U.S. efforts to speed natural gas exports as a way to loosen Russia’s grip on European energy supplies may be thwarted by lengthy reviews and developer reluctance to proceed with multibillion-dollar projects.
California is parched. The state’s worst drought in decades has left its reservoirs half-naked, if not skeletal. Officials say 17 communities could run out of drinking water this summer; some are considering mandatory rationing; and 500,000 acres in the state may be left fallow.
Bloomberg BNA – There is sufficient precedent for President Barack Obama to approve crude oil exports using executive authority, according to Sen. Lisa Murkowski (R-Alaska), ranking member of the Senate Energy and Natural Resources Committee.
The U.S. Energy Information Administration is “quite prepared” to review how American exports of crude oil would affect global markets as domestic production is expected to reach about 10 million barrels a day by 2017, agency Administrator Adam Sieminski said.