EPA Suspends BP From New Federal Government Contracts

By: Wednesday November 28, 2012 8:30 am

The Environmental Protection Agency has temporarily suspended BP from any new contracts with the federal government. In a statement, the EPA attributes this action to “BP’s lack of business integrity as demonstrated by the company’s conduct with regard to the Deepwater Horizon blowout, explosion, oil spill, and response, as reflected by the filing of a [...]

Gulf Coast Oil Rig Explosion Kills Two

By: Friday November 16, 2012 10:11 am

A day after a record $4.5 billion criminal settlement in the BP oil disaster, another Gulf Coast oil rig exploded. An oil rig explosion off the coast of Louisiana sent four people to hospital Friday and two others were believed to be missing, Coast Guard officials said. Coast Guard spokesman Drake Foret said the fire [...]

The Fate of Energy Policy in the Lame Duck Session

By: Wednesday November 14, 2012 8:30 am

I don’t think the late-in-the-game bid for a carbon tax will come to pass, but energy policy will become critical in the coming weeks, with expiring measures and controversial subsidies up for bid. The biggest threat to our energy future in the near term – and that’s not much of a hyperbole – is the [...]

The US: The Saudi Arabia of Oil

By: Wednesday October 24, 2012 7:01 am

I recall hearing quite a bit from various governors that the US is the “Saudi Arabia of coal” or the “Saudi Arabia of wind,” or whatever natural resource they had in abundance. Now, according to AP energy writer Jonathan Fahey, the US verges on becoming the Saudi Arabia… of oil. U.S. oil output is surging [...]

The Surging Coal Export Industry

By: Tuesday October 23, 2012 12:27 pm

Matt Stoller has an interesting set of charts showing the recent run up in investment in resource extraction, particularly from the oil and gas industry. Matt explains this mostly through the run-up of shale oil and natural gas extraction, which have both advanced significantly in the US. Renewables are increasing as well, but from an [...]

Wind Energy’s Boom and Bust Cycles

By: Thursday October 18, 2012 11:36 am

Tim McDonnell has a good, depressing piece on the wind power industry scrambling to extend the production tax credit, and the carnage that will face the industry if they fail. This has been turned into an electoral issue because of the prominence of the industry in swing states like Iowa and Colorado, and because Mitt [...]

The Depressing Energy Debate in America

By: Wednesday October 17, 2012 7:39 am

Anyone hoping to see an end to our policies of encouraging the burning of fossil fuels certainly winced at the energy section of last night’s debate, which did not mention climate change but did feature both candidates trying to convince the country that they would deliver more coal and oil-based domestic energy.

Democrats Continue to Push Speculation Angle on Gas Prices

By: Thursday April 5, 2012 10:34 am

House Democrats have continued their efforts to keep the notion of oil speculation driving the run-up in gas prices at the head of the national conversation. Yesterday, the House Democratic Steering and Policy Committee held a hearing on over-speculation and its impact on the market, attended by, among others, Democratic Leader Nancy Pelosi. In remarks [...]

Send in the Message Votes to Congress

By: Monday March 26, 2012 7:40 am

We all know about the Paul Ryan budget, which will get a vote on the House floor this week, only one week after it was introduced. Both sides feel they have a story to tell about that budget: Republicans because they’re passing a budget at all, Democrats because that budget is unnecessarily cruel, forces the [...]

Obama Announces Expedited Review for Southern Half of Keystone XL Pipeline

By: Thursday March 22, 2012 12:20 pm

The President held his event in Cushing, Oklahoma, this morning, announcing an expedited review of the southern half of the Keystone XL pipeline, which will move oil from Cushing to refineries at Port Arthur, Texas (in all likelihood raising gas prices in parts of the Midwest). And as Oklahomans listened and Native American protesters demonstrated [...]

Speculation Responsible for Portion of Oil Price Run-Up, But Administration Looks Elsewhere for Solutions

By: Wednesday March 21, 2012 7:42 am

Economists at the Federal Reserve Bank of St. Louis estimate that Wall Street speculation is now the second-largest contributor to oil prices, accounting for 15% of the increase in oil prices over the last decade – correlating strongly with the expansion of commodity trading and speculation in oil futures. This makes speculation perhaps the most [...]

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