Obama repeats call to end oil industry tax breaks *updated*
With anxiety about the cost of gas soaring along with prices at the pump, President Barack Obama today implored congressional leaders to repeal a portfolio of tax deductions reserved for the oil and...
View ArticleLove, hate and indifference for the new shale fracking study
Reaction to a Department of Energy-backed report on ways to improve the environmental impact of hydraulic fracturing and natural gas drilling has been mixed. News reports on the study have also been...
View ArticleOil industry lobbies feds for sunlight on endangered species reviews
Oil industry leaders are pleading for a window into the government's court-ordered review of whether to give endangered species protections to hundreds of plants and animals.
View ArticleFeds make concessions to oil industry in new hydraulic fracturing rule
The Obama administration on Thursday unveiled a new plan to tighten standards for drilling on public lands and force companies to reveal the chemicals they use in the process, after making significant...
View ArticleFeds give Texas project license to broadly export LNG
The Obama administration on Friday gave Freeport LNG approval to broadly export domestically harvested natural gas, marking only the second time a U.S. company has won such a license. The export...
View ArticleOil lobby asks for more time to vet drilling standards
The oil and gas lobby is adding its voice to a growing chorus of lawmakers, environmentalists and industry representatives pleading for more time to review a proposal to stiffen standards for drilling...
View ArticleSenate plan takes aim at oil industry tax breaks
Senate Finance Committee Chairman Max Baucus on Thursday unveiled a proposal to spike a raft of oil industry tax breaks as part of a broader plan to lower the corporate tax rate.
View ArticleTax proposal would deal big blows to Big Oil
Rep. Dave Camp's plan to overhaul the nation's tax code would deal major blows to independent refiners and the nation's biggest oil and gas companies, blocking them from taking some long-cherished...
View ArticleIndustry presses feds to keep Atlantic drilling on the table
Oil industry advocates are imploring regulators to keep 14 proposed offshore lease sales on the books.
View ArticleIndustry swiftly challenges feds’ new fracturing rule
The lawsuit brought by the Independent Petroleum Association of America and the Western Energy Alliance challenges the new mandates as "a reaction to unsubstantiated concerns."
View ArticleNuclear deal will fuel oil export push
The nuclear deal with Iran is expected to give oil export advocates even more leverage.
View ArticleAdministration balks at GOP-led effort to lift oil export ban
House Majority Leader Kevin McCarthy, R-California, is set to tell a Houston audience that the chamber will vote this month on a measure lifting the oil export ban, but the White House doesn't back the...
View ArticleWhite House threatens to veto oil export bill
The White House's statement against the export bill could stiffen the resolve of some Democrats who were leaning toward a "no" vote but facing intense pressure to support liberalized crude trade.
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