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BloombergThis morning, Chester Carson of Senator Lisa Murkowski's staff announced her release of this report that finds that the United States is the only advanced nation in the world with a ban on oil exports. The report – A Ban for One: The Outdated Prohibition on U.S. Oil Exports in Global Context – shows that of the 34 member countries in the Organization for Economic Cooperation and Development (OECD), the United States is the only member to prohibit oil exports.
Sen. Murkowski urges White House to fully end crude exports ban …
Senate Energy and Natural Resources Committee ranking member Lisa Murkowski, (NGP Photo), called on the Obama administration on Tuesday to completely end restrictions on crude oil exports. "The rules remain outdated, nonetheless, and should be modernized," she said. Murkowski still lauded the Commerce Department's ruling to authorize condensate exports as a positive move to adapt policies to the current U.S. energy landscape. United Press International.
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The Obama Administration has spent the last five and a half years placing our energy resources on federal lands and waters under tight lock-and-key. Offshore areas have been placed off-limits, scheduled exploration off Virginia was canceled, and over half of the National Petroleum Reserve-Alaska (NPR-A) has been closed to energy production. That’s why it’s no surprise that since President Obama took office, total federal oil production has dropped six percent and total natural gas production has dropped 28 percent. Meanwhile, gasoline prices have doubled during Obama’s presidency. H.R. 4899 would reverse this trend and unlock our American energy. The bill would implement a drill-smart plan that would expand offshore energy production and safely open new areas that contain the most oil and natural gas resources – such as the Mid-Atlantic, Southern Pacific, and Arctic. It would require the Secretary to conduct specific oil and natural gas lease sales, including offshore Virginia that was delayed and then canceled by the Obama Administration. The bill would also establish fair and equitable revenue sharing for all coastal states and improve safety by reorganizing the Interior Department’s offshore energy agencies. |
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He says that pipeline won’t just open up new markets for Alberta crude — it will also benefit markets for new oil discoveries that might be tapped in NWT.
“We need to find markets for our oil and gas potential. The United States they have significant amounts of shale gas. Obviously we have to look at other markets. One of the ways is to look at Asia, China and those places.”
But Mcleod is cautious about the project, pointing out that the Mackenzie Valley gas pipeline was approved in 2011, but never built.
New petroleum office in Inuvik
McLeod made the comments during the opening of a new Petroleum Resources Division office in Inuvik, N.W.T. (Read More Here)
TODAY'S Consumer Energy Alliance energy links:
BuildKXLNow.org: Rural Texas Counties See Boost from Gulf Coast Pipeline construction
Construction from the Gulf Coast Pipeline brought $3.6 billion in new economic activity and $1.7 billion in wages for area workers, a new report prepared for Consumer Energy Alliance by the Maguire Energy Institute at Southern Methodist University finds.
BuildKXLNow.org: Oklahoma Economy Finds a Boost from Pipeline Construction
Oklahoma benefited from $2.1 billion in new economic activity and $72 million in local tax revenue from the 17 months of construction for the Gulf Coast Pipeline project, a new report released today from Consumer Energy Alliance.
Bloomberg: Incentives for Carbon to Help Keystone Bid, Canada's Liberal Party Leader Says
Justin Trudeau says he would bolster Canada’s case for approval of the Keystone XL pipeline by introducing financial incentives to curb greenhouse-gas emissions in the oil and gas industry.
The Hill: Landrieu to talk Keystone in White House meeting
Sen. Mary Landrieu (D-La.) said Wednesday that she plans to bring up the Keystone XL pipeline during a meeting with President Obama Wednesday evening.Obama will host the Senate Democrats for the meeting, which is expected to last for roughly an hour.
The Hill: McConnell pins blame on moderate Dems for no Keystone vote
Senate Minority Leader Mitch McConnell (R-Ky.) blamed moderate Democrats for the lack of a vote on building the Keystone XL pipeline. Earlier this year, Senate Majority Leader Harry Reid (D-Nev.) offered to hold a vote on Keystone in exchange for passage of an energy efficiency bill. Vulnerable senators up for reelection this year, such as Sen. Mary Landrieu (D-La.) pushed for the vote. But it ultimately never happened because of the larger disagreement over amendments.
E&E Publishing: Record-low number of Dems join GOP on pro-pipelines bill as 'energy week' continues
Seventeen House Democrats yesterday joined all but one Republican in voting to replace the presidential permitting process that Keystone XL has been mired in for years with a faster path to approval of energy infrastructure.
Williston Herald: Public Service Commission approves pipeline
The North Dakota Public Service Commission on Wednesday approved a permit for a new crude pipeline that will carry two times more oil than the proposed Keystone XL pipeline between Tioga and Grand Forks.
Bloomberg BNA: One Year Into Obama's Climate Action Plan, Limits on Executive Actions Remain Obvious
A year after President Barack Obama announced he wouldn't wait for a reluctant Congress to address climate change and unveiled a plan for tackling the issue, it is becoming increasingly clear his administration will have to move at a fast clip to get a package of regulatory actions finalized before his second term ends two and a half years from now.
Reuters: UPDATE 1-U.S. House passes bill speeding up decisions on LNG export requests
The U.S. House of Representatives on Wednesday approved legislation that would set a deadline for Energy Department reviews of liquefied natural gas export applications, a move aimed at securing swifter approvals for shipping gas overseas.
