Energy & Environment Correspondent
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Nov 3, 2012

Government tries to get fuel to storm-hit Northeast

WASHINGTON (Reuters) – The government on Friday sought to ease the fuel crunch paralyzing the storm-struck Northeast saying the military would buy motor fuel and truck it there and allow foreign tankers from the Gulf of Mexico to deliver oil products.

The Department of Homeland Security waived the Jones Act, a law that normally prohibits foreign-flagged vessels from shipping gasoline, diesel and other petroleum products, from the Gulf of Mexico to Northeastern ports. The waiver, effective immediately, requires shipments to leave the Gulf region by November 13 and arrive in the Northeast within a week.

Nov 2, 2012

U.S. waives Jones Act to help get fuel to Northeast

WASHINGTON, Nov 2 (Reuters) – The U.S. government issued a
rare waiver on Friday allowing foreign tankers from the Gulf of
Mexico to supply the Northeast with fuel after Hurricane Sandy,
but the extent of relief was uncertain since some ports in the
region still lack power.

The Department of Homeland Security’s waiver of the Jones
Act allows foreign vessels to begin shipping petroleum products,
such as gasoline and diesel, from the Gulf of Mexico to
Northeastern ports effective immediately and running through
Nov. 13.

Oct 31, 2012

U.S. eases clean gasoline rules in East after Sandy

WASHINGTON (Reuters) – The U.S. environmental regulator temporarily waived clean gasoline requirements through November 20 across the eastern seaboard to ease a supply crunch after Hurricane Sandy.

“I have determined that an ‘extreme and unusual fuel supply circumstance’ exists that will prevent the distribution of an adequate supply of gasoline to consumers,” Lisa Jackson, the head of the Environmental Protection Agency, said in a letter on Wednesday to governors of the states.

Oct 25, 2012

World’s spare oil capacity grows as Iran sanctions bite

WASHINGTON (Reuters) – The world’s spare oil production capacity outside of Iran rose in last two months as gasoline demand waned in the United States and oil use for power generation fell in the Middle East, the U.S. government said in a bimonthly report.

In September and October, spare oil production capacity was 2 million barrels per day, the EIA said, up from 1.8 million bpd in the previous two months, said the report, which is required by last year’s Iran sanctions law.

Oct 22, 2012

Obama faces tough call on Iran oil sanctions

WASHINGTON, Oct 22 (Reuters) – Just weeks after the
election, U.S. President Barack Obama will be faced with a
pivotal decision on oil sanctions on Iran, in which he will have
to balance the need to stay tough on Tehran without pushing oil
prices too high.

In considering whether to extend a new series of six-month
exemptions to Washington’s oil sanctions, the administration
must decide whether China, India, South Korea and other nations
have done enough to wean themselves from Iranian oil.

Oct 18, 2012

Exxon seeks to quit flagship Iraq oil project

LONDON/WASHINGTON (Reuters) – U.S. major Exxon Mobil wants to leave its giant oilfield project in southern Iraq, diplomatic sources said, in a move likely to aggravate the country’s internal tensions and hamper Baghdad’s ambitious energy expansion plans.

Exxon’s desire to quit, which the sources said was due to prospects of slim profits from the estimated $50 billion West Qurna-1 project, contrasts with a deal it signed a year ago to explore in Iraq’s autonomous northern Kurdish region, where incentives are better.

Oct 9, 2012

Limited impact seen if Iran’s natgas exports cut: U.S. EIA

WASHINGTON (Reuters) – A reduction in natural gas exports from Iran would not have much impact on world energy markets, but could hurt Turkey and part of Azerbaijan, according to a U.S. report due to be released on Tuesday.

The report is designed to be used by the U.S. administration as it considers whether to broaden sanctions on Iran over its disputed nuclear program to include sales of natural gas.

Oct 4, 2012

Vital U.S. energy data held hostage by budget fight: EIA

WASHINGTON (Reuters) – The U.S. federal budget fight might prevent a timely study of the country’s new energy bonanza, a senior official said, and stands in the way of data that could help ease volatility that is costly to energy companies and traders alike.

New production of shale gas in Pennsylvania and petroleum in the Dakotas is already shaping policy, but the country’s energy study agency is not collecting timely and thorough data from those reserves.

Oct 4, 2012

Romney: cuts in tax breaks for oil, gas “on the table”

WASHINGTON (Reuters) – Republican presidential challenger Mitt Romney hinted he could eliminate billions of dollars in U.S. oil and tax breaks if he were elected, but the reductions would be far less than what President Barack Obama wants.

Romney signaled in the first presidential debate in Denver on Wednesday that annual reductions of some $2.8 billion in tax breaks for oil and natural gas companies could be eventually traded for a lower corporate tax rate if he won on November 6.

Oct 4, 2012

Cuts in tax breaks for oil, gas “on the table” – Romney

WASHINGTON (Reuters) – Republican presidential challenger Mitt Romney hinted he could eliminate billions of dollars in U.S. oil and tax breaks if he were elected, but the reductions would be far less than what President Barack Obama wants.

Romney signalled in the first presidential debate in Denver on Wednesday that annual reductions of some $2.8 billion in tax breaks for oil and natural gas companies could be eventually traded for a lower corporate tax rate if he won on November 6.

    • About Timothy

      "I cover U.S. energy and environment policy and climate change. Moved to DC in late 2009 after a decade in New York. Author of "Diminishing Resources:Oil," which is one in a series of books for young adults."
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