WASHINGTON (Reuters) – U.S. energy markets cannot absorb the levels of biofuels required by law to be blended into the fuel supply in 2014, Environmental Protection Agency head Gina McCarthy said on Thursday, defending a controversial proposal to slash the target for this year.
The EPA is working on final 2014 biofuel use targets after issuing a proposal in November that slashed federal requirements for ethanol in U.S. fuel supplies.
WASHINGTON, March 25 (Reuters) – The U.S. shale gas boom
should be used to rein in Russian influence on American allies
in Europe and on Ukraine, a key senator said on Tuesday, as
lawmakers weighed changes to export policy to take into account
a shifting geopolitical landscape.
European worries about the security of energy supplies have
skyrocketed since Russian forces seized control of the Crimean
peninsula from Ukraine this month. Moscow has in years past cut
gas supplies during regional disputes.
WASHINGTON (Reuters) – U.S. lawmakers will hear testimony on Tuesday from those who favor loosening restrictions on liquefied natural gas exports so that abundant American supplies could help reduce Ukraine and Europe’s dependence on Russian gas.
European worries about the security of energy supplies have grown since Russian forces seized control of the Crimean peninsula from Ukraine this month. Moscow has in years past cut gas supplies amid regional disputes.
WASHINGTON, March 24 (Reuters) – Under pressure to use the
United States’ energy bounty to respond to the political crisis
over Ukraine, the Obama administration on Monday approved
exports of liquefied natural gas from Veresen Inc’s
Jordan Cove plant in Oregon.
The order is the administration’s first approval of LNG
exports from the West Coast and would allow shipments of up to
0.8 billion cubic feet a day from the Coos Bay, Oregon facility.
WASHINGTON, March 14 (Reuters) – Freeport LNG Development
LP’s proposed liquefied natural gas export terminal will not
cause significant environmental harm, a draft federal review
concluded on Friday, paving the way for possible approval for
the project this year.
The Federal Energy Regulatory Commission’s preliminary
environmental analysis found that the terminal on Quintana
Island, Texas, would cause mostly “temporary and short-term”
impacts since the project would be an expansion of an import
terminal and the company planned to take steps to mitigate
effects of construction.
WASHINGTON (Reuters) – The United States will hold the first test sale of crude from its emergency oil stockpile since 1990, offering a modest 5 million barrels in what some observers saw as a subtle message to Russia from the Obama administration.
The Energy Department said the test sale had been planned for months, timed to meet demand from refiners coming out of annual maintenance cycles. But oil traders noted that Russia’s effort to take over the Crimea region from Ukraine has prompted calls for use of booming U.S. energy resources to relieve dependence on Russian natural gas by Europe and Ukraine.
WASHINGTON, March 11 (Reuters) – Four U.S. oil refiners,
trying to counter growing calls to lift the nation’s ban on most
crude oil exports, have launched the first major lobbying effort
to keep abundant U.S. oil supplies from being sold overseas.
Rising U.S. shale oil production has opened the door to a
possible revision of the decades-old policy restricting most
exports of unrefined petroleum.
WASHINGTON, March 7 (Reuters) – An update of a pivotal
report on U.S. liquefied natural gas exports released on Friday
found that allowing unlimited shipments of gas abroad would
benefit the U.S. economy, mirroring the findings of the initial
Using fresh data, NERA Economic Consulting concluded again
that gas exports would increase real household income and gross
domestic product in the United States, despite raising natural
HOUSTON, March 5 (Reuters) – The U.S. oil industry needs to
make a better case for lifting the decades-old ban on crude
exports, especially as the country still relies on millions of
barrels of foreign oil, U.S. Energy Secretary Ernest Moniz said
Oil producers have begun ramping up efforts to overturn
rules restricting the sale of U.S. crude oil overseas in most
cases, with the nation awash in light sweet crude that is not a
good match for the Gulf coast refining hub.
HOUSTON, March 5 (Reuters) – The rise of global trade in
liquefied natural gas in the coming decade could curb Russia’s
foreign-policy leverage over Europe and prompt China to take a
more constructive role in global affairs as its imports of the
This view, shared by many energy experts at the IHS CERAWeek
conference in Houston, means that in the future Russia may have
less room to assert itself with neighbors the way it did when
its forces recently seized control of Ukraine’s Crimea.