The Obama administration’s new Clean Power Plan has been welcomed by renewable industries since its announcement on Monday, consolidating the changes in electricity generation, and the recent boom in solar and wind energy. [The Washington Post] Russia has submitted a bid to the UN claiming vast territories of the Arctic, the country’s foreign ministry announced on… Keep reading →
A group of Republican senators led by Sen. Lisa Murkowski (R-Alaska) have asked the country’s top intelligence official to study the geopolitical impact of expanded American energy production. “We are writing to strongly support analytical efforts by the Intelligence Community assess the geopolitical and international security implications of our nation’s energy renaissance, and to ensure that… Keep reading →
Last month President Obama defended administration policies on oil and natural gas development after opponents of Arctic drilling criticized a federal agency’s decision to give conditional approval to Shell’s exploratory drilling plans in the Chukchi Sea off Alaska. The president: Until the U.S. transitions to other fuel “we are going to continue to be using fossil fuels.… Keep reading →
Some economists have recently predicted that it not be until the third fiscal quarter 2015 that oil prices may begin to stabilize (for example, see ATB Financial’s Alberta Economic Outlook Q2 2015, published March 31, 2015). ATB Financial predicts, however, that the price stability will begin at around $50 per barrel rather than at the over $100 per barrel highs of mid-2014.
Earlier this month Oilprice.com’s Nick Cunningham wrote this piece explaining that the debate over exporting U.S. liquefied natural gas (LNG) has been won – citing the openness of the Obama administration and leading Democrats to exports. Cunningham writes: In fact the Obama administration and Congressional Democrats have received little blowback for the LNG projects that have received… Keep reading →
The FERC has authorized Dominion’s Cove Point LNG terminal to export up to 5.75 million metric tons of LNG per year from its existing import terminal at Calvert County, Maryland. On September 29, 2014, the Federal Energy Regulatory Commission (FERC) authorized Dominion Cove Point LNG, LP to construct and operate facilities for liquefaction and export… Keep reading →
At present, Iran is unlikely to accept more limitations on its nuclear activities, but that doesn’t mean Washington has to settle for a watered-down deal that further damages U.S. strategic interests. The Obama administration appears headed toward a nuclear agreement that will do little more than memorialize the limited Iranian concessions made in last year’s… Keep reading →
Members of the U.S. House and Senate are weighing in with Interior Secretary Sally Jewell on the administration’s new five-year oil and natural gas leasing program, and the message is fairly simple: open more of the outer continental shelf (OCS) for exploration and development. Interior has begun work on the new leasing program that will… Keep reading →
