WASHINGTON, April 4 (Reuters) – Republican lawmakers said on
Friday over regulation has prevented a shale oil boom in
California and if eased, could boost production in the state and
reduce its dependence on foreign energy.
With more than an estimated 15 billion barrels of oil,
according to the U.S. Energy Information Administration,
California’s Monterey shale formation is twice as large as North
Dakota’s Bakken formation. That state has risen to become the
second-largest U.S. oil producer in recent years, behind Texas.
WASHINGTON, April 2 (Reuters) – The Obama administration
said on Wednesday it has revised its review process for advanced
vehicle loans, hoping to jump-start a stalled program that still
has more $16 billion in available funding.
The Department of Energy (DOE) sent a letter to the Motor
and Equipment Manufacturers Association on Wednesday to clarify
that a wide range of component makers would be eligible for
loans through the program, as well as outlining measures to
improve communication with applicants and speed up reviews.
WASHINGTON, March 31 (Reuters) – The U.S. environmental
regulator has raised concerns that a federal review of Sempra
Energy’s proposed liquefied natural gas export project
did not include an assessment of the potential effects of more
natural gas drilling.
The Environmental Protection Agency issued its finding
earlier this month. It urged the Federal Energy Regulatory
Commission to weigh indirect greenhouse gas emissions and other
environmental effects that would flow from the increase in gas
drilling needed to support exports from the Cameron plant in
WASHINGTON, March 28 (Reuters) – The U.S. Energy Department
will soon issue a plan to offer loan aid for renewable energy
projects, Energy Secretary Ernest Moniz said on Friday, doubling
down on investments that have drawn intense criticism over past
government-backed business flops.
A department loan program funded by the 2009 economic
stimulus law that backed solar, wind and geothermal projects was
widely attacked by Republicans after the high-profile failure of
solar panel manufacturer Solyndra.
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.