- The Wall Street Journal: Investors focus on producers’ plans for surviving oil at $50
- Bloomberg Businessweek: Shale producers to benefit from potential oil-price recovery, exec says
- Crain’s Cleveland Business: Shale drillers, steel makers cut back amid slump in oil, gas prices
- The Bismark Tribune: Bakken drillers develop water innovations for fracking
- Fuel Fix: Fracturing pumps to get some relief
POLITICO Morning Energy
KEYSTONE XL IN DA HOUSE: The flagship energy issue of the new Congress heads to the House Rules Committee this afternoon with a floor vote on the Senate’s Keystone XL approval bill expected sometime tomorrow. The committee is scheduled to meet at 5 p.m. in Capitol H-313.
INTEREST GROUPS SEEK OPEN BOOK ON CRUDE EXCEPTIONS: A trio of public interest groups are prepared to file a Freedom of Information Act request in an attempt to pry specifics out of the Commerce Department about the agency’s “multiple significant exceptions” to the U.S. crude oil export ban. The groups are posting their FOIA request at 9:30 a.m. here: http://bit.ly/1ETrGg7
SOCAL EDISON ACKNOWLEDGES CHAT WITH REGULATOR: Southern California Edison last night filed an ex parte notice with the California Public Utilities Commission, filling in some details about a 2013 conversation with the commission’s leader regarding the company’s San Onofre nuclear plant. The company said it filed the notice even though “it is not clear-cut whether the rules require the meeting to be reported.” http://on.sce.com/1z2WYtK
YOU CAN TEACH A MAN TO FISH, but what if climate change takes the fish? There hasn’t been shrimp fishing in the Gulf of Maine for the second year in a row and former Sen. Olympia Snowe writes in Newsweek: “[W]hile the shrimp fishery is the first to close in New England primarily as a result of our changing climate, it is unlikely to be the last. Some of the Gulf of Maine’s depleted stocks of groundfish, particularly Gulf of Maine cod, have been slow to rebuild from overfishing in the 1980s and 1990s in part as a result of warming water.” http://bit.ly/1DyDItE
FOSSIL FUELS FIRE BACK AT FOSSIL FUEL DIVESTMENT: Following the high-profile fossil fuel divestment announcement of the Rockefeller Brothers Fund (who said they were pulling money out of coal and oil sands – not conventional oil) last fall, a new report argues that divestment from fossil fuels are likely to backfire financially. The report: http://politico.pro/1zS9RcL. And Global Divestment Day: http://bit.ly/1zR9war
DON’T COUNT OUT U.S. OIL: Oil prices may still be weak despite their recent bounce, but even with the current pessimism, the International Energy Agency says the U.S. is going to reap the benefits through the end of the decade. On the other hand, Russia may feel the sting: production there could shrink by some 560,000 barrels per day by the decade’s end. Reuters: http://reut.rs/1uxUzL4
ONE FRACK, TWO FRACK: The oil industry is looking to rekindle its romance with about 50,000 existing wells, wondering if any of them might make good “candidates for a second wave of fracking,” reports Bloomberg’s David Wethe. Bloomberg News: http://bloom.bg/1vBjWMZ
ANOTHER OBAMA ALUM JOINS POLICY CENTER: Columbia University’s Center on Global Energy Policy pulled in Joe Aldy as a non-resident fellow. At Columbia, Aldy will focus on reviewing fiscal and efficiency implications of renewable energy policies. http://bit.ly/175HeiQ
QUICK HITS
– China sets CO2 reporting standards ahead of national market launch. Reuters: http://reut.rs/1CbURqW
– Oil Producers Stress Surviving $50 Oil. The Wall Street Journal: http://on.wsj.com/1EUmSqy
– Minority groups back energy companies in fight against solar power. L.A. