Plan Introduced to Drive US Offshore Wind Energy
A new collaborative strategic plan has been published today which aims to continue accelerating the development of offshore wind energy in the United States. Announced by U.S. Secretary of Energy Ernest Moniz and U.S. Secretary of the Interior Sally Jewell, the plan, entitled National Offshore Wind Strategy: Facilitating the Development of the Offshore Wind Industry in the United States, details the current state of offshore wind in the U.S., presents the actions and innovations…
U.S. Energy Security: Maritime Infrastructure Investment is a Key, says Moniz
The maritime industry was front and center yesterday in Washington, D.C., as “getting more oil on the water” was touted as one piece of the puzzle in ensuring future U.S. energy security, said U.S. Secretary of Energy Ernest Moniz. Sec. Moniz spoke yesterday at the U.S. Energy Information Administration (EIA) 2015 EIA Energy Conference at the Renaissance Downtown Hotel in Washington, DC. Building U.S. energy security via a strategic evaluation of the U.S. Strategic Petroleum Reserve (SPR) was central to his comments…
USA Urged Not to Delay Arctic Drilling
The U.S. should immediately begin a push to exploit its enormous trove of oil in the Arctic waters off of Alaska, or risk a renewed reliance on imported oil in the future, reports AP. The US Arctic potentially contains enough oil and gas to allow it to be a significant contributor to the country’s future energy needs, filling the hole left by expected declines in production of shale and other domestic sources of oil. The U.S. has drastically cut imports and transformed itself into the world’s biggest producer of oil and natural gas by tapping huge reserves in shale rock formations. But the government predicts that the shale boom won’t last much beyond the next decade. A U.S. Energy Department advisory council study released Friday says that in order for the U.S.
Oil Producers Hope DC Talks Ease Export Ban
Recent meetings between U.S. oil producers and Commerce Department officials have fueled industry hopes that the Obama administration may soon begin to ease a longstanding ban on oil exports. Although it would require an act of Congress to end the four-decade export ban, some analysts and executives believe the White House may be getting ready to open up the taps a bit, allowing some export of a super-light form of oil known as condensate, which falls into a regulatory gray area. Executives and sources said a number of major shale oil producers have quietly stepped up lobbying efforts over the contentious energy issue in recent weeks, meeting with officials from the Commerce Department's Bureau of Industry and Security (BIS), which oversees exports.
US Deploys Three Offshore Wind Energy Projects
As a part of the Obama Administration’s all-of-the-above energy strategy, the U.S. Energy Department today announced the selection of three pioneering offshore wind demonstrations to receive up to $47 million each over the next four years to deploy innovative, grid-connected systems in federal and state waters by 2017. These projects – located off the coast of New Jersey, Oregon and Virginia – will help speed the deployment of more efficient offshore wind power technologies. Building…
U.S. refiners oppose easing crude export limits
Four U.S. oil refiners, trying to counter growing calls to lift the nation's ban on most crude oil exports, have launched the first major lobbying effort to keep abundant U.S. oil supplies from being sold overseas. Rising U.S. shale oil production has opened the door to a possible revision of the decades-old policy restricting most exports of unrefined petroleum. Various groups and lawmakers favoring exports have been fast out of the gate, seizing on a comment by U.S. Energy Secretary Ernest Moniz in December that it might be time to take another look at the law. Philip Rinaldi, chief executive of Philadelphia Energy Solutions, said the anti-export group Consumers and Refiners United for Domestic Energy, or CRUDE, was formed with the goal of preventing a hasty reversal of policy.
U.S. Has No Control over Natural Gas Export Destinations
Reuters - U.S. Energy Secretary Ernest Moniz said on Wednesday the administration considers geopolitical concerns such as the crisis in Ukraine when reviewing applications for liquefied natural gas exports, but it does not have authority to determine where those exports go. Some lawmakers have called for the Obama administration to use the nation's natural gas bounty as leverage as it negotiates with Russia over the unrest in Ukraine. Speaking at IHS CERAWeek energy conference in Houston, Moniz also said the oil industry needs to do a better job making the case in support of lifting the decades old ban on U.S. crude oil exports. (Reporting by Ayesha Rascoe; Editing by Marguerita Choy)
