Post Tagged with: "Congress"

Wall Street Retreats as Rate Cut Expectations Ease

Wall Street Retreats as Rate Cut Expectations Ease

From Reuters


U.S. stocks declined on Friday, as the S&P 500 retreated after closing at a record for three straight sessions, following an unexpectedly strong U.S. payrolls report that caused investors to rethink how dovish a turn the Federal Reserve …

July 5, 2019 - 6:45 am Closing Bell Story‎, Economy, Energy News, Finance
White House Trade Adviser Navarro, Senator Grassley Believe Mexico Tariffs Unlikely to Happen

White House Trade Adviser Navarro, Senator Grassley Believe Mexico Tariffs Unlikely to Happen

From Reuters


WASHINGTON (Reuters) – A White House trade adviser and a leading Republican senator said on Wednesday that a U.S. plan to impose tariffs on Mexican goods might not go into effect, offering hope for Mexico and American businesses …

Trump, Congress Reach Tentative Deal to Reopen Government for Three Weeks

Trump, Congress Reach Tentative Deal to Reopen Government for Three Weeks

From The Wall Street Journal

President Trump said Friday he had reached a deal with congressional leaders to reopen the government for three weeks while negotiations over border security funding continue, marking at least a temporary concession by the president …

January 25, 2019 - 3:55 pm Closing Bell Story‎, Energy News
As Climate Conversation Shifts, Pipeline Sector Looks to Educate New Lawmakers

As Climate Conversation Shifts, Pipeline Sector Looks to Educate New Lawmakers

From S&P Global/Platts

Industry maintains role in ‘logical’ transition to lower carbon system

Washington — As debate over responses to climate change gains a higher profile in Washington, the major trade group representing interstate natural gas pipelines said it is …

January 15, 2019 - 3:56 pm Closing Bell Story‎, Energy News, Midstream
Congress Readies to Sell off Empty Space in Strategic Petroleum Reserve

Congress Readies to Sell off Empty Space in Strategic Petroleum Reserve

What to do with a vast government complex of underground salt caverns that once held hundreds of millions of barrels of oil?

As Congress steadily sells off the oil contained within the Strategic Petroleum Reserve – residing 1,000 feet beneath …

Image: Oil & Gas 360

100 Million Barrels of Strategic Oil Reserves to be Sold

Recent U.S. legislation has directed the sale of more than 100 million barrels of oil from the Strategic Petroleum Reserve (SPR) in government fiscal years 2022 through 2027.

Based on legislated sales established in multiple acts of Congress, the SPR …

February 26, 2018 - 2:05 pm Closing Bell Story‎, Finance, Law, Oil and Gas 360 Articles
Energy and Power Subcommittee Approves Draft of the Pipeline Safety Act of 2016

Energy and Power Subcommittee Approves Draft of the Pipeline Safety Act of 2016

The Energy and Power Subcommittee has unanimously approved a discussion draft of the Pipeline Safety Act of 2016 to the full committee for consideration. The committee is working to enact pipeline safety reform and the bill is in the mark-up …

Coming this Week: Ending the 40-Year Oil Export Ban and 9 Years of Zero Interest… Maybe

Coming this Week: Ending the 40-Year Oil Export Ban and 9 Years of Zero Interest… Maybe

Congress expected to vote to lift crude oil export ban; economists worry about low inflation

An end to the more than 40-year old crude oil export ban could soon be approaching. Members of Senate this week are expected to include …

House Set to Vote on Export Ban in September

House Set to Vote on Export Ban in September

House Majority Leader expected to announce vote today

Oil companies have been pushing hard in the last year to see the end of a four-decade-old ban on the export of U.S. crude oil. “The growing supply of American oil is …

September 15, 2015 - 2:47 pm Oil and Gas 360 Articles, Politics & Opinions, Regulatory
Source: theiet.org

Iran Deal Reached: Predictions on Added Crude Exports Range from 400-800 MBOPD

Opinions vary widely on how much Iranian crude will hit the market and when we can expect to see it

The much anticipated deal between Iran and the five permanent members of the U.N. Security Council, plus Germany (P5+1), was …

Keystone XL:  Obama Veto Override Fails by 5 Votes

Keystone XL: Obama Veto Override Fails by 5 Votes

The Senate is unable to override the president’s veto of TransCanada’s (ticker: TRP) Keystone XL pipeline

The Senate was unable today to override President Obama’s veto of a bill that would have allowed for the construction of the Keystone XL …

March 4, 2015 - 5:06 pm Canada, Oil and Gas 360 Articles, Politics & Opinions
New Bill to Speed up NatGas Exports

New Bill to Speed up NatGas Exports

“LNG Permitting Certainty and Transparency Act” set to expedite LNG exports

Senators John Barrasso (R-WY) and Martin Heinrich (D-NM) introduced a bipartisan bill to Congress this week that will help to speed up approval times for liquid natural gas (LNG) …

January 8, 2015 - 6:19 pm Oil and Gas 360 Articles, Politics & Opinions, Regulatory
Energy and Commerce Committee Chairman Upton’s “Architecture of Abundance”

Energy and Commerce Committee Chairman Upton’s “Architecture of Abundance”

During the EIA Energy Conference last week, July 14 to July 15, Michigan’s Representative Fred Upton (R) gave a speech about his ideal energy future. He called his plan the “Architecture of Abundance.” It is  a plan with five pillars:…

Gardner’s LNG Bill Zips Through the House

Gardner’s LNG Bill Zips Through the House

According to govtrack.us, U.S. Representative Cory Gardner passed his H.R. 6 bill, also known as the Domestic Prosperity and Global Freedom Act, through the House on June 25, 2014. The bill passed on a count of 266-150, with 46 …

June 26, 2014 - 5:10 pm Oil and Gas 360 Articles

U.S. and Mexico to Jointly Develop Gulf of Mexico

An agreement between the U.S. and Mexico is prompting U.S. oil and gas offshore operators in the Gulf of Mexico to brush up on their Spanish.

The passage of H.R. 1613 in the U.S. House of Representative is expected to …

July 3, 2013 - 11:44 am Offshore, Oil and Gas 360 Articles, Politics & Opinions