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.
WASHINGTON (Reuters) – U.S. utilities would benefit from an independent group to set industry-wide guidelines on combating cyber threats, according to a think-tank report released on Friday that was co-authored by a former director of the Central Intelligence Agency.
The report, from the Bipartisan Policy Center, said a new independent organization could bring together the disparate interests in the sector to help manage cybersecurity for the nation’s electric grid, and help to deal with threats such as new malware that could be targeted at plants’ information technology systems.
WASHINGTON, Feb 27 (Reuters) – The Obama administration on
Thursday laid out a framework for assessing the amount of crude
off the Atlantic coast, another step toward possibly allowing
oil production in an area that has been out of reach for
The plan was released as part of the Bureau of Ocean Energy
Management’s final environmental review of the possible impacts
of seismic testing to gauge oil reserves in the Atlantic Ocean.
WASHINGTON (Reuters) – A small Nebraska state commission that has never considered a major oil pipeline route could soon play a pivotal role in deciding the fate of the Keystone XL pipeline, a project brimming with political risk for both the U.S. and Canadian governments.
A court ruling this week reinstating the Nebraska Public Service Commission’s authority over TransCanada Corp’s $5.4 billion project from the Alberta oil sands has raised new questions about a long-delayed project that Canada considers crucial to its economic future.
WASHINGTON, Feb 19 (Reuters) – The Obama administration will
finalize about $6.5 billion in loan guarantees this week for the
nation’s first two new nuclear reactors in three decades, ending
years of delay.
U.S. Energy Secretary Ernest Moniz will travel to
Waynesboro, Georgia, on Thursday to mark the completion of an
agreement backing the construction of two new reactors at
Southern Co’s Vogtle nuclear power plant, the Department
of Energy announced on Wednesday.
WASHINGTON (Reuters) – The Obama administration will announce that it has finalized $6.5 billion in loan aid to build the country’s first new nuclear reactors in more than 30 years, sources said on Tuesday.
The announcement, expected on Wednesday, follows four years of wrangling between the government and energy company Southern Co over the terms of the loan agreement, which was initially offered in February 2010 to support the construction of two new reactors at the Vogtle nuclear plant in Georgia.