Tag: politics

OPEC cuts oil demand forecast on growth concerns

OPEC sharply revised down its forecast today for world oil demand for this year and expected consumption would remain weak in 2012, citing waning economic growth in key industrialized nations and a weak U.S. driving season.  More »

U.S. rushing to meet offshore drilling date

The Obama administration has less than 10 months to finish assembling its plan for selling offshore drilling leases over the next five years, and some oil industry leaders are worried the government is barely on track to meet a July 1 deadline for issuing the document.  More »

Steffy: ‘Texas tea now the lesser of two oils’

This is a tale of two oils. Houston-based Swift Energy pumps crude from its oil fields in Louisana and gets a price that’s within a few dollars of what producers receive in most of the world. As of Thursday, that was about $114 a barrel.  More »

What was missing from Obama’s speech?

President Barack Obama unveiled his $447 billion package aimed at jump starting jobs in the U.S., energize his political base and bringing renewed hope to the American people. But what was missing from his speech last night? Hint: it starts with an ‘E.’  More »

BLM to initiate rulemaking on oil, gas provision

The Interior Department will propose a rule setting guidelines for issuing environmental-review waivers for applications to drill for oil and gas on public lands, after a judge tossed out previous Obama administration rules for procedural reasons.  More »

Libya said to ship first crude oil as production resumes

Libya may export a crude-oil cargo this month for the first time since March from the country’s west as the holder of Africa’s biggest oil reserves rebuilds production after deposing ruler Muammar Qaddafi.  More »

Univ. of Miss. leads team to study Gulf oil spill

The University of Mississippi and the University of Southern Mississippi will lead one of eight large research teams participating in a $112.5 million project to learn how the Gulf of Mexico has fared since the 2010 BP oil spill.  More »

Offshore drilling agency about to split in two

The federal agency that oversees offshore drilling is about to get its final shake-up – with the last stages of a broad, 17-month-long reorganization concluding when the Bureau of Ocean Energy, Management, Regulation and Enforcement is divided into two separate entities on Oct. 1.  More »

Recap: GOP candidates debate energy issues

Eight Republicans presidential candidates squared off on each other in the POLITICO/NBC debate in California on Wednesday. They spoke about jobs, the death penalty and – of course – energy issues.  More »

San Bruno blast survivors launch advocacy group

Families who lost loved ones in the nation’s deadliest pipeline accident in a decade are forming a new nonprofit group, harnessing their grief to press for strict controls over the high-pressure gas lines coursing below homes across the country.  More »

Survey: Parties differ on climate, energy policies

A majority of self-identified Tea Partiers reject global warming and members are far more likely than the rest of Americans to oppose energy policies to address climate change, a new Yale University survey found.  More »

Govt audit: Stimulus funds for energy go unspent

Two years after the economic stimulus law, about one-third of the money authorized for an energy efficiency program has not been spent, a government audit found.  More »

Fact Check: Perry’s energy-related claims at the debate

When Mitt Romney and Rick Perry thumped their chests over their job-creation records as governor during the Republican presidential debate Wednesday night, they left the bad parts out.  More »

Republican says Arctic drilling can help cut deficit

The congressional super committee searching for ways to pare at least $1.2 trillion from the federal deficit should open up the Arctic National Wildlife Refuge for oil and gas drilling instead of increasing taxes, a top House Republican said Wednesday.  More »

Exxon-Russia oil deal unlikely to raise concerns

An unprecedented deal that gives Russia’s state-controlled oil company part-ownership of U.S. oil fields is unlikely to be scuttled by political or national security concerns for a simple reason: Russia doesn’t need the oil.  More »
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