User: flenvcenter Topic: Energy-National
Category: Fossil Fuels :: Oil and Gas
Last updated: Jun 25 2017 05:45 IST RSS 2.0
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Energy stocks dive again as oil drops, offsetting tech and healthcare gains 22.6.2017 LA Times: Commentary

Energy stocks dived again Wednesday as oil dropped to its lowest price since last summer, extending their dismal start to the year. Gains for healthcare and technology stocks helped restrict losses for broader market indexes.

The Standard & Poor's 500 index slipped 1.42 points, or 0.1%, to 2,435.61....

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Top U.S. truck fleets pave way to fuel efficiency 22.6.2017 Resource Efficiency |
Run on Less is a first-of-its-kind cross-country roadshow organized by Carbon War Room and the North American Council for Freight Efficiency to showcase advances in fuel efficiency.
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Michigan cuts ties to contractor on oil spill analysis 21.6.2017 Seattle Times: Business & Technology

LANSING, Mich. (AP) — A company hired to analyze the worst-case scenario of an oil pipeline failure in the Straits of Mackinac has been fired because of a conflict of interest with Enbridge Energy, the state of Michigan announced Wednesday. An employee on the project subsequently worked on another project for Enbridge, which owns Line […]
Stocks hold steady as oil's slide halts 21.6.2017 LA Times: Business

U.S. stock indexes held steady in early trading Wednesday after the price of oil stabilized. Markets around the world were mixed; stocks in mainland China got a small boost after they got the OK to join a widely followed index of emerging-market stocks.

KEEPING SCORE: The Standard & Poor's 500...

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13 red states threaten to sue over a California initiative to fight climate change 21.6.2017 LA Times: Commentary

You can say one thing for California’s initiatives aimed at stemming fossil-fuel-driven climate change: They have the ability to drive conservative politicians from oil, gas and coal states batty.

There’s no other explanation for the overheated and borderline hysterical letter issued this week...

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Stocks falter as oil slides to its lowest price of 2017 21.6.2017 LA Times: Business

U.S. stock indexes retreated from their record heights Tuesday after a slump in the price of oil weighed on energy companies.

The Standard & Poor's 500 index slid 16.43 points, or 0.7%, to 2,437.03, and the Dow Jones industrial average fell 61.85 points, or 0.3%, to 21,467.14. Both the S&P 500...

Zinke defends Trump’s sharp cuts at Interior. ‘This is what a balanced budget looks like.’ 21.6.2017 Salt Lake Tribune
Washington • Interior Secretary Ryan Zinke on Tuesday defended the $1.6 billion funding cuts President Donald Trump has proposed for his department, telling a Senate hearing that “this is what a balanced budget looks like.” But Democrats on the Committee on Energy and Natural Resources took issue with the $400 million that the national parks would lose in fiscal 2018, which they said would trigger staff reductions at 90 percent of them. They also questioned the $370 million in cuts the Bureau of...
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Slumping oil prices rein in stock indexes 21.6.2017 Salt Lake Tribune
New York • The price of oil slumped to its lowest level of the year on Tuesday and helped to restrain U.S. stock indexes, which set records a day earlier. KEEPING SCORE: The Standard & Poor’s 500 index dipped 11 points, or 0.5 percent, to 2,441, as of 12:26 p.m. Mountain time. The Dow Jones industrial average lost 33 points, or 0.2 percent, to 21,497. Both the S&P 500 and Dow set records on Monday thanks to big gains from technology stocks. The Nasdaq composite lost 32 points, or 0.5 percent, to... <iframe src="" height="1" width="1" > </frame>
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A Big Oil-Backed GOP Proposal For A Carbon Tax Is Just As Suspect As It Sounds 21.6.2017 Politics on
In February, a cadre of Republican elder statesmen unveiled their plan to put a tax on carbon emissions, arguing that “mounting evidence of climate change is growing too strong to ignore.” That plan got the backing of Big Oil on Tuesday, as Exxon Mobil Corp., BP, Royal Dutch Shell and Total announced a new campaign to push Congress to consider passing a carbon tax. Those companies are getting a lot of credit for supporting a carbon tax. But they also have a record of doing so when it seems highly unlikely that such a policy would pass Congress and get a presidential signature. And the industry has a history of working to undermine plans to price carbon when they do stand a chance of becoming a reality. The Republican-backed carbon tax already has the support of former Treasury Secretary James Baker and former Secretary of Labor George Shultz, who have aligned with business and environmental leaders under the banner of the Climate Leadership Council. Industrial heavyweights, including Johnson & Johnson ...
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Opposition focuses fury on Tzeporah Berman, ignores oil sands advisory group consensus recommendations … why? 20.6.2017 - News for the rest of us
David J. Climenhaga Do the leaders of the Wildrose and Progressive Conservative parties and the participants in the media echo chamber that typically supports them have a substantive criticism of the recommendations of the Alberta NDP government's Oil Sands Advisory Group, or do they just like attacking Tzeporah Berman? This is a serious question. It should be an important question for Albertans and other Canadians, regardless of their views of the merits of oil sands development, because the OSAG committee was made up of people with a range of opinions, some from industry, some from the environmental groups and some from municipalities and First Nations communities. So someone really ought to ask Wildrose Leader Brian Jean and Progressive Conservative Leader Jason Kenney and the other right-wing figures who have pilloried Berman if they think the work of, for example, industry co-chair Dave Collyer, a former president of the Canadian Association of Petroleum Producers, should be treated with the same ...
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Two fundamental EPA climate programs survive EPA cuts, but budget still required to track and mitigate U.S. emissions 20.6.2017 Main Feed - Environmental Defense
The federal administration’s proposed budget cuts to the EPA are devastating . Nearly all climate-related programs are proposed to be cut or greatly reduced, including the popular ENERGY STAR program. Yet two critical climate EPA programs have maintained partial funding in the current proposal – the Greenhouse Gas Inventory (GHGI) and Greenhouse Gas Reporting Program (GHGRP).  These programs provide critical reports each year outlining U.S. man-made greenhouse emissions across the country. These informative reports are vital to the energy sector and our regional climate initiatives and must be preserved by this and future federal administrations. If we are not measuring and tracking our annual output of greenhouse gases, our ability to verifiably reduce our emissions becomes severely impaired. Our country – along with public and industry stakeholders across the work –needs access to this U.S. data each year in order to understand patterns and trends in greenhouse gas emissions.  Transparent reporting of ...
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When Trump’s agencies undermine small businesses supporting responsible energy 20.6.2017 Main Feed - Environmental Defense
By Ben Ratner Every physician would tell you that regular check-ups are important for your health, to catch problems before they become big issues, and to let you know that everything is in working order. Regular check-ups are also important for the oil and natural gas industry, whose leading actors benefit from periodic site inspections for natural gas leaks, which let product go to waste and pollute the air our families breathe. Unfortunately, EPA Administrator Scott Pruitt slammed the brakes on these regular check-ups for methane emissions (the main component of natural gas), when EPA announced its intention to freeze for two years safeguards that include a national standard for twice annual leak detection inspections at new well pads. And mere hours later, the Bureau of Land Management suspended waste prevention standards on federal and tribal lands. While these actions might initially be popular among some in the oil & gas community in Texas, the long-term repercussions will be severe. With ...
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Zinke pledges to enforce Obama-era methane rule amid rewrite 20.6.2017 Seattle Times: Nation & World