Reuters: It's time to separate myths from reality in LNG
The gap between perception and myth in liquefied natural gas (LNG) is widening, with both buyers and suppliers appearing to subscribe to views that bear limited resemblance to reality.
Washington Post: America's getting older, except in the energy rush states in the Plains
In the 1800s, America’s young men went West for gold. Today, younger folks are heading to the heartland for oil and gas. As a result, while the rest of America is getting older, there’s a chunk of the country that’s getting younger, according to census data released today.
Washington Examiner: How Obama gave hope to supporters of exports
Supporters of ending a ban on crude oil exports said the Commerce Department's quiet decision to allow a pair of companies to send abroad minimally processed, ultra-light oil known as condensate was a good first step, but nothing more.
Oil & Gas Journal: ICF: US needs ethane export capacity to sustain shale gas boom
Greater investment in infrastructure is needed to ensure that rising NGL production in the US can reach international markets. Without it, a glut will form, placing downward pressure on prices and eroding the economics of shale gas drilling.
Financial Post: U.S. clarifies which crude can be exported
News that companies can export a type of ultra-light crude if it has been minimally refined pushed U.S. oil prices higher, and triggered a realignment in energy stocks, with refiner shares sagging while those in several oil and gas producers jumped.
Pittsburgh Post-Gazette: House, Senate advance bills to split oil, gas regulations
State House and Senate committees voted Wednesday to advance bills that would separate environmental regulations for the traditional drilling industry from rules designed for shale gas development. The identical bills, House Bill 2350 and Senate Bill 1378, moved forward with amendments to clarify that both proposed and existing regulations that apply to oil and gas wells should be split by the state‘s environmental rulemaking board to address the two industries separately.
Times-Tribune: Lackawanna College President Volk touts college's drilling programs
The president of Lackawanna College pitched the school’s successful program to train workers for gas field jobs as a possible national model to members of Congress. College President Mark Volk appeared Tuesday before a subcommittee on Energy and Mineral Resources which took testimony regarding “American Energy Jobs: Opportunities for Education.”
Tribune-Review: Senators discussing mix of taxes to help close Pennsylvania's budget gap
Taxes on natural gas, cigarettes, snuff and cigars, and forgoing a scheduled business tax reduction are part of the potential budget plan under discussion by Senate leaders of both parties, Minority Leader Jay Costa said on Wednesday. Costa, D-Forest Hills, said lawmakers need to raise money to fill gaps between tax collections and spending in a House-passed, $29.1 billion budget that includes $380 million from privatizing liquor sales, something the Senate isn't likely to embrace.
Denver Post: A measure of sense in Loveland vote
Congratulations to Loveland voters for refusing to endorse a phony "moratorium" on drilling that was actually an excuse to ban oil and gas operations for a couple of years. But while Loveland's "no" stopped the run of success that anti-fracking activists enjoyed in Boulder, Larimer and Broomfield counties, it only hints at the epic struggle to come if ballot measures meant to limit drilling go to state voters this fall.
Ohio.com: Loveland voters reject two-year fracking moratorium
The Colorado municipality of Loveland has rejected a fracking moratorium that would have made it the sixth community to limit or ban hydraulic fracturing. The two-year moratorium failed by about 1,000 votes, out of about 23,000 ballots cast. Five other municipalities in Colorado have voted to limit or ban hydraulic fracturing, an action that state oil and gas regulators have said isn’t permitted.
The Pueblo Chieftain: Fracking vote doesn’t end talk of special session
A victory for the oil and gas industry in a pro-fracking vote in Loveland didn’t stop talk of a special legislative session to tackle new curbs on the practice in Colorado.Voters in the Larimer County town rejected a ballot measure on Tuesday that called for a local moratorium on hydraulic fracturing, a drilling procedure known as fracking.
Gulfnews.com: US shale oil production to reach 9.6m bpd by 2019
Abu Dhabi: The United States’ shale oil production is expected to grow from its current capacity of 8.4 million barrels per day (bpd) to 9.6 million bpd by 2019, US Deputy Secretary of Energy, Daniel Poneman, said on Tuesday.
Bakersfield Californian: Oil industry keeps faith in the Monterey Shale
In a series of presentations heavy on geological and engineering detail, speakers encouraged attendees to keep working to tap a formation the U.S. Energy Information Administration believed as recently as last year contained roughly 14 billion barrels of oil, making it the largest shale petroleum deposit in the country.
News Review: Let drilling begin
The first commercial hydraulic fracturing project on public lands in the state of Nevada has just been approved by the Bureau of Land Management and will be four miles northwest of Wells, Nev. The project is Noble Energy’s Mary’s River Project.
Bismarck Tribune: North Dakota celebrates 1 million b/d production level
It took 63 long years to get from that lonely well out on the Iverson place to this new frenetic world of more than 10,000 wells and 1 million barrels a day, with most coming on in the past seven years, thanks to hydraulic fracturing technology. (this seems familiar – can you check the date to make sure that it’s from the last 24 hours?)
WWNTRadio: Senators Push Administration for Expanded Offshore Drilling in Next 5-Year OCS Leasing Plan
Today, U.S. Sen. David Vitter (R-La.), top Republican on the Environment and Public Works Committee, along with Sens. Roger Wicker (R-Miss.), Jeff Sessions (R-Ala.), and Tim Scott (R-S.C.) sent a letter to Sally Jewell, Secretary of the Department of Interior, regarding the Department’s oil and gas leasing plan for 2017 through 2022 on the Outer Continental Shelf (OCS).
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