Archived News - February 2014

McAuliffe will join coalition pushing for off-shore drilling

By:  Reid Wilson, The Washington Post Governors from Mid-Atlantic and Gulf Coast states, including Virginia’s Terry McAuliffe (D), urged Interior Secretary Sally Jewell on Monday to finalize rules that will eventually allow dramatically expanded offshore oil and gas drilling, bringing new industry — and millions in new tax revenue — to some states that have been shut [...]

Gulf of Mexico key to energy security, U.S. officials say

By: UPI Business News WASHINGTON, Feb. 14 (UPI) — One billion barrels of oil and 4 trillion cubic feet of gas could be produced from acreage up for auction in the Gulf of Mexico, U.S. government officials said. U.S. Interior Secretary Sally Jewell and Bureau of Ocean Energy Management Director Tommy Beaudreau announced plans for [...]

Jobs in oil and gas buck national employment trend

By: Simone Sebastian   HOUSTON — While the January jobs report was a disappointing for the national economy, it brought good news about growth in oil and gas. About 206,000 employees worked in the oil and gas extraction sector in January, about 1.8 percent more than in December, according to the Bureau of [...]

How the U.S. Energy Boom is Changing America’s Place in the World

By: Denver Nicks   It wasn’t even five years ago that Iran reelected hardliner Mahmoud Ahmadinejad in a disputed presidential election, openly admitted it was building a uranium enrichment facility and brazenly test-fired missiles capable of hitting targets in Israel. Fast-forward to today: A more conciliatory president, Hassan Rouhani, is making historic overtures [...]

Drillers Eye Gains From Oil-State Senators Heading Panel

By:  Laura Litvan Bloomberg BusinessWeek   They’re senior senators from two of the nation’s top oil-producing states, longtime friends who are about to begin a partnership that has environmentalists uneasy and industry lobbyists counting on a shift in energy policy. Democratic Senator Mary Landrieu of Louisiana will take the gavel at the Senate Energy and [...]

U.S. may be inching toward oil independence

By: Paul Davidson USA Today   U.S. oil imports fell sharply again in 2013 while petroleum exports rose, leading some analysts to proclaim that a new era of energy independence is just a few years away. Experts largely credit new drilling techniques that have unearthed vast troves of previously inaccessible oil embedded in shale deposits [...]

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