WASHINGTON (Reuters) – The Obama administration will allow limited sales of U.S. crude to Mexico for the first time, a senior administration official told Reuters, marking another milestone in loosening a contentious ban on exporting domestic oil.
The Commerce Department is “acting favorably on a number of applications” to export U.S. crude in exchange for imported Mexican oil, the official said. Such oil swaps are one of several possible exemptions allowed in the four-decade-old law that otherwise bans most overseas shipments.
WASHINGTON, Aug 14 (Reuters) – The Obama administration will
allow limited sales of U.S. crude to Mexico for the first time,
a senior administration official told Reuters, marking another
milestone in loosening a contentious ban on exporting domestic
The Commerce Department is “acting favorably on a number of
applications” to export U.S. crude in exchange for imported
Mexican oil, the official said. Such oil swaps are one of
several possible exemptions allowed in the four-decade-old law
that otherwise bans most overseas shipments.
WASHINGTON (Reuters) – The U.S. Coast Guard has been forced to divert resources – including a vessel that fights cocaine trafficking – to the Arctic this summer to ensure that Royal Dutch Shell’s exploratory oil drilling meets its environmental and safety commitments, its top officer said.
The added Coast Guard presence in the Chukchi Sea off Northern Alaska includes the Waesche, a 418 foot-long (127 m) national security ship, which otherwise would be operating in the Caribbean Sea and Gulf of Mexico, fighting drug traffickers.
WASHINGTON, Aug 3 (Reuters) – Dreams that a cap-and-trade
market could become a force for lowering carbon emissions died
in the U.S. Senate in 2010, scuttled by politics and a bad
On Monday, cap and trade was revived by the president,
President Barack Obama’s climate plan embraces cap-and-trade
markets as a way to cut power plant emissions blamed for warming
WASHINGTON, July 30 (Reuters) – The U.S. Senate Energy
Committee on Thursday narrowly passed a bill to lift a 40-year
old ban on the export of crude oil, but the measure faces an
uphill battle in getting passed by the full Senate.
The bill to allow the United States to export oil and boost
state revenue-sharing for offshore oil and gas drilling passed
along party lines by a vote of 12-10.
WASHINGTON (Reuters) – U.S. House of Representatives Speaker John Boehner on Wednesday expressed for the first time his support for repealing the 40-year-old ban on domestic crude oil exports, a move that could breathe new life into a bill in his chamber.
“Until recently our nation’s energy policy was rooted in a scarcity mindset that went back to the 1970s,” Boehner, a Republican, told reporters. “But now America is experiencing an energy boom and our policy needs to follow suit.”
WASHINGTON (Reuters) – Speaker of the House John Boehner’s call for an end to the U.S. oil export ban is the latest sign of increased momentum for repealing the 40-year-old restriction, joining a drumbeat of similar appeals ranging from industry groups to Republican candidates for president.
But reversing the law still faces one significant hurdle: lining up enough support from congressional Democrats.
WASHINGTON (Reuters) – The U.S. Interior Department on
Wednesday granted Royal Dutch Shell its final two
permits to explore for oil in the Arctic this summer, but said
the company cannot drill into the oil zone until the required
emergency equipment arrives to the region.
The department’s Bureau of Safety and Environmental
Enforcement (BSEE) conditionally granted Shell permits for oil
exploration in the Chukchi Sea off Alaska.
WASHINGTON (Reuters) – U.S. lawmakers on both sides of the aisle figured this month they had hit on a clever way to fund everything from new drug programs to highway maintenance: sell off part of America’s strategic oil reserves, a supply cushion that no longer needs to be so large.
The notion, embedded in a House of Representatives bill that passed earlier in July and in a Senate transportation bill proposed on Tuesday, has met with criticism from energy experts and economists, many calling it the right idea, but the wrong time.
WASHINGTON (Reuters) – A top energy adviser to President Barack Obama who specialized on oil policy has left the White House, three sources said on Friday.
Michelle Billig Patron, who served as special assistant on energy to President Barack Obama and as a senior director at the National Security Council since April 2013, left the White House about two weeks ago, the sources said. She had worked previously at PIRA Energy Group, the Department of Energy and the U.S. Embassy in Beijing.