Energy & Environment Correspondent
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Feb 3, 2012

US to require disclosure of fracking fluids on public land

WASHINGTON, Feb 3 (Reuters) – The U.S. government will
require natural gas drillers to disclose which chemicals they
use in hydraulic fracturing on public lands, according to draft
rules crafted by the Interior Department.

President Barack Obama pledged in the State of the Union
address last week that the government would develop a road map
for responsible natural gas production and roll out new rules to
ensure drillers protect the environment.

Jan 31, 2012

Analysis: Oil reports may offer Obama an out on Iran

WASHINGTON (Reuters) – President Barack Obama will soon get regular, albeit incomplete, reports on how oil markets are coping ahead of broader sanctions on Iran that could help him justify easing off sanctions to prevent a politically damaging jump in crude prices.

Under the latest Iranian sanctions signed into law late last year, the U.S. Energy Information Administration must begin issuing reports by Feb 29 and every two months after that on oil production and prices as the United States moves to squelch Iranian oil shipments.

Jan 25, 2012

IMF: halt in Iran oil could push crude up 30 percent

WASHINGTON (Reuters) – The International Monetary Fund warned on Wednesday that global crude prices could rise as much as 30 percent if Iran halts oil exports as a result of U.S. and European Union sanctions.

If Iran halts exports to countries without offsets from other sources it would likely trigger an “initial” oil price jump of 20 to 30 percent, or about $20 to $30 a barrel, the IMF said in its first public comment on a possible Iranian oil supply disruption.

Jan 25, 2012

Halt in Iran oil could push crude up 30 percent – IMF

WASHINGTON (Reuters) – The International Monetary Fund warned on Wednesday that global crude prices could rise as much as 30 percent if Iran halts oil exports as a result of U.S. and European Union sanctions.

If Iran halts exports to countries without offsets from other sources it would likely trigger an “initial” oil price jump of 20 to 30 percent, or about $20 to $30 a barrel, the IMF said in its first public comment on a possible Iranian oil supply disruption.

Jan 13, 2012

U.S. review on Keystone pipeline permitting out soon

WASHINGTON (Reuters) – A U.S. “special review” of the State Department’s handling of permitting for the Canada-to-Texas Keystone XL oil pipeline is nearly complete and will likely be released in coming weeks, a federal government source said on Thursday.

The timing could mean the results of the review by the State Department’s internal watchdog are made public before President Barack Obama is slated to decide whether to allow a permit for the $7 billion project, or rule it not in the national interest.

Jan 5, 2012

EPA may retest PA. water near fracking

WASHINGTON/NEW YORK (Reuters) – Federal regulators are considering retesting water supplies at a small town in Pennsylvania that residents say have been contaminated by natural gas drilling.

Just a month after declaring water in Dimock safe, officials from the Environmental Protection Agency are taking another look after new evidence suggested that drinking water could be polluted worse than originally thought.

Dec 23, 2011

Keystone pipeline more uncertain than ever

WASHINGTON (Reuters) – The payroll tax bill passed by Congress contains a provision forcing President Barack Obama to speed his decision on the Keystone XL oil pipeline, but his approval is far from certain.

The bill, which passed on Friday, said Obama must grant a permit for TransCanada Corp’s Canada to Texas pipeline in 60 days, unless he determines the line does not serve the national interest.

Dec 21, 2011

U.S. rolls out tough rules on coal plant pollution

WASHINGTON (Reuters) – The Obama administration on Wednesday unveiled the first-ever standards to slash mercury emissions from coal-fired plants, a move aimed at protecting public health that critics say will kill jobs as plants shut down.

Facing fierce opposition from industry groups and lawmakers from coal-intensive states, the Environmental Protection Agency said the benefits of the Mercury and Air Toxics Standards, or MATS, will greatly outweigh the costs.

Dec 18, 2011

Keystone pipe outlook no rosier after Senate vote

By Timothy Gardner

(Reuters) – Senate Republicans claimed victory on Saturday for a bill that may force President Barack Obama to make a speedier decision on a Canada to Texas oil pipeline, but a White House official indicated quick approval of the project is not likely.

The two-month payroll tax break extension bill passed by the Senate on Saturday included language that would make Obama decide within 60 days whether TransCanada Corp’s 700,000 barrel-a-day Keystone XL oil sands pipeline is in the country’s national interest.

Dec 14, 2011

U.S. seeks oil supply cushion as Iran sanctions loom

WASHINGTON (Reuters) – The United States is building ties with a range of oil producing countries in an effort to ensure a steady supply of crude to global markets as the West ratchets up the threat of increased sanctions against Iranian exports.

According to a State Department official, the groundwork is being laid with exporters including Ghana, Angola, and Iraq, where the oil industry is recovering from war and years of neglect, to boost global spare oil capacity in case of outages that can lead to price spikes that threaten the fragile economy.

    • 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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