Monthly Archives: August 2012


DOE lends 1 million barrels of reserve oil to refiner after Isaac disrupts supplies

The Energy Department is loaning Marathon Petroleum Co., a refining company, one million barrels of crude oil from the nation’s Strategic Petroleum Reserve after Hurricane Isaac forced the suspension of Gulf of Mexico oil production.

“Today’s announcement is part of the broader federal effort to respond to those impacted by Hurricane Isaac,” Energy Secretary Steven Chu […]

By |August 31st, 2012|Featured|1 Comment

Rep. Markey says Hurricane Isaac necessitates update on oil spill cleanup

Rep. Edward Markey (D-Mass.) wants two federal agencies to explain how they will address lingering oil contamination from the 2010 explosion of the BP Deepwater Horizon drilling rig.

Markey told the heads of the Environmental Protection Agency (EPA) and the National Oceanic and Atmospheric Administration (NOAA) in letters sent Friday that Hurricane Isaac makes the Gulf […]

By |August 31st, 2012|Featured|1 Comment

House GOP: Offshore permitting still broken despite Shell’s go-ahead

House Republicans aren’t ready to lavish praise on the Obama administration despite approval of the launch of Shell’s long-planned Arctic oil exploration off Alaska’s northern coast.

The Interior Department said Thursday that it’s allowing Shell to proceed with initial drilling in the Chukchi Sea, but isn’t letting the company drill into oil-bearing zones – yet.

“Interior’s […]

By |August 31st, 2012|Featured|1 Comment

KPMG Research Highlights Commonsense Water Management Efforts Across the Marcellus Shale

A new KPMG analysis released this week – entitled “Watered-Down: Minimizing Water Risks in Shale Gas and Oil Drilling” – highlights the commonsense practices and technologies related to natural gas development from the Marcellus Shale aimed at ensuring water quality and the environment are protected and kept safe.

Interestingly, while some continue to suggest that hydraulic […]

News bites: Hurricane Isaac’s energy mark appears light

The Wall Street Journal reports on signs that Hurricane Isaac did little damage to refineries and offshore oil-and-gas platforms in its path.

“Analysts with Tudor, Pickering, Holt Co. said energy markets aren’t expecting ‘lasting disruptions’ but they are ‘looking for confirmation of this’ from oil and gas companies,” the paper reports from Houston.

The Washington Post […]

By |August 31st, 2012|Featured|1 Comment

Romney speech to mock Obama climate pledge

Mitt Romney’s speech accepting the GOP nomination will mock President Obama’s claim that 2008 would mark a turning point in the battle against climate change.

“President Obama promised to slow the rise of the oceans and to heal the planet. My promise … is to help you and your family,” Romney intends to say at GOP […]

By |August 31st, 2012|Featured|1 Comment

Probe doesn’t back allegations of ‘impropriety’ in energy loan program

The Energy Department’s (DOE) internal watchdog has not found evidence to back claims of “improprieties” in DOE’s review of conflicts of interest among law firms retained to help vet green energy loan applications.

“We did not substantiate the specific allegations that were the predicate for this inquiry,” the department’s Office of Inspector General (IG) concludes in […]

By |August 30th, 2012|Featured|1 Comment

Obama sets new energy efficiency goal

With comprehensive energy efficiency legislation cooling on the congressional back burner, President Obama issued an executive order Thursday to spur energy efficiency upgrades at manufacturing facilities.

The administration said reaching the goals outlined in the order will reduce energy costs by $10 billion annually and attract between $40 billion and $80 billion in private investment.

“Today, we […]

By |August 30th, 2012|Featured|1 Comment

Rep. Flores says energy deal possible even if President Obama is reelected

Texas Rep. Bill Flores says momentum for a bipartisan agreement on energy policy will depend on gasoline prices. 

Rep. Bill Flores (R-Texas) said on Thursday it remains politically possible for Congress to strike a deal on energy legislation even if President Obama gets reelected, but the likelihood of reaching a compromise will depend on prices at […]

By |August 30th, 2012|Featured|1 Comment

Road builders: Higher emission rules will drain highway money

The America Road and Transportation Builders Association (ARTBA) said Thursday that higher gas mileage requirements for cars enacted this week by the Obama administration will make less fuel tax money available to pay for construction projects.

The Washington, D.C.-based ARBTA said the administration’s proposal to require cars to get 54.5 miles per gallon in 2025 […]

By |August 30th, 2012|Featured|1 Comment