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The Bureau of Land Management’s announcement that it would be proposing changes — and inviting public comment on the scope of them — marks the first major effort in decades to update onshore royalty rates that are among the lowest in the world.
The move means taxpayers can claim the cuts and credits on their 2014 tax returns, but there is no guarantee they will be back in 2015.
Sen. Ron Wyden wants the United States to rethink the size and scope of its emergency oil stockpile.
At issue is the Interior Department’s proposed rule to tighten standards for wells on federal and Indian lands, including new mandates for the hydraulic fracturing process used to coax oil and gas out of dense rock formations.
Four West Coast senators are asking the federal government to expand a recent order for railroads to notify state emergency responders of crude oil shipments.
Wind energy supporters are hoping to blow past opponents in the Senate, as the chamber considers broad legislation to renew dozens of expired tax breaks — including one credited with making turbines spin in Texas.
Top senators on Tuesday unveiled their plan for renewing a slew of tax credits that expired last year, including measures aimed at making biofuels. But one popular tax credit didn’t make the cut.
The Energy Department on Monday authorized exports from a sixth LNG export project, as pressure builds on the Obama administration to speed up approvals of plans to sell U.S. natural gas overseas.
The United States should use its oil and gas bounty as a strategic weapon, helping to protect allies and tame crises like those unfolding in Russia and Venezuela, Sen. Lisa Murkowski said Monday.
While federal policymakers are moving slowly on the question of U.S. crude oil exports, Alaska is taking swift action on policy decisions that are reinvigorating oil and gas investment in the state, says Peter Gardett, an adjunct fellow at the Center for a New American Security.