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.
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.
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.
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.
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.
WASHINGTON, Feb 16 (Reuters) – The U.S. Energy
Department will not make a decision on future liquefied natural
gas exports until it has weighed the potential consequences of
sending U.S. gas abroad, Energy Secretary Steven Chu said on
Chu said there was concern that exporting the nation’s
surplus natural gas could lead to higher prices, but that had to
be balanced against the economic benefits of increasing the U.S.
WASHINGTON, Feb 14 (Reuters) – U.S. environmental
regulators are investigating possible violations of federal
pollution laws at natural gas operations in a Pennsylvania
county that is in the midst of a shale gas drilling boom.
The Environmental Protection Agency conducted inspections at
well pads and compressor stations in Washington County,
Pennsylvania, in late September and early October, agency
spokeswoman Bonnie Smith said.
, Feb 9 (Reuters) – U.S. regulators
on Thursday approved plans to build the first new
nuclear power plant in more than 30 years in spite of objections
of the panel’s chairman who cited safety concerns stemming from
Japan’s disastrous 2011 Fukushima disaster.
The Nuclear Regulatory Commission voted 4-1 to allow
Atlanta-based Southern Co to build and operate two new
nuclear power reactors at its existing Vogtle nuclear power
plant in Georgia. The units will cost Southern and partners
about $14 billion and enter service as soon as 2016 and 2017.
WASHINGTON, Feb 7 (Reuters) – The Sierra Club is
challenging plans to export liquefied natural gas from Maryland,
continuing its fight against the gas industry’s push to sell the
nation’s abundant shale gas abroad.
The group filed a formal objection with the Energy
Department against Dominion’s Cove Point export project,
arguing that exports of liquefied natural gas would raise prices
for consumers and expand use of “destructive” drilling
techniques to extract shale gas.
WASHINGTON, Feb 3 (Reuters) – Republican
lawmakers hope to move one step closer next week to linking
a measure approving the controversial Canada-to-Texas Keystone
XL oil pipeline to a highway funding bill.
The House of Representatives Energy and Commerce Committee
will vote on Tuesday on a bill that would transfer permitting
authority over TransCanada’s planned pipeline to the
Federal Energy Regulatory Commission and direct the commission
to approve the project within 30 days.