Tag: US Energy
U.S. hopes to flex energy muscle with oil reserve makeover
President Obama looking to sell some oil reserve crude to fund SPR overhaul By Timothy Gardner FREEPORT, Texas, June 9 (Reuters) – The United States boasts the world’s largest stash of emergency oil supplies, yet the country’s ability to influence global crude markets with releases from that reserve has waned. The Obama administration hopes to fix […]
Opinion: What Houston needs: An energy president
Houston, the U.S. need leadership during a period of low oil prices, layoffs By Ed Hirs, University of Houston The candidates in this year’s fractious presidential campaign agree about one thing: There’s universal silence on energy policy. And even if they include a wish list of energy proposals on their campaign websites, no one offers […]
Clean Power Plan: Congress backs court challenge to Obama’s climate plan
Two dozen states have sued to stop Clean Power Plan WASHINGTON _ More than 200 members of Congress are backing a court challenge to the Clean Power Plan, President Barack Obama’s plan to curtail greenhouse gas emissions. A brief filed Tuesday with the U.S. Court of Appeals in Washington argues that the U.S. Environmental Protection […]
Dominion Resources buying Questar for about $4.4 billion
Dominion Resources an eastern power producer purchases western gas supplier NEW YORK _Dominion Resources will spend approximately $4.4 billion to acquire Questar in a big reach to the West for the East Coast energy company. Dominion is a power producer in the mid-Atlantic region. Questar is in the Rockies and a principal source of gas […]
Feds’ energy conservation program upheld by US Supreme Court
Utilities argued energy conservation program targeted retail customers WASHINGTON _ The U.S. Supreme Court has upheld a 4-year-old federal program that pays large electric customers to save energy during times of peak demand. The justices ruled 6-2 on Monday that the Federal Energy Regulatory Commission had the authority to issue directives aimed at energy conservation and […]
Average fuel economy increases, but public’s love of SUV risks future gains
Fuel economy standards spur technology and innovation WASHINGTON _ New cars and trucks averaged a record 24.3 miles per gallon last year, but falling gas prices and America’s rekindled love affair with SUVs could endanger future fuel economy gains. The Environmental Protection Agency said Wednesday that fuel economy rose in 2014 by 0.2 mpg, from […]
GOP pushes to lift oil export ban in scramble to pass spending bill
GOP looks to lift oil export ban, Dems seek environmental concessions WASHINGTON _Republican demands to end the ban on exporting crude oil emerged as a final negotiating point Monday as lawmakers scrambled to complete a year-end spending bill needed to keep the government running. In return for lifting the four-decade-old ban, Democrats were seeking various […]
NRG Energy CEO Crane resigns, COO Mauricio Gutierrez to replace him
NRG Energy shares rose after announcement NRG Energy shares rose Thursday after the power company announced the resignation of long-time CEO David Crane and named a replacement. The company said Crane stepped down immediately, and he will be replaced by Executive Vice-President and Chief Operating Officer Mauricio Gutierrez. Crane had served as CEO since 2003, […]
US oil export ban: Republican dominated House defies veto threat, votes to lift ban
US oil export ban began in 1975 WASHINGTON _ Defying a White House veto threat, the Republican-controlled House on Thursday approved a sweeping bill to boost U.S. energy production, lift a four-decade ban on crude oil exports and modernize the aging electric grid. The first major U.S. energy legislation in nearly a decade, the bill would […]
Ending US oil export ban, easing natural gas barriers, key to economic growth: Bush
US oil export ban created in 1970’s DES MOINES, Iowa – Republican presidential candidate Jeb Bush says ending the ban on U.S. oil exports and easing restrictions on natural gas exports will unleash the nation’s economy. The former Florida governor is calling for ending the 1970s-era law prohibiting the U.S. from exporting crude oil at a time […]
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