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Nov 16, 2012

Exclusive: U.S. gave A123 $1 million as it filed bankruptcy

WASHINGTON (Reuters) – The Obama administration provided struggling battery maker A123 Systems Inc with nearly $1 million on the day it filed for bankruptcy, the company told lawmakers investigating its government grant.

The company, which makes lithium ion batteries for electric cars, filed for Chapter 11 bankruptcy protection last month after a rescue deal with Chinese auto parts supplier Wanxiang Group fell apart.

Nov 16, 2012

U.S. gave A123 $1 mln as it filed bankruptcy

WASHINGTON, Nov 16 (Reuters) – The Obama administration
provided struggling battery maker A123 Systems Inc
with nearly $1 million on the day it filed for bankruptcy, the
company told lawmakers investigating its government grant.

The company, which makes lithium ion batteries for electric
cars, filed for Chapter 11 bankruptcy protection last month
after a rescue deal with Chinese auto parts supplier Wanxiang
Group fell apart.

Nov 14, 2012

US decision on LNG exports will not be “outsourced” -Energy Dept

WASHINGTON, Nov 14 (Reuters) – The Obama administration will
not base its decision on whether to expand natural gas exports
solely on a long-awaited external study on the economic effects
of sending gas abroad, an Energy Department official said
Wednesday.

Chris Smith, Deputy Assistant Secretary for Oil and Natural
Gas at the Energy Department, said the government-commissioned
report, expected by the end of the year, will be only one factor
the department will consider as it weighs allowing additional
gas exports.

Nov 13, 2012

New U.S. LNG export approvals face long wait – Cheniere Energy

WASHINGTON, Nov 13 (Reuters) – The United States will not
fully permit additional liquefied natural gas export projects
before late 2013 or 2014, a Cheniere Energy Inc
executive said on Tuesday.

Regardless of how soon the Obama administration makes a
decision on expanding exports, it will likely take 12 to 18
months for companies to make it through the complicated
permitting process at the Federal Energy Regulatory Commission
(FERC), said Davis Thames, president of marketing at Cheniere.

Nov 10, 2012

U.S. releases more diesel to ease fuel shortages after Sandy

WASHINGTON (Reuters) – The U.S. Energy Department on Friday said it would release an additional 100,000 barrels of diesel from the nation’s emergency heating oil reserves to help ease fuel shortages in Connecticut due to Hurricane Sandy.

The release from the emergency stockpile comes as the U.S. Northeast continues to grapple with severe fuel supply disruptions after a massive storm swept through the region last week.

Nov 7, 2012

Analysis: Exports will be next divisive U.S. oil tangle

WASHINGTON (Reuters) – President Barack Obama faces a challenge in his second term that was unthinkable a few years ago: how to adapt an energy policy focused on oil imports and scarcity to an era of rapidly growing domestic production.

After decades when the concept of energy independence seemed a pipe dream, the river of oil flowing from shale formations in North Dakota and Texas is reshaping U.S. energy policy. With oil and gas output increasing, the United States is quickly entering an era where it will have to decide how to manage its newfound energy wealth.

Nov 3, 2012

Government tries to get fuel to storm-hit Northeast

WASHINGTON (Reuters) – The government on Friday sought to ease the fuel crunch paralyzing the storm-struck Northeast saying the military would buy motor fuel and truck it there and allow foreign tankers from the Gulf of Mexico to deliver oil products.

The Department of Homeland Security waived the Jones Act, a law that normally prohibits foreign-flagged vessels from shipping gasoline, diesel and other petroleum products, from the Gulf of Mexico to Northeastern ports. The waiver, effective immediately, requires shipments to leave the Gulf region by November 13 and arrive in the Northeast within a week.

Nov 2, 2012

U.S. government tries to get fuel to storm-hit Northeast

WASHINGTON (Reuters) – The U.S. government on Friday sought to ease the fuel crunch that hit the Northeast after Hurricane Sandy, saying it would provide emergency responders with diesel from national reserves, and also allowing foreign tankers in the Gulf of Mexico to bring fuel to the region.

The Department of Homeland Security waived the Jones Act, a law that normally prohibits foreign-flagged vessels from shipping gasoline, diesel and other petroleum products, from the Gulf of Mexico to Northeastern ports. The waiver, effective immediately, requires shipments to leave the Gulf region by November 13 and arrive in the Northeast within a week.

Nov 2, 2012

U.S. waives Jones Act to help get fuel to Northeast

WASHINGTON, Nov 2 (Reuters) – The U.S. government issued a
rare waiver on Friday allowing foreign tankers from the Gulf of
Mexico to supply the Northeast with fuel after Hurricane Sandy,
but the extent of relief was uncertain since some ports in the
region still lack power.

The Department of Homeland Security’s waiver of the Jones
Act allows foreign vessels to begin shipping petroleum products,
such as gasoline and diesel, from the Gulf of Mexico to
Northeastern ports effective immediately and running through
Nov. 13.

Nov 2, 2012

U.S. shale gas boom requires rethink of natgas export policy: Senator

WASHINGTON (Reuters) – The United States needs to reconsider its rules on exporting natural gas – even to countries with which it has free trade agreements – now that a surge in drilling has made the nation one of the world’s fastest-growing producers, U.S. Senator Ron Wyden said on Thursday.

Advanced drilling techniques have allowed energy companies to tap vast shale gas reserves, opening the door to U.S. exports after years of projections that the United States would have to rely on foreign gas to meet its energy needs.

    • About Ayesha

      "A Howard University graduate, I began my career at Reuters as an intern covering hotels and airlines in New York. I now work in Washington D.C. covering energy policy and regulations."
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