it needs modernization to swiftly respond to oil supply disruptions, Energy Secretary Ernest Moniz told senators.
FILE - In this Feb. 4, 2014 file photo, Sen. Heidi Heitkamp, D-N.D., speaks on Capitol Hill in Washington. Heitkamp said Wednesday, Sept. 9, 2015, that she won?t run for North Dakota governor, a setback for Democrats? hopes of claiming the state?s top office. (AP Photo/J. Scott Applewhite, File)

Senate panel advances oil exports in near party-line vote, signalling trouble ahead for bill

Although the Senate banking committee voted 13-9 to approve an oil exports bill, the panel debate on the measure illustrated hardening partisan division over the possible trade policy change.
Joint Economic Committee members Sen. Pat Toomey, R-Pa., left, and Sen. Dan Coats, R-Ind. talk on Capitol Hill in Washington, Thursday, Dec. 6, 2012 (AP Photo/ Evan Vucci)

Sen. Pat Toomey seeks to shred biofuel mandates as part of oil exports bill

Before the Senate Banking Committee votes on legislation to lift the oil export ban on Thursday, the panel may consider whether to axe some U.S. biofuel mandates.
This photo taken July 23, 2013, show the U.S. Capitol in Washington. Congress returns to work this week with a relatively short and simple agenda, vote to keep the government operating in the short term, then return home to campaign. National security threats from Islamic State militants and Russian aggression in Ukraine loom large, but September's session may be too short for lawmakers to do anything but talk about them.  (AP Photo/J. Scott Applewhite)

Five options for getting crude export bill to president’s desk

Oil producers and their allies on Capitol Hill are mulling an array of strategies for getting legislation authorizing widespread crude exports onto the president’s desk.
An oil tanker navigates the Houston Ship Channel in Houston, Texas. (Carter Smith/ Bloomberg News file photo)

Government report: Gasoline prices won’t climb if U.S. exports its oil

The EIA analysis also throws some cold water on the entire pro-export crusade, suggesting that widely selling U.S. crude abroad would do little to boost either domestic oil prices or production.
Sen. Robert Menendez, D-N.J., listens during a congressional hearing. (AP Photo/Charles Dharapak)

Robert Menendez floats ‘strategic’ crude exports

Sen. Robert Menendez, D-N.J., has historically opposed oil exports, but on Tuesday, he floated the possibility of “strategic” crude sales to U.S. allies while a nuclear deal with Iran is renegotiated.
An oil tanker, right, cruises past a new liquefied natural gas tanker at the Cheniere terminal in Cameron Parish, La. (Michael Stravato/The New York Times)

Obama administration OKs oil exports to Mexico

The approvals — which involve exchanges of U.S. oil for a similar amount of Mexican crude — did not require any change in U.S. law. The administration also denied applications to exchange U.S. crude for oil and petroleum products from other nations.

Conservationists push White House to postpone next week’s Gulf drilling auction

Environmentalists are campaigning for the White House to call off Wednesday’s Gulf lease sale until Congress reauthorizes a longstanding conservation program funded by offshore oil development.
Sen. Lisa Murkowski (R-Alaska), chair of the Senate Energy and Natural Resources Committee, leads a hearing on the Keystone XL pipeline, in Washington, Jan. 8, 2015. (Jabin Botsford/The New York Times)

Senate panel passes bill lifting crude oil export ban

Republican Lisa Murkowski of Alaska, chairman of the panel, championed the plan to lift the restrictions. It passed by a party-line vote of 12-10.
A drilling rig under contract to Shell arrives in Port Angeles, Washington en route to Alaska's Chukchi Sea, where Shell hopes to drill this summer. (Daniella Beccaria/ via AP, File) MAGS OUT; NO SALES; SEATTLE TIMES OUT; TV OUT; MANDATORY CREDIT

Senate bill would give oil companies a decade more to drill in Arctic

Oil companies could get 10 more years to drill on their Arctic leases, under a provision in a broader offshore drilling bill advancing in the Senate.