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Tag Archives: Obama administration

Arctic Ocean shoal declared off-limits to oil drilling

ANCHORAGE — A plateau on the Arctic Ocean floor, where thousands of Pacific walrus gather to feed and raise pups, has received new protections from the Obama administration that recognize it as a biological hot spot and mark it off-limits to future oil drilling. But the announcement from Interior Secretary Sally Jewell triggered an uproar from Alaska leaders, angry that ...

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US trade deficit jumps 17.1 percent to $46.6 billion

WASHINGTON — The U.S. trade deficit in December jumped to the highest level in more than two years as American exports fell and imports climbed to a record level. The deficit jumped 17.1 percent to $46.6 billion in December, the biggest imbalance since November 2012, the Commerce Department reported Thursday. The widening trade gap reflected a drop in exports, which ...

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U.S. oil export boom stalled by topsy-turvy market

the word "export"

NEW YORK – Just as the Obama administration is starting to pull down barriers to exporting an abundance of U.S. shale oil, the topsy-turvy global oil markets have thrown up new ones. The stunning 60 percent collapse in oil prices since last summer has upended the relationship between regional markets, briefly pushing U.S. benchmark prices above those for global Brent ...

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Applause, concern greet move toward drilling off Carolinas

offshore rig

CHARLESTON, S.C.  — Some lawmakers in the Carolinas say drilling for oil and natural gas offshore will be boost the states’ economies and help the nation toward energy independence. But conservation groups warn such drilling could endanger coastal tourism with the possibility of oil spills on Carolinas beaches. The Obama administration on Tuesday included an area off the Carolinas, Virginia ...

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New federal offshore drilling plans are coming

The Obama administration’s new five-year offshore drilling plan is expected to be unveiled Tuesday, according to the Washington Examiner. Though the initial plan will be a draft, the final version will be effective starting in 2017 and apply through 2022. The plan is expected to address drilling in Alaska and the Atlantic Ocean. In particular, the Washington Examiner reports that ...

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Controversy over methane pollution regulations

Earlier today, for the first time ever, the Obama Administration announced its plans to regulate methane pollution caused by oil and gas operations.  However, some are questioning the need for the regulations and what the new rules will cover. The White House’s press release explains how the proposed rules will regulate methane emissions from oil and gas wells, but it ...

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