House Members Outline New Keystone XL Path
by U.S. Congressman Lee Terry
Press Release|
Monday, March 11, 2013
House Energy and Commerce Committee leaders on March 4 outlined a new path forward on the Keystone XL pipeline, releasing a discussion draft of legislation that will remove the project’s fate from the president’s hands and clear away the roadblocks preventing construction of the pipeline. The draft legislation, authored by Rep. Lee Terry (R-NE), will eliminate the need for a Presidential Permit and find that the Final Environmental Impact Statement (FEIS) issued by the Secretary of State on Aug. 26, 2011, shall satisfy all NEPA requirements. The legislation also limits the legal challenges that can be brought against the project to prevent further unnecessary delays.
The Keystone XL pipeline is a $7 billion jobs and energy infrastructure project that has been tied up in regulatory review for over four years. [more]
RIGZONE - House Members Outline New Keystone XL Path
EIA Petroleum Status Report Economic Calendar - Bloomberg
Released On 3/13/2013 10:30:00 AM For wk3/8, 2013
Prior Actual Crude oil inventories (weekly change) 3.8 M barrels 2.6 M barrels Gasoline (weekly change) -0.6 M barrels -3.6 M barrels Distillates (weekly change) -3.8 M barrels 0.1 M barrels
US Oil, Gas Production to Climb While US Energy Consumption Declines
by Karen Boman
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Rigzone Staff
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Wednesday, March 13, 2013
RIGZONE - US Oil, Gas Production to Climb While US Energy Consumption DeclinesU.S. oil and gas production will continue to rise through 2040 from 2010 levels as unconventional oil and gas resources and production from the deepwater Gulf of Mexico come online, while U.S. energy consumption is forecast to decline during the same time period, ExxonMobil Corp. reported in its 2013 energy outlook.
U.S. oil and gas production has grown to its highest level in three decades, thanks to technological advances that have allowed the oil and gas industry to access deepwater resources as well as unlock unconventional oil and gas resources such as the Bakken oil play in North Dakota, according to ExxonMobil's energy outlook.
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