Post Tagged with: "Democrats"

Source: Oil Price

Democrats propose buying and selling oil to fund EV rollout

Oil Price


Several Democratic Representatives have proposed new legislation that would allow the Department of Energy to buy and sell oil with the purpose of lowering gasoline prices and funding electric vehicle charging infrastructure.

 

Congressman Frank Pallone, Jr. introduced …

Source: World Oil

Democrats’ oil import tax would violate Biden pledge, group says

World Oil


(Bloomberg) — Democrats’ plan to reinstate a 27-year-old fee on oil imports represents a violation of a pledge by President Joe Biden not to raise taxes on anyone making less than $400,000 per year, according to the conservative …

Source: Reuters

U.S. considering a ban on crude oil exports, says House Democrat

World Oil


(Bloomberg) –A House Democrat who’s urging the White House to reduce oil prices by banning exports of U.S. crude oil says he’s been told the idea is under consideration.

Representative Ro Khanna of California said he disagrees with …

Source: Reuters

Democrats push to outlaw U.S. oil exports, threatening global market stability

World Oil


WASHINGTON (Bloomberg) – President Joe Biden faces growing pressure even from fellow Democrats to address rising gasoline prices with measures such as a ban on oil exports, a move that could upend global markets, discourage shale drilling and …

Source: Reuters

Democrats scramble to give Biden a climate win ahead of COP26 summit

World Oil


WASHINGTON (Bloomberg) – Negotiations over the climate provisions in the Democrats’ spending bill have accelerated and are focused on a package of measures that could replicate the emissions reductions of a clean energy plan dropped from the draft …

Source: Reuters

Democrats want to add new drilling bans to Biden’s $3.5T infrastructure bill

World Oil


WASHINGTON (Bloomberg) –Endangered desert fish would get millions of dollars in federal funding while oil companies would face new fees and a ban on most offshore drilling under a plan floated by House Democrats.

The details were summarized …

Source: Houston Chronicle

Democrats accuse Energy Department of underspending on clean energy research

Houston Chronicle


WASHINGTON — The Department of Energy isn’t distributing funding for clean energy research fast enough, House Democrats said Wednesday.

At a hearing before the oversight panel of the House Science and Space Committee, Chairman Rep. Bill Foster, D-Ill., …

Source: Houston Chronicle

Democrats call out Marathon Petroleum for ‘relentless lobbying against climate action’

Houston Chronicle


WASHINGTON – A trio of Democratic Senators is asking some of Marathon Petroleum’s largest shareholders, including JP Morgan Chase and Blackrock, to warn the Ohio-based refining company that it needs to stop lobbying against climate action.

“Marathon …

January 13, 2020 - 12:00 pm Closing Bell Story‎, Energy News, Politics & Opinions
Drilling ban proposals divide Democrats in U.S. oil states

Drilling ban proposals divide Democrats in U.S. oil states

Source: Reuters


CARLSBAD, New Mexico (Reuters) – In the southeast corner of New Mexico, new houses, hotels and jobs are sprouting like flowers in the desert. Trucks hauling equipment and laborers jam once-barren highways on the way to thousands of …