Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
January 28, 2015

Posts in "Exports"

January 27, 2015

EIA’s Latest Oil Prediction is Already Off

STEORigs

All the volatility in the oil market has made the difficult task of divining the future that much harder. The Energy Information Administration’s latest predictions in the monthly Short Term Energy Outlook are already out of step with data from the field. Full story

By Randy Leonard Posted at 11:54 a.m.
Exports, Natural Gas, Oil

January 26, 2015

Biden and Moniz Push Island Energy Overhaul

US Vice President Joseph R. Biden and Amos J. Hochstein, US State Department international energy coordinator, talk before the Caribbean Energy Security Initiative meeting Monday.      (BRENDAN SMIALOWSKI/AFP/Getty Images)

US Vice President Joseph R. Biden and Amos J. Hochstein, State Department international energy coordinator, talk at the Caribbean Energy Security Initiative meeting Monday. (BRENDAN SMIALOWSKI/AFP/Getty Images)

Vice President Joseph R. Biden Jr. and Energy Secretary Ernest J. Moniz met Monday with Caribbean leaders and global financial organizations to promote development of alternative energy sources for island communities. Full story

This Week: Keystone Vote, Oil Prices and EPA Regs

There’s no shortage of energy events this week. The Senate is scheduled to continue Keystone XL pipeline votes Monday and the House is expected to consider legislation to expedite exports of liquefied natural gas.  Full story

January 22, 2015

Enviros: Put Brakes on Quick Trade Deals

(Mandel Ngan/Getty Images)

(Mandel Ngan/Getty Images)

Conservation and environment groups are pushing Congress to ignore President Barack Obama’s plea to streamline trade negotiations, which he pressed for in his State of the Union address. Full story

January 21, 2015

Keystone Gets SOTU Nod

(Mandel Ngan-Pool/Getty Images)

(Mandel Ngan-Pool/Getty Images)

In his sixth State of the Union address Tuesday, President Barack Obama didn’t mention the Keystone XL pipeline by name, but in calling for an overarching infrastructure bill, he did make a direct reference to the project, a bill for which is on the Senate floor. Full story

January 20, 2015

Oil Price Plunge May Reduce Export Incentive

(David McNew/Getty Images)

(David McNew/Getty Images)

Researchers grabbed headlines last week as they supported calls for lifting decades-old restrictions on exporting U.S. oil. While the report elaborated on existing suppositions that opening the spigot on exports would increase the global supply and therefore benefit U.S. consumers, many news stories glossed over the researchers’ take on how the plunge in oil prices would affect the drive for exports based on refining capacity. Full story

By Randy Leonard Posted at 11:47 a.m.
Exports, Oil

This Week: Keystone, SOTU & Outlooks

Here are the week’s energy events. Full story

January 16, 2015

ICYMI: Oil Drop, EPA Regs & Mexico Swap

Here is what has been happening in energy this week.

The spread between U.S. crude prices and the global benchmark has narrowed as prices have plummeted since June. Russia is feeling the effects of lower oil prices, and to a lesser degree, sanctions. The resulting cascade in U.S. gasoline prices may have tempered a much-anticipated bump at the pump from a California cap-and-trade rule that requires oil companies to buy carbon allowances if greenhouse gas emissions from cars and trucks exceed a limit set by the state. Full story

January 14, 2015

Russia Feeling Oil, Sanction Effects

Russian Finance Minister Anton Siluanov in 2013. (Photo by  Roman Yandolin/Host Photo Agency via Getty Images)

Russian Finance Minister Anton Siluanov in 2013.
(Roman Yandolin/Host Photo Agency via Getty Images)

The drop in oil price is having an impact on the Russian economy, coupled with smaller effects of sanctions for actions in Ukraine. Full story

January 13, 2015

Oil Spread Shrinks

(MARC PREEL/AFP/Getty Images)

(MARC PREEL/AFP/Getty Images)

As the price of oil has plunged, the difference between the global benchmark Brent and the U.S. price has all but disappeared, cutting away benefits for U.S. refiners and eroding incentives to export oil. Full story

January 12, 2015

Mexico Wants Crude Swap

(OMAR TORRES/AFP/Getty Images)

(OMAR TORRES/AFP/Getty Images)

Mexico is pushing to exchange heavy crude oil for U.S. light crude and condensate – a move that lawmakers have pushed as a way to get oil exports around restrictions. Full story

This Week: Keystone, ConocoPhillips & Climate

Here’s what’s on tap in energy this week: Full story

January 9, 2015

ICYMI: Keystone, Oil & Demand Response

The Nebraska Supreme Court upheld a state law that was the basis for the Keystone Pipeline XL route through that state. The case was the main factor the State Department had identified in delaying a decision on the pipeline. The Senate Energy and Natural Resources Committee voted 13-9 Thursday to recommend legislation approving the pipeline (subscription). Full story

Oil Price Effects Just Starting

Regular gas cash price was $1.79 a gallon at a Mobil station this week in Livonia, Mich. (Joshua Lott/Getty Images)

Regular gas cash price was $1.79 a gallon at a Mobil station this week in Livonia, Mich. (Joshua Lott/Getty Images)

Because of heavy debt on U.S. oil companies, energy analysts are warning of defaults, the Wall Street Journal reported: Full story

January 8, 2015

QER Eyes Strategic Reserve and Waterways

(NOAA)

(NOAA)

Energy Secretary Ernest J. Moniz said that problems with inland waterways and the strategic petroleum reserve are among the top infrastructure issues identified in the Quadrennial Energy Review. Full story

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