Editor in Charge, Commodities and Energy, Washington
Russ's Feed
Jul 10, 2012

Enbridge handled oil spill like ‘Keystone Kops’-NTSB

WASHINGTON, July 10 (Reuters) – Enbridge’s massive oil
pipeline spill in Michigan in 2010 was caused by a complete
breakdown of company safety measures, while its employees
performed like “Keystone Kops” trying to contain it, the
National Transportation Safety Board said on Tuesday.

The rupture of Enbridge’s pipeline spilled more than 20,000
barrels of heavy crude into Michigan’s Kalamazoo River in July,

Jun 28, 2012

U.S. unveils final drilling plan, limits Arctic sales

WASHINGTON (Reuters) – U.S. oil companies will be allowed to drill in more areas of the Gulf of Mexico but won only limited access to the Arctic under the final version of the Obama Administration’s five year drilling plan that was slammed by industry and some environmentalists.

The 2012-2017 plan calls for three potential lease sales in areas offshore Alaska but the auctions would not be held until the final years of the plan because of environmental concerns about operating in the Arctic.

Jun 27, 2012

US to unveil final drilling plan, cautious on Alaska

WASHINGTON, June 26 (Reuters) – The Obama Administration
will release its final, five-year blueprint for offshore
drilling o n T hursday and is expected to offer a go-slow approach
to Arctic drilling and keep restricting rigs from operating off
the east and west coasts of the country.

The drilling plan is likely to draw criticism from
Republicans on the campaign trail as too restrictive, while
sparking concern from environmentalists that drilling off Alaska
is too risky.

Jan 12, 2012

Grain stocks picture brightens, shocks markets

WASHINGTON (Reuters) – The United States painted a rosier picture than expected for global grain stocks and the U.S. winter wheat crop on Thursday, sending prices in a freefall toward recent-year lows.

The U.S. Agriculture Department projected that, after a larger-than-expected harvest last year, corn and soybean stocks will be much higher at the end of this marketing year than traders had predicted.

May 7, 2011

Rockets to Parachutes

WASHINGTON (Reuters) – President Barack Obama had a good week. While still basking from the successful hit on America’s number one enemy, the administration also enjoyed watching oil prices deflate in one of the biggest commodity declines ever.

High oil prices, all those headlines about the “pain at the pump,” had begun to eat away at Obama’s presidency, or at least his campaign. And the Republicans were having a field day, saying the Obama administration was driving up oil prices because of its fussy attention on renewable fuel while wringing its hands over that oil spill in the Gulf (so, 2010 y’know).

Jan 12, 2011

U.S. slashes soy, corn stocks, markets soar

WASHINGTON (Reuters) – America’s stockpiles of corn and soybeans will be drawn down to uncomfortably thin levels this year, according to a government report on Wednesday that sent grain prices soaring and added to concerns over surging world food prices.

Dwindling stocks in the world’s biggest food exporter and poor outlooks from other major exporting countries are combining to produce one of the toughest outlooks for prices and supply since 2008.

Jan 12, 2011

U.S. crop stockpile thins as weather and demand drive prices

WASHINGTON (Reuters) – The United States, long the breadbasket to the world, is expected to confirm on Wednesday that its grain stockpiles are the lowest in years, darkening hopes for any quick relief from surging global food prices.

The U.S. Department of Agriculture was expected to show in its monthly crop report a further deterioration in supplies at home, and to forecast how severe weather was hurting harvests from such powerhouses at Argentina and Australia.

Dec 12, 2010

Climate talks end with modest steps, no Kyoto deal

CANCUN, Mexico (Reuters) – The world’s governments agreed on Saturday to modest steps to combat climate change and to give more money to poor countries, but they put off until next year tough decisions on cutting greenhouse gas emissions.

The deal includes a Green Climate Fund that would give $100 billion a year in aid to poor nations by 2020, measures to protect tropical forests and ways to share clean energy technologies.

Dec 10, 2010

Mexico pushes for deal as climate talks near close

CANCUN, Mexico (Reuters) – Mexico scrambled to break an impasse between rich and poor nations over future cuts in greenhouse gas emissions on Friday as 190-nation climate talks went down to the wire.

“It’s beginning to stack up and I am cautiously optimistic. We are in a much better situation than we were in Copenhagen at this stage of the game last year,” said Chris Huhne, Britain’s energy and climate change secretary.

Dec 10, 2010

U.N. talks on knife edge, Brazil, Japan see hope

CANCUN, Mexico (Reuters) – Talks on a 190-nation deal to slow global warming were on a “knife edge” on Thursday as Brazil and Japan expressed guarded hopes of ending a dispute between rich and poor about curbing greenhouse gas emissions.

Negotiators were set to work through the night seeking to end a standoff over the future of the U.N.’s Kyoto Protocol, which binds almost 40 rich nations to curb emissions until 2012, before the final day of the two-week talks on Friday.

    • About Russ

      "I'm the Editor in Charge of Commodities and Energy in Washington, which involves breaking news and producing insightful stories while covering government agencies, the White House and Congress. Previously I was the Commodities Editor for Asia, based in Singapore, where I lead a continent-wide team reporting on the rise of China and other emerging markets. Before that,I was Bureau Chief of Canada in Toronto, overseeing seven bureaus. Also with Reuters, I have worked as a political correspondent in Ottawa and a technology reporter in San Francisco."
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