U.S. Senator Lisa Murkowski, Republican of Alaska, says reported Commerce Dept. decision to allow export of condensates “reasonable first step that reflects the new reality of our energy landscape.” * “The rules remain outdated, nonetheless, and should be modernized. I continue to urge the administration to fully lift the ban on crude oil and condensate exports.” * Nymex Aug. crude +79c, or 0.8%, to $106.82/bbl at 618pm in N.Y. * EARLIER today: WSJ reports U.S. Ruling Would Allow Shipments of Unrefined Oil Overseas * EARLIER March 6, BP Splitter Refinery Seen Skirting U.S. Oil Export Ban
The U.S. Commerce Department opened the door to more U.S. oil exports as long as the crude is lightly processed, tempering the impact of a law that’s banned most overseas petroleum shipments for the past four decades.
The Senate’s energy panel and the White House are discussing an arrangement in which Federal Energy Regulatory Commission nominee Norman Bay would become chairman after serving for a time as a commission member, according to a Senate aide.
Norman Bay and Cheryl LaFleur won Senate committee approval to be members of the Federal Energy Regulatory Commission as part of a compromise with the Obama administration on who would lead the agency.
Even by the standards of the U.S. Congress, where committee chairmen traditionally wield their gavel for the benefit of home-state industries, Mary Landrieu’s unapologetic boosterism of Louisiana’s energy interests is drawing notice.
Alaska Senator Lisa Murkowski will try to return to Congress with a write-in campaign, after losing a renomination battle to a Republican primary challenger backed by Sarah Palin and the Tea Party movement.
Senator Lisa Murkowski’s attempt to win reelection through a write-in campaign in Alaska will test the staying power of Sarah Palin and the Tea Party amid a debate over the role of federal spending in that state.