A divided U.S. Congress probably won’t agree to revamping the tax code this year, according to the head of the American Petroleum Institute, which is lobbying to protect breaks for the oil and gas industry.
Aug. 28 (Bloomberg) -- Jack Gerard, president of the American Petroleum Institute, Carlos Gutierrez, vice chairman of the institutional clients group at Citigroup Inc., Leonard Cali, senior vice president of external and legislative affairs at AT&T Inc., and Robert Litan, director of research at Bloomberg Government, talk about the U.S. regulatory environment. They speak at the Republican National Convention in Tampa, Florida, as part of the Bloomberg/2012 Tampa Host Committee Economic Development Series. Bloomberg's Michael Riley moderates the panel. (Source: Bloomberg)
American Petroleum Institute President Jack Gerard said he believes President Barack Obama will approve the Keystone XL Pipeline this year, after another environmental-impact study of the proposal is complete.
The top Republican on the Senate Energy Committee urged President Barack Obama to end a 39-year ban on exports of U.S. crude oil, joining what is shaping up as a major election-year debate over energy policy.