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Latest New Energy Reform Act Stories

Obama Administration Announces Offshore Drilling Plan
2011-11-10 06:36:44

As part of a five year proposal unveiled Wednesday, the White House announced plans to open new areas in the Gulf of Mexico and Alaska for offshore oil drilling, but will continue to prohibit development on the East and West Coasts, according to John M. Broder of the New York Times. Broder said that the Obama administration's proposals, which will cover the five-year period from 2012 through 2017, "disappointed environmentalists but fell far short of what the oil industry and its...

2008-10-14 03:00:29

By Hensarling, Jeb DeMint, Jim House Faces October 1 Deadline In just two weeks, on October 1, Americans could be celebrating American Energy Freedom Day. That's the day the bans on oil shale and offshore drilling for oil and natural gas in America will expire. Right off American shores there are reserves estimated to hold over 20 billion barrels of oil and 97 trillion cubic feet of natural gas. And in the West, oil shale is estimated to hold between 800 billion and two trillion barrels...

2008-09-25 15:00:49

House passage of a bill to allow more oil drilling off the U.S. coast is being hailed by some as a responsible way to address the country's energy problems. The legislation has many drawbacks, which is part of the reason it has drawn a veto threat from the White House. A Senate proposal, while far from perfect, is a better solution. With the crumbling of U.S. financial markets at least temporarily pushing energy concerns out of the spotlight, it is very likely that lawmakers will leave...

2008-09-25 03:00:27

By Snow, Nick A compromise energy legislation proposal advanced by a bipartisan group of US senators falls short of what is needed because it is "light on new production and heavy on new taxes," said the American Petroleum Institute on Aug. 13. "The proposal's approach to access to federal oil and natural gas resources is far too limited in scope, and it is unfortunately paired with the imposition of at least $30 billion in new taxes on the oil and natural gas industry that would have the...

2008-09-22 15:00:46

By Michael Coleman Journal Washington Bureau WASHINGTON -- A massive mortgage bailout will command Congress' attention early this week, but New Mexico lawmakers said oil production and clean energy still could get boosts from Capitol Hill before lawmakers head home for November elections. The Democrat-controlled House last week approved a bill allowing oil and gas drilling off of America's Atlantic and Pacific coastlines -- but only 50 miles offshore and beyond. Most of the estimated 8...

2008-09-19 03:00:00

Usually we're in accord with Georgia's GOP U.S. senators, Saxby Chambliss and Johnny Isaakson; for the most part they are excellent public servants. And despite inappropriately wandering off the conservative reservation a few too many times, we also admire South Carolina U.S. Sen. Lindsey Graham. But this Gang of Three, which spearheaded a so-called bipartisan energy bill that grew to a Gang of 10 and in recent days to a Gang of 20, may be on the threshold of a huge mistake. The...

2008-09-18 06:00:38

By Carl Hulse The U.S. House has approved a measure that would ease a longstanding ban on offshore oil drilling and try to spur greater use of alternative fuels as Democrats and Republicans engaged in a bitter pre-election clash over the nation's energy future. Under the Democratic legislation, adopted Tuesday night by a vote of 236-189, oil companies would lose some tax benefits, utilities would be required to produce 15 percent of their electricity from renewable sources by 2020 and a...

2008-09-17 18:00:21

By H. JOSEF HEBERT WASHINGTON - Offshore oil drilling, which has dominated energy debates in the presidential campaign, is now coming to the Senate. The House late Tuesday approved on a 236-189 vote legislation that would open waters 50 miles off the Pacific and Atlantic coasts to oil and natural gas development - if the adjacent states agree to go along. The legislation now goes to the Senate, where Democratic leaders are expected to mold it to their liking in the next few days. So...

2008-09-17 03:00:23

The House of Representatives Tuesday night passed an energy legislative package that would allow drilling for oil within 50 miles of U.S. coasts. The energy initiatives, passed on a 236-189 vote that mostly followed party lines, also would help pay for the development of alternative energy sources, The Washington Post reported. Most Republicans turned thumbs down on the package because they want to allow drilling closer to shore, the Post said. Money for development of renewable energy...

2008-09-14 12:00:21

By Associated Press WASHINGTON -- Democrats sought on Saturday to drum up support for compromise legislation on offshore drilling, challenging Republicans to break from Bush administration policies that neglect development of alternative energy sources. "Enough is enough," Sen. Ken Salazar of Colorado said in the Democrats' weekly radio address, citing rising energy prices, including $4-a-gallon diesel fuel. Salazar chastised Sen. John McCain, the Republican presidential nominee, and...