Senate Calls for Reports into US Crude Export Ban

WorldEnergyNews.com
Friday, April 11, 2014
Senator Lisa Murkowski

Senate energy committee leaders on Friday asked the Department of Energy to prepare reports examining issues relating to the country's ban on exporting crude amid record oil and gas production.

Democratic Senator Mary Landrieu of Louisiana and Republican Senator Lisa Murkowski of Alaska asked Adam Sieminski, head of the Energy Information Administration, the DOE's statistics arm, to prepare a number of reports on questions relevant to current crude export policies.

"As you know, the possibility of lifting the ban - partially or completely - has emerged as a subject of critical concern here in the Congress," they wrote.

The senators asked the EIA to investigate current and projected production of crude oil and condensates of different grades, the ability of U.S. refiners to process domestic crude oil and condensates, and logistics surrounding crude production, including transport by rail.

They want the EIA to conduct a series of continuing reports rather than a single authoritative study, which may not be useful when reconsidering whether to lift the ban.

"This is a complex puzzle that is best solved with dynamic and ongoing analysis of the full picture, rather than a static study of a snapshot in time," the senators wrote.

The United States is expected to become the world's top oil producer by 2015, thanks to the drilling boom in North Dakota and Texas. That puts pressure on the Obama administration to overturn the ban. But analysts say there is little chance he will do so in a midterm election year.

(Reporting By Valerie Volcovici; Editing by Jonathan Oatis)

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

News

Continental Resources Names New President after Bott's Quick Exit

Continental Resources Inc, the largest oil producer in North Dakota's Bakken shale formation, promoted Jack Stark to president on Wednesday, less than a week after Rick Bott quit the position.

USCG in Search of Missing Man in Lake Michigan

The Coast Guard is searching for a man who went missing on Lake Michigan, Tuesday. Missing is 48-year-old Joseph Kiehm from Milwaukee. Kiehm was last seen aboard his 26-foot white sailboat,

Environmental Attorney Joins Long Beach Harbor Commission

Environmental attorney and Long Beach resident Tracy Egoscue joined the Long Beach Board of Harbor Commissioners on Tuesday as the first Commissioner appointed by newly elected Mayor Robert Garcia.

People in the News

USCG in Search of Missing Man in Lake Michigan

The Coast Guard is searching for a man who went missing on Lake Michigan, Tuesday. Missing is 48-year-old Joseph Kiehm from Milwaukee. Kiehm was last seen aboard his 26-foot white sailboat,

PierPass' New President Responsible for Ports of LA & Long Beach

New president John Cushing’s role gives him responsibility for PierPass programs to relieve congestion and improve air quality at the Ports of Los Angeles and Long Beach.

Kongsberg AUV Pioneer Recognized by MTS Award

Kongsberg inform that Bjørn Jalving, Executive Vice President Subsea at maritime, offshore and subsea technology developer Kongsberg Maritime recently has been

Government Update

Bahri Appoint Two Board Members

The National Shipping Company of Saudi Arabia (Bahri) announces it received on 21/11/1435H corresponding to 16/9/2014G a letter from Saudi Aramco Development Company (SADC) appointing Mr.

Tax Relief for Indian Seafarers

Indian seafarers serving on Indian flagged vessel are forced to pay income tax if their vessel touches two Indian ports during a voyage whereas Indians serving

Sacramento & Stockton Ship Channel Dredge Contract for Ross Sand & Gravel

The US Department of Defense inform that Ross Sand and Gravel, Portland, Oregon, has been awarded a US$24,000,000 firm-fixed-price contract for maintenance dredging

Intermodal

PierPass' New President Responsible for Ports of LA & Long Beach

New president John Cushing’s role gives him responsibility for PierPass programs to relieve congestion and improve air quality at the Ports of Los Angeles and Long Beach.

USDOT Award Tiger Vl Maritime Grants

American Association of Port Authorities
 (AAPA) say that after evaluating 797 applications totaling requests for $9 billion for FY 2014 Transportation Investment

FMC Public Forum on US Port Congestion

Federal Maritime Commission (FMC) Chairman Mario Cordero will hold a forum titled, "U.S. Port Congestion: Examining Causes, Impact on Stakeholders, and Exploring Possible Solutions" on Monday,

Logistics

Maersk Sees US Approval of Shipping Alliance as Formality

U.S. regulatory approval of a proposed shipping alliance involving AP Moeller Maersk should be a formality, the Danish company's chief executive said on Wednesday.

Buckeye Pipeline Quietly Makes Key Acquisition

Houston-based logistic firm Buckeye Partners has spent more than $3.5 billion buying assets since 2010, transforming itself from a quiet regional pipeline utility into an emerging energy powerhouse.

CEVA Opens European Center of Logistics Excellence

CEVA Logistics, a leading global supply chain management company, today announced the opening of its first Center of Logistics Excellence in Europe. Situated in Ashby de la Zouch,

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1393 sec (7 req/sec)