Posted January 28, 2011
CNBC: Gary Luquette: The Industry in The Gulf is on Life Support: The Senate Energy and Natural Resources Committee kicked off their first hearing of the new Congress with one of the most controversial topics in the energy sphere: the safety of deep water drilling. The committee examined the report and recommendations issued by the National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling. I decided to sit down and speak with Gary Luquette, President of Chevron's North America Exploration and Production, on his thoughts on the hearing and the impact the unofficial moratorium is having on the industry.
The Houston Chronicle: Fuel Fix: API: Oil sands pipeline is matter of 'critical national interest': The nation's largest oil industry trade group today called on the Obama administration to give the green light to the Keystone XL pipeline that would deliver tar sands crude from Alberta, Canada, to southeast Texas refineries.Cindy Schild, the refining issues manager for the American Petroleum Institute, called the imminent decision "a matter of critical national interest." "Not only is this a chance for the White House to strengthen U.S. energy security and help plan for the nation's energy future," Schild said, "but it is also an opportunity to take a specific, public and dramatic action in support of creating new U.S. jobs."
The Hill: STATE OF PLAY: Senate Republicans and energy: Sen. Lindsey Graham's (R-S.C.) plans to work on energy this year are coming slightly into focus. Graham said Thursday that he intends to float a "clean energy standard" - the same concept that President Obama promoted in the State of the Union speech - while also pushing for expanded U.S. oil-and-gas development. Oh, and he also doesn't want the Environmental Protection Agency regulating greenhouse gas emissions. "I like getting EPA out of the carbon regulating business, but I would like to have some national energy policy that includes clean air as well as energy independence and job creation," Graham said. "We need to find more domestic oil and gas, but at the same time we need to be pushing clean energy because that is our ultimate brake on dependence on fossil fuels. So they are not inconsistent," he said.
Bloomberg: La.'s US senator urges drilling permits be issued: NEW ORLEANS (AP) -- U.S. Sen. Mary Landrieu again is urging the Obama administration to issue deepwater drilling permits. The Louisiana Democrat called on the administration to approve new permits at a Senate Energy Committee meeting Wednesday. Landrieu says that deepwater drilling has been "virtually shut down" since the Deepwater Horizon oil rig explosion last April. She says drilling can be done safely. She says five deepwater platforms in the Gulf have left to drill in other parts of the world, costing the Gulf Coast about 5,000 jobs.
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