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Jan 14, 2015

Conoco seeks U.S. guidance on light oil exports -CEO

WASHINGTON, Jan 14 (Reuters) – ConocoPhillips has
asked the U.S. Commerce Department for guidance on whether it
can ship its minimally treated light oil abroad, though the
company does not believe it makes sense to export it now, the
company’s CEO said on Wednesday.

U.S. oil drillers that have enjoyed a boom over the last six
years are pressuring the government to lift the 40-year ban on
oil exports, a remnant of the 1970s Arab oil embargo that led to
fears of energy shortages.

Jan 12, 2015

Senate takes up Keystone XL bill as showdown with Obama looms

WASHINGTON (Reuters) – The U.S. Senate advanced a bill on Monday to approve the Keystone XL oil pipeline as Republicans, who have made the project their first priority of the year, try to line up enough votes to overcome a potential veto by President Barack Obama.

The Senate voted 63-32 on a measure to allow debate and the offering of amendments on the bill.

Jan 9, 2015

Keystone clears hurdles, stage set for Washington showdown

WASHINGTON, Jan 9 (Reuters) – The House of Representatives
easily passed a bill to approve the Keystone XL pipeline on
Friday hours after a Nebraska court removed a major hurdle for
President Barack Obama to settle the fate of the politically
charged oil project.

After months of deliberation, the Nebraska Supreme Court
allowed a route for the pipeline to cross the state, shifting
the debate over TransCanada Corp’s controversial line
fully to Washington, where Republicans now in control of
Congress are seeking to force its final approval after more than
six years of acrimony with the White House.

Jan 8, 2015

Senators press Keystone XL despite Obama veto threat

WASHINGTON (Reuters) – Senate Republicans were poised to move ahead on Thursday with a bill to approve construction of the Keystone XL oil pipeline, their top priority in a new campaign to roll back President Barack Obama’s policies.

The Senate Energy Committee was expected to advance the bill later on Thursday toward a debate in the full Republican-controlled chamber next week. The House of Representatives has scheduled a vote to approve the pipeline on Friday.

Jan 7, 2015

As prices fall at the pump, some U.S. lawmakers eye gas tax hike

WASHINGTON (Reuters) – As U.S. gasoline prices plunge to the lowest level in more than five years, some U.S. lawmakers see a golden opportunity to bump up taxes at the pump to help pay for the repair of crumbling roads and bridges.

Fuel taxes have been flat for more than 20 years, starving the Highway Trust Fund of revenue used for rising infrastructure repair costs. Lawmakers have fueled the fund with last-minute short-term injections of cash, but want to find a more permanent fix.

Jan 6, 2015

Republicans push Keystone bill, White House threatens veto

WASHINGTON, Jan 6 (Reuters) – Republican senators kicked off
the new U.S. Congress with legislation to approve the hotly
disputed Keystone XL oil pipeline, but the White House promptly
threatened a veto.

With Republicans assuming full control of Congress on
Tuesday after their victories in the November election, they
have put Keystone at the center of their legislative agenda and
plan weeks of debate.

Jan 6, 2015

Republicans push Keystone XL bill with plan to skirt any veto

WASHINGTON (Reuters) – Republican senators this week made good on a campaign promise and kicked off the new Congress with a bill to approve the Keystone XL pipeline, saying if President Barack Obama vetoes it, they have a plan to pass the measure later in the year.

Senator John Hoeven, a North Dakota Republican, introduced a bill on Tuesday to approve TransCanada Corp’s (TRP.TO: Quote, Profile, Research, Stock Buzz) project that would transport more than 800,000 barrels per day of mostly Canadian heavy oil to Nebraska en route to refineries along the U.S. Gulf Coast.

Jan 2, 2015

U.S. Senate panel to introduce Keystone XL bill Thursday

WASHINGTON, Jan 2 (Reuters) – The head of the Senate energy
committee plans to introduce a bill next week to force approval
of the Keystone XL oil pipeline, though the full chamber faces a
battle in obtaining needed votes to overcome any veto by
President Barack Obama.

Keystone supporters say they picked up votes for TransCanada
Corp’s $8 billion project in November’s midterm
elections, including Republicans Shelley Moore Capito, from West
Virginia, and Joni Ernst, from Iowa.

Jan 2, 2015

Senate panel plans to introduce Keystone XL bill next week

WASHINGTON (Reuters) – The head of the Senate energy committee plans to introduce a bill next week to force approval of the Keystone XL oil pipeline, though the full chamber faces a battle in obtaining needed votes to overcome any veto by President Barack Obama.

Senator Lisa Murkowski, an Alaska Republican and the new head of the energy committee, will introduce the bill next week after a hearing on TransCanada Corp’s $8 billion project, her spokesman said.

Dec 31, 2014

U.S. opening of oil export tap widens battle for global market

WASHINGTON/NEW YORK (Reuters) – The Obama administration has opened a new front in the global battle for oil market share, effectively clearing the way for the shipment of as much as a million barrels per day of ultra-light U.S. crude to the rest of the world.

The Department of Commerce on Tuesday ended a year-long silence on a contentious, four-decade ban on oil exports, saying it had begun approving a backlog of requests to sell processed light oil abroad. It also issued a long-awaited document outlining exactly what kinds of oil other would-be exporters can ship.

    • 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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