Ayesha's Feed
Mar 16, 2012

Analysis: Tapping oil from reserve may be trickier than ever

WASHINGTON (Reuters) – The Strategic Petroleum Reserve is not quite as strategic as it used to be.

As President Barack Obama moves closer to an unprecedented second release of the emergency oil stockpile in a bid to bring down near-record fuel prices, experts say dramatic logistical upheavals in the oil market over the past year may now make such a move slower and more complicated.

Mar 16, 2012

Tapping oil from US reserve may be trickier than ever

WASHINGTON, March 16 (Reuters) – The U.S. Strategic
Petroleum Reserve is not quite as strategic as it used to be.

As President Barack Obama moves closer to an unprecedented
second release of the U.S. emergency oil stockpile in a bid to
bring down near-record fuel prices, experts say dramatic
logistical upheavals in the U.S. oil market over the past year
may now make such a move slower and more complicated.

Mar 16, 2012

Analysis: Tapping oil from the SPR may be trickier than ever

WASHINGTON (Reuters) – The U.S. Strategic Petroleum Reserve isn’t quite as strategic as it used to be.

As President Barack Obama moves closer to an unprecedented second release of the U.S. emergency oil stockpile in a bid to bring down near-record fuel prices, experts say dramatic logistical upheavals in the U.S. oil market over the past year may now make such a move slower and more complicated.

Mar 1, 2012

US will not revoke LNG exports to control prices-DOE

WASHINGTON, March 1 (Reuters) – The U.S. Energy
Department will not attempt to control natural gas prices by
revoking approvals granted for gas export terminals, a
department official said, as lawmakers and green groups stepped
up their attacks on attempts to send U.S. gas abroad.

The department has argued that federal law gives it the
authority to revisit liquefied natural gas export applications
it has approved, but Deputy Assistant Secretary Christopher
Smith said the department would be hesitant to use this power.

Feb 27, 2012

US gasoline price surges 13 cents in latest week-EIA

WASHINGTON, Feb 27 (Reuters) – U.S. drivers paid 13
cents more at the pump in the past week, the government said
on Monday, reporting the biggest weekly spike in
nearly a year at a time of raging debate about energy policy in
a presidential election year.

U.S. gasoline prices have climbed nearly 20 cents in the
past two weeks, up 33.8 cents from a year ago, the U.S. Energy
Information Administration said in its weekly survey of service
stations.

Feb 27, 2012

Refinery shutdowns to drive up US Northeast fuel costs-EIA

NEW YORK/WASHINGTON, Feb 27 (Reuters) – The U.S.
Northeast should expect price spikes in gasoline and ultra-low
sulfur diesel if Sunoco Inc’s Philadelphia refinery
shuts down this summer, The U.S. Energy Information
Administration said on Monday.

Expanding on its earlier report on potential impacts of
refinery activities in the Northeast, the EIA said it expects a
160,000 barrel per day gap in gasoline supply on the East Coast
in 2012 if the Philadelphia refinery shuts down.

Feb 22, 2012

Lawmakers to Obama: tamp down fuel prices with oil stocks

WASHINGTON (Reuters) – Three Democratic lawmakers on Wednesday urged the White House to signal it is ready to tap the nation’s oil stockpiles to combat surging fuel prices, arguing an “aggressive” strategy could tamp down speculation.

Oil prices hit their highest level in nine months on Tuesday as tensions with Iran continue to rattle crude markets. The skyrocketing oil costs have turned U.S. gasoline prices into a key issue for the 2012 presidential election season.

Feb 21, 2012

US gasoline prices surge as election battle heats up

WASHINGTON, Feb 21 (Reuters) – U.S. gasoline prices
surged nearly 7 cents in the past week, the U.S. government
said, as steadily rising fuel prices jumped to the forefront in
the U.S. election campaign.

The national price of unleaded gasoline climbed 6.8 cents to
an average $3.59 a gallon in the last week, the Energy
Information Administration said on Tuesday in its weekly survey.

Feb 17, 2012

Shell moves closer to Arctic drilling with spill response

WASHINGTON (Reuters) – Royal Dutch Shell’s bid to drill in the Arctic this summer took another step forward on Friday when the U.S. Interior Department approved its oil spill response plan for the Chukchi Sea.

Shell’s response plan would allow the company to rapidly contain a massive spill in the challenging Arctic environment, the department said.

Feb 17, 2012

Shell moves closer to Arctic drilling with spill response approval

WASHINGTON, Feb 17 (Reuters) – Royal Dutch Shell’s
bid to drill in the Arctic this summer took another
step forward on Friday when the U.S. Interior Department
approved its oil spill response plan for the Chukchi Sea.

Shell’s response plan would allow the company to rapidly
contain a massive spill in the challenging Arctic environment,
the department said.

    • 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."
    • Follow Ayesha