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House Republican: funding bill lifts ban on crude oil exports

The U.S. Capitol dome and U.S. Senate (R) in Washington, August 2, 2011. REUTERS/Jonathan Ernst

WASHINGTON – U.S. House Republicans plan to file a government funding bill on Tuesday night that will include a provision lifting the U.S. ban on crude oil exports, congressman Reid Ribble said. “The oil export ban is lifted,” Ribble said. Ribble, a Wisconsin Republican, also said the spending bill will include tax credits for wind and solar power but they ...

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Oil export ban in play in final-stage talks on budget deal

FILE - In this May 9, 2012 file photo, a drilling rig is seen near Kennedy, Texas. The four-decade-old ban on exporting crude oil may end up getting lifted in a must-pass year-end spending bill lawmakers are scrambling to complete. Lifting the ban is a top ask for GOP negotiators working on the sprawling legislation. In return, Democrats are seeking various environmental priorities, including making permanent tax credits for solar and wind energy production. (AP Photo/Eric Gay, File)

WASHINGTON — Congressional negotiators and the White House closed in on a deal late Monday on a $1.1 trillion government-wide spending bill to stave off a shutdown, and a tax package extending dozens of breaks. In a Monday evening conference call among House Republicans, Speaker Paul Ryan said bargainers were close to agreements on the spending and tax measures that he ...

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Oil starting to flow through Enbridge pipeline

BLOOMINGTON — Construction on the Enbridge pipeline is complete with delivery of oil expected to begin before the new year. “Our original plan was to get it in service before the end of the year and it looks like we are going to make it,” said Jennifer Smith, manager of stakeholder relations. The 167-mile pipeline, known as the Southern Access ...

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Dakota Access pushes IUB for decision on Bakken pipeline

Dakota Access LLC, the Texas-based company proposing the Bakken pipeline, is urging the Iowa Utilities Board to make a decision quickly on whether or not the use of eminent domain will be allowed for the company to gain access to properties where landowners have not signed over rights. The pipeline would initially carry 320,000 barrels of crude oil each day ...

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Railroad Commission Chairman David Porter won’t run for re-election

In a surprise move that leaves a statewide seat up for grabs in 2016, the chairman of the Texas Railroad Commission, the state agency that regulates the oil and gas industry, announced Thursday that he will withdraw from his re-election race. David Porter said “a lot of things had crescendoed up” to lead to his decision — especially the realization ...

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Historic climate change deal may signal end of the fossil fuel era

PARIS — After more than two decades of fraught negotiations, delegates from nearly 200 countries have agreed to a historic deal to steer the world away from catastrophic climate change, signalling the end of the fossil fuel era. The Paris deal on Saturday, December 12, is a vote of support for renewable energy as well as for more efficient buildings ...

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U.S. oil price gap vanishing for first time in shale era

U.S. oil price gap vanishing for first time in shale era

HOUSTON – The once-deep discount for benchmark U.S. crude oil prices versus global rates is about to disappear for the first time since the rise of the shale oil boom, a sudden reversal that highlights the market’s ongoing flux. On Monday, U.S. West Texas Intermediate for delivery in March was trading just 20 cents below global Brent crude for the ...

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Four countries added to global shale oil, natural gas assessment

global shale resources

The Energy Information Administration continues to expand its assessment of technically recoverable shale oil and natural gas resources around the world. The organization added four new countries – Chad, Kazakhstan, Oman and the United Arab Emirates – to the previous 42 countries.  The additions resulted in a 13 percent increase in global assessed total resource estimate for shale oil and ...

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World climate accord hailed as turning point from fossil fuels

French Foreign Minister Laurent Fabius (C), President-designate of COP21, and Secretary of the U.N. Framework Convention on Climate Change, Christiana Figueres (L), attend the World Climate Change Conference 2015 (COP21) at Le Bourget, near Paris, France, December 9, 2015. REUTERS/Stephane Mahe

PARIS – French Foreign Minister Laurent Fabius presented a landmark global climate accord on Saturday, a “historic” measure for transforming the world’s fossil fuel-driven economy within decades and turning the tide on global warming. At the tail end of the hottest year on record and after four years of fraught U.N. talks often pitting the interests of rich nations against ...

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