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Jan 23, 2014

U.S. may lower 2013 target for cellulosic ethanol

WASHINGTON, Jan 23 (Reuters) – The U.S. environmental
regulator informed oil industry groups on Thursday that it will
reconsider the 2013 target for advanced ethanol made from
grasses, trees and crop waste as producers struggle to make
enough of the fuel.

Oil industry groups had petitioned the Environmental
Protection Agency, or EPA, last year to lower the target because
oil refiners would be required to buy millions of dollars worth
of credits if cellulosic was unavailable.

Jan 14, 2014

No sign yet Iran sanctions bill will come to U.S. Senate vote

WASHINGTON (Reuters) – Senate Majority Leader Harry Reid made clear on Tuesday he has no immediate plan to allow a vote on a bill that would slap new sanctions on Iran over its nuclear program, even as backers promised to keep up their efforts to win more support.

Fifty-nine of the 100 senators – including 16 of President Barack Obama’s fellow Democrats – support the bill, despite Obama’s warning that its passage could jeopardize delicate international negotiations to curb Iran’s nuclear program.

Jan 14, 2014

Republican senator urges Obama to lift U.S. crude export ban

WASHINGTON (Reuters) – Senator Lisa Murkowski on Tuesday urged President Barack Obama to lift a ban on exporting U.S.-produced crude oil, stepping up pressure on the administration to allow producers involved in the domestic energy boom to gain access to global markets.

“Lifting the ban will help create jobs, boost the economy and keep our production at record levels,” Murkowski, from Alaska and the top Republican on the Senate Energy and Natural Resources Committee, said in a letter to Obama.

Jan 14, 2014

Iran deal progress dampens push for new U.S. sanctions bill

WASHINGTON, Jan 13 (Reuters) – President Barack Obama is
more likely to win his battle with the U.S. Congress to keep new
sanctions on Iran at bay now that world powers and Tehran have
made a new advance in talks to curb the Islamic Republic’s
nuclear program.

Despite strong support for the bill in the Senate, analysts,
lawmakers and congressional aides said on Monday that the
agreement to begin implementing a nuclear deal on Jan. 20 makes
it harder for sanctions hawks to attract more backers.

Jan 10, 2014

U.S. sanctions bill Iran nuclear talks ‘insurance policy': Senator

WASHINGTON (Reuters) – A Democratic U.S. senator leading the charge to pass new sanctions on Iran despite objections from the Obama administration said on Friday the measure is a “diplomatic insurance policy” to push Tehran to comply with agreements to curtail its nuclear program.

Fifty-nine senators – 16 of them Democrats – of the 100 in the chamber were co-sponsoring the bill, despite the White House’s insistence that it could imperil delicate international negotiations with the Islamic Republic.

Jan 9, 2014

Senate majority support Iran sanctions bill opposed by Obama

WASHINGTON, Jan 9 (Reuters) – More than a majority of U.S.
senators support a bill to impose new sanctions on Iran should
the Islamic Republic break an agreement to curb its nuclear
program, aides said on Thursday, but there was no plan yet to
debate the measure.

The White House has threatened to veto the legislation,
and Iran says last November’s nuclear deal struck in Geneva
would be dead if the U.S. Congress imposes new sanctions.

Jan 6, 2014

Iran sanctions bill opposed by Obama gains Senate backers

WASHINGTON (Reuters) – U.S. senators pushing a bill to slap new sanctions on Iran if it goes back on an interim deal under which it agreed to limit its nuclear program have gained support since the legislation was introduced in December, aides said on Monday.

The bill, which the White House has threatened to veto, requires further reductions in Iran’s oil exports and would apply new penalties on other industries if Iran either violates the interim agreement or fails to reach a final comprehensive deal.

Dec 22, 2013

Big Oil sits out lobbying on Iran as U.S. Congress stands firm

WASHINGTON, Dec 22 (Reuters) – As debate rises in Washington
over the first thaw in relations between Iran and the United
States in decades, powerful oil companies are opting for an
unusual tactic: silence.

Oil companies such as Exxon Mobil Corp and
ConocoPhillips could earn huge profits if the United
States loosened economic sanctions on Iran, allowing access to
its oil and natural gas fields, some of the world’s largest and
least costly to produce.

Dec 19, 2013

U.S. senators make move toward more sanctions on Iran

WASHINGTON (Reuters) – Despite opposition from the Obama administration, 26 U.S. senators introduced legislation on Thursday to impose new sanctions on Iran if the country breaks an interim deal under which Tehran agreed to curb its nuclear program.

It will be weeks at the earliest before the bill comes to a vote in the 100-member Senate, if it gets that far, given staunch opposition by President Barack Obama’s administration and many of its supporters in Congress.

Dec 19, 2013

U.S. senators offer measure to impose more Iran sanctions

WASHINGTON (Reuters) – Despite opposition from the Obama administration, U.S. senators introduced legislation on Thursday to impose sanctions on Iran if the country breaks an interim deal struck last month under which Tehran agreed to curb its nuclear program.

Democrats Robert Menendez, chairman of the Senate Foreign Relations Committee, and Charles Schumer, the third-ranking Democrat in the Senate, and Republican Senator Mark Kirk introduced with 23 others the bill intended to choke off funding to Iran’s nuclear program by cutting off its oil sales.

    • 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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