Energy

CALIFORNIA:: Santa Barbara Oil Leases Reopened? | CalWatchDog

By at February 18, 2012 | 4:54 pm

CALIFORNIA:: Santa Barbara Oil Leases Reopened? | CalWatchDog

By WAYNE LUSVARDI The Committee on Transportation and Infrastructure of the U.S. House of Representative approved a bill on Thursday Feb. 16. It was HR 7, the American Energy and Infrastructure Jobs Act. It would authorize the Secretary of Interior to resume oil and gas leasing off the Santa Barbara/Ventura and Santa Maria coasts beginning no later than July 1, ... Go To Article

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ENERGY:: Shell Wins Approval of Arctic Spill Response Plan – ABC News

By at February 17, 2012 | 11:14 am

ENERGY:: Shell Wins Approval of Arctic Spill Response Plan – ABC News

Shell Oil cleared one of the last remaining hurdles to Arctic offshore drilling Friday as the federal government said it has approved the company's spill response plan for the Chukchi Sea. Environmentalists and Alaska Natives living along the Arctic Coast have bitterly opposed drilling. Interior Secretary Ken Salazar said in a prepared statement that the federal ... Go To Article

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ENERGY:: House passes GOP energy bill, 237-187 – The Hill

By at February 16, 2012 | 4:17 pm

ENERGY:: House passes GOP energy bill, 237-187 – The Hill

The House on Thursday evening passed a bill that seeks to encourage oil shale development, drilling in the Arctic National Wildlife Refuge (ANWR), and offshore drilling in the Atlantic, Pacific and the Gulf of Mexico, as well as force approval of the Keystone XL oil sands pipeline. The House approved the bill on a party line vote of 237-187. Despite Democratic ... Go To Article

Congress , Economy , Election 2012 , Energy , Featured , General , John Boehner , News , Politics , , , , , ,

ENERGY:: Oil Trades Near 5-Week High on Report Iran Cutting Crude Exports – Businessweek

By at February 15, 2012 | 11:42 pm

ENERGY:: Oil Trades Near 5-Week High on Report Iran Cutting Crude Exports – Businessweek

By Ben Sharples Feb. 16 (Bloomberg) -- Oil traded near a five-week high in New York after reports that Iran halted shipments to Europe and U.S. crude inventories fell for the first time in four weeks. Futures were little changed after climbing 1.1 percent yesterday. Iran stopped crude exports to France and the Netherlands and threatened to end shipments to four ... Go To Article

Economy , Energy , General , Middle East , News , Politics , , , ,

ENERGY:: Jump in Gas Prices Threatens Recovery – WSJ

By at February 15, 2012 | 3:30 pm

ENERGY:: Jump in Gas Prices Threatens Recovery – WSJ

By BEN CASSELMAN And CONOR DOUGHERTY Rising gasoline prices are threatening to stall the U.S. economic recovery just as it appears to be gaining momentum. Prices at the pump have risen sharply in recent weeks. The average price of a gallon of regular gasoline has jumped 13.5 cents to $3.518 in the past week, according to the auto club AAA. Some parts of the country ... Go To Article

Economy , Energy , Featured , General , News , Politics , , , ,

ENERGY:: Rising Gas Prices: Not Demand Driven – Businessweek

By at February 15, 2012 | 9:37 am

ENERGY:: Rising Gas Prices: Not Demand Driven – Businessweek

Gas prices are off to a fast start in 2012. The national average for a gallon of regular gasoline is up more than 8 percent since the end of 2011, rising from $3.25 per gallon to $3.52, according to new data released by the U.S. Energy Information Administration. While gas prices tend to rise through the first half of the year, this is the earliest the average price ... Go To Article

Barack Obama , Economy , Energy , General , News , Politics , , ,

CONGRESS:: GOP breaks up transportation bill – POLITICO

By at February 14, 2012 | 11:44 am

CONGRESS:: GOP breaks up transportation bill – POLITICO

House Republicans are splitting up their mammoth transportation and energy bill in an effort to overcome rising GOP and conservative think tank discontent with the measure. Since the package has run into reluctant Republican lawmakers and a unified Democratic front, leaders decided to let members vote separately on the transportation, energy and pension provisions that ... Go To Article

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ENERGY:: Gas May Hit Four Dollars a Gallon – ABC News

By at February 14, 2012 | 12:18 am

ENERGY:: Gas May Hit Four Dollars a Gallon – ABC News

Gasoline prices could soon hit $4 a gallon, a threshold they haven't flirted with since last spring. The average price paid by U.S. drivers for a gallon of regular now stands at $3.52, according to the U.S. Energy Information Administration, which released its latest figures this afternoon. That price represents an increase of 0.04 percent from a week ago and 0.38 ... Go To Article

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YOUR MONEY:: ‘Takers’ overtake ‘makers,’ threatening American self-reliance – WashEx

By at February 13, 2012 | 12:07 pm

YOUR MONEY:: ‘Takers’ overtake ‘makers,’ threatening American self-reliance – WashEx

Here are four facts that ought to scare the daylights out of every person who cares about preserving individual freedom, economic opportunity and American self-reliance. According to the Heritage Foundation's latest Index of Dependency -- which measures the degree to which individuals rely on benefits funded by the tax payments of other Americans -- these four facts ... Go To Article

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ENERGY:: Crisis in Japan Transforms Global Natural-Gas Market – WSJ

By at February 13, 2012 | 12:40 am

ENERGY:: Crisis in Japan Transforms Global Natural-Gas Market – WSJ

Just as the U.S. is preparing to crank up sales of its vast natural-gas supplies abroad, the global market is being reshaped by Japan—which is suddenly retreating from nuclear power after last year's earthquake. The island nation produces less than 4% of the gas it consumes and must import the rest by ship, a complex and costly process. North America is seeing the ... Go To Article

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