WASHINGTON (AP) — Interior Secretary Ryan Zinke says the Trump administration will enforce an Obama-era regulation aimed at restricting harmful methane emissions from oil and gas production, even as it seeks to rewrite the rule to be more industry-friendly. Zinke told a Senate committee Tuesday that Interior will enforce those parts of the methane regulation […]
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Slumping oil prices rein in stock indexes 20.6.2017 Seattle Times: Business & Technology

NEW YORK (AP) — The price of oil slumped to its lowest level of the year on Tuesday and helped to restrain U.S. stock indexes, which set records a day earlier. KEEPING SCORE: The Standard & Poor’s 500 index dipped 8 points, or 0.3 percent, to 2,445, as of 10:30 a.m. Eastern time. The Dow […]
Letter: Big oil’s interests, and ours 20.6.2017 Salt Lake Tribune
On Jan. 13, a letter was sent to Sen. Lisa Murkowski and Rep. Rob Bishop, chairpersons of the Senate and House National Resource Committees, respectively. It reads, in part; “The American Petroleum Institute (API) has been monitoring President Obama’s use of the Antiquities Act of 1906 to set aside acreage from development by designating extensive areas of public lands as national monuments. Many of our members explore for and produce oil and natural gas resources on federal offshore and onshore...
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Electric buses are L.A.'s transit future 20.6.2017 LA Times: Commentary

When the Los Angeles Metropolitan Transportation Authority retired its last diesel-powered bus in 2011, it became the first major transit agency in the nation to completely switch its fleet to alternative-fuel technologies, demonstrating in the years that followed that buses running on cleaner...

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The Energy 202: Exxon, GM and Pepsi plan to back carbon tax floated by ex-GOP officials 20.6.2017 Washington Post: Politics
The proposal would rollback Obama-era environmental regulations.
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Frackers Collide With Traditional Oil Drillers 20.6.2017 Wall St. Journal: US Business
Supersized new oil wells are sometimes running into existing wells, a little-noticed consequence of the shale boom that has started to trigger lawsuits.
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In Supreme Court Case, Trump Sides with the Forgotten Corporation 20.6.2017 American Prospect
Flickr So much for Trump’s forgotten man. It’s the poor and forgotten corporation he’s truly worried about. President Trump’s Justice Department has switched sides in a major labor law case headed to the Supreme Court, announcing that it will no longer argue in favor of wronged employees and will instead line up behind corporations that hope to further strip workers of their legal leverage and funnel them into management-friendly arbitration schemes. It’s just the latest move in the Trump administration’s crusade to undo labor advances made during former President Barack Obama’s administration and give corporations greater flexibility to push around workers. The case, NLRB v. Murphy Oil , centers on whether employment contracts that waive an employee’s right to join a class-action lawsuit—and compel then to settle disputes through mandatory arbitration—violate the National Labor Relations Act. The Obama White House had filed an amicus brief in favor of the National Labor Relations Board’s ruling that ...
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Australia to restrict gas exports due to domestic shortage 20.6.2017 Washington Post: World
Australia’s government will restrict gas exports from next year in an effort to contain soaring energy prices in the domestic market, the prime minister said Tuesday.
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