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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
 
[TABLE="class: tablewrapper"]
[TR]
[TD="class: econo-reportname, colspan: 2"]EIA Petroleum Status Report
[/TD]
[/TR]
[TR]
[TD="colspan: 2"]

[TABLE="class: actual_consensus_box"]
[TR="class: actual_consensus_toprow"]
[TD]		Prior
Actual
Crude oil inventories (weekly change)
Gasoline (weekly change)
Distillates (weekly change)

[TD="class: econo-releaseinfo"]Released On 3/13/2013 10:30:00 AM For wk3/8, 2013
[/TD]

[TD="class: actual_consensus_box_numbers"]3.8 M barrels
[/TD]
[TD="class: actual_consensus_box_numbers"] 2.6 M barrels
[/TD]

[TD="class: actual_consensus_box_numbers"]-0.6 M barrels
[/TD]
[TD="class: actual_consensus_box_numbers"] -3.6 M barrels
[/TD]

[TD="class: actual_consensus_box_numbers"]-3.8 M barrels
[/TD]
[TD="class: actual_consensus_box_numbers"] 0.1 M barrels
[/TD]
[/TD]
[/TR]
[/TABLE]
Economic Calendar - Bloomberg
[/TD]
[/TR]
[/TABLE]
 
[h=1]US Oil, Gas Production to Climb While US Energy Consumption Declines[/h]by Karen Boman
|
Rigzone Staff
|
Wednesday, March 13, 2013
U.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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RIGZONE - US Oil, Gas Production to Climb While US Energy Consumption Declines
 
Why are gasoline prices stuck at these high levels, one reason is:
Rail to Become New Key Player in Crude Transportation

by Robin Dupre
Rigzone Staff

Monday, March 18, 2013

While America has gone through an energy transformation, so have railways, thanks to shale production growing faster than available pipeline space. Although rail is typically more costly than pipelines, railcars are able to reach markets that pipelines don't, particularly North Dakota's Bakken formation, yielding higher prices for producers.
This trend is not temporary. Small amounts of crude have long been transported by rail, but since 2009, the increased movements have been significant. U.S. railways have seen a boost in transportation of crude oil and petroleum products in the first half of 2012 by about 38 percent, compared to the same period in 2011, according to the U.S. Energy Information Administration.
RIGZONE - Rail to Become New Key Player in Crude Transportation
 
Great move! Brace yourself for higher priced commodities!:cool:
States eye gas tax hikes to cover cash shortfalls, transportation projects

By Joseph Weber
Published March 23, 2013
FoxNews.com

Governors in cash-strapped states are revving the motor on efforts to hike the gasoline tax to cover shortfalls or pay for transportation projects -- frustrating drivers, Republican lawmakers and others in a delicate economy.
The tax hikes mean that drivers could soon be paying more at the pump, even if the price of fuel goes down.


Read more: States eye gas tax hikes to cover cash shortfalls, transportation projects | Fox News
 
nnuut said:
Great move! Brace yourself for higher priced commodities!:cool:
States eye gas tax hikes to cover cash shortfalls, transportation projects

By Joseph Weber
Published March 23, 2013
FoxNews.com

Governors in cash-strapped states are revving the motor on efforts to hike the gasoline tax to cover shortfalls or pay for transportation projects -- frustrating drivers, Republican lawmakers and others in a delicate economy.
The tax hikes mean that drivers could soon be paying more at the pump, even if the price of fuel goes down.


Read more: States eye gas tax hikes to cover cash shortfalls, transportation projects | Fox News
Click to expand...


Remember when in one of the On again Off again times Ross Perot was running for President?..He wanted to add $.50/gallon tax back then..thank God he wasn't elected...course, look who we have now...Hmmmmmm
 
Buster said:
Remember when in one of the On again Off again times Ross Perot was running for President?..He wanted to add $.50/gallon tax back then..thank God he wasn't elected...course, look who we have now...Hmmmmmm
Click to expand...
As many know and see in retail and food prices when the cost of transportation rises the price of the items delivered follow which includes the price of transport that manufactures and providers of all other commodities pay, even the price of our gasoline goes higher because the cost of transporting Oil and Gas is higher. Catch 22 a vicious cycle!
 
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