Border adjustment would impose 20 per cent tax on imports By David Morgan WASHINGTON, Jan 24 (Reuters) – A leading Republican lawmaker warned on Tuesday that Congress will not be able to lower the U.S. corporate tax rate to the 15 to 20 per cent range sought by President Donald Trump unless a controversial “border […]
U.S. Republican ties lower business tax rate to border adjustment Read More »
EPA awards billions of dollars in grants and contracts yearly WASHINGTON, Jan 24 (Reuters) – U.S. President Donald Trump’s administration has asked the Environmental Protection Agency to temporarily halt all contracts, grants and interagency agreements pending a review, according to sources. The White House sent a letter to the EPA’s Office of Administration and Resources Management ordering
White House temporarily freezes EPA grants, contracts Read More »
Increase in oil prices spurs more US drilling, production By Scott DiSavino NEW YORK, Jan 24 (Reuters) – Oil prices edged higher on Tuesday ahead of weekly U.S. inventory data on evidence the global market is tightening as lower production by OPEC and other exporters drains stocks. Increased drilling in the United States, however, could
Oil prices rise as OPEC output cuts drain stocks Read More »
Trump has sent messages offering increased assistance to Iraq BAGHDAD, Jan 24 (Reuters) – Iraq’s oil is the property of Iraqis, Prime Minister Haider al-Abadi said on Tuesday, in reaction to U.S. President Donald Trump who argued that the United States should have taken possession of the nation’s crude reserves. In a speech to CIA officials
Iraq PM Abadi says country’s oil is for Iraqis, in reaction to Trump Read More »
More than half a billion dollars was disbursed to 34 federally recognized American Indian tribes In fiscal year (FY) 2016, the US government collected almost $6 billion in revenues from royalties, rental costs, and other fees from activities related to energy production on federal and American Indian lands, according to the Department of Interior’s Office
With low oil prices in 2016, US federal land revenues decline again Read More »
Keystone, Dakota pipelines orders blows to climate, Native American groups By Steve Holland and Valerie Volcovici WASHINGTON, Jan 24 (Reuters) – U.S. President Donald Trump signed orders on Tuesday smoothing the path for the controversial Keystone XL and Dakota Access oil pipelines in a move to expand energy infrastructure and roll back key Obama administration
Trump signs order to move Keystone, Dakota pipelines forward Read More »
Obama said shale revolution led to “first sustained period of rapid GHG emissions reductions and simultaneous economic growth on record” By Seth Whitehead, EnergyInDepth Though often confused due to their similar acronyms, the International Energy Agency (IEA) and U.S. Energy Information Administration (EIA) are separate entities whose respective views on energy are often very different.
EIA and IEA agree: Shale oil and gas will shine in 2017 Read More »
October 2016 production was almost 5% lower than in same month year earlier By John Kemp LONDON (Reuters) – The US gas market has tightened significantly over the last nine months as low prices have spurred strong consumption and exports while slashing drilling of new wells. The market has rebalanced despite an unusually mild winter
US gas market eliminated storage surplus despite warm winter – Kemp Read More »
Standing Rock Sioux says “The pipeline fight has moved beyond the camps and our strategy must evolve” By Terray Sylvester CANNON BALL, N.D., Jan 21 (Reuters) – The Standing Rock Sioux tribal council on Saturday formally asked hundreds of protesters to clear out of three camps near its North Dakota reservation used to stage months of
Standing Rock Sioux formally calls on pipeline protesters to disperse Read More »
Forbes Energy owns well servicing rigs in TX, LA and PA CHICAGO, Jan 23 (Reuters) – U.S. oilfield services company Forbes Energy Services Ltd said it expected to “promptly” emerge from bankruptcy after filing a Chapter 11 plan on Monday with a prepackaged deal to exchange $280 million of debt for equity. Dozens in the
Forbes Energy eyes quick emergence from prepackaged Chapter 11 Read More »
