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.
Congress should not use the nation’s emergency oil stockpile as an ATM, with sales of the crude funding unrelated legislative priorities, Sen. Lisa Murkowski said as she toured one of the Louisiana sites that makes up the United States’ Strategic Petroleum Reserve.
Shell’s work in the Arctic is far from guaranteed. The company is still seeking required drilling permits and repairs for a contracted icebreaker that is supposed to help safeguard operations this summer.
Preserving the 50-year-old Land and Water Conservation Fund that pays for parks and public spaces requires a “bold fight” by the Obama administration, the Center for American Progress argues. The program, which is mostly funded by offshore oil and gas revenue, is set to expire in September.
The purchases mark a shift for the refinery, which had largely stopped importing Nigerian oil two years ago and had shifted to largely North American supplies, which have been trading at a discount to global crude.
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