Post Tagged with: "Energy Department"

Source: Houston Chronicle

U.S. Halts Plan to Buy Crude Amid Uncertainty Over Funding

Houston Chronicle


The Trump administration halted plans to start buying oil to top up the nation’s emergency stockpile after failing to win funding from Congress, throwing a wrench in its most tangible efforts to help struggling drillers cope with the …

Source: Houston Chronicle

US seeks $3 billion to boost oil producers as prices plunge

Houston Chronicle


WASHINGTON (AP) — The Trump administration said Thursday that it is seeking $3 billion from Congress to top up the country’s strategic petroleum reserves, potentially propping up U.S. oil producers after crude prices crashed globally.

President Donald Trump …

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 …

Natural Gas Cleared for Latin American Export

Natural Gas Cleared for Latin American Export

From Reuters

The U.S. Energy Department on Wednesday cleared the way for faster approval of small scale exports of natural gas including liquefied natural gas to Latin American countries by issuing a rule that does away with a public interest …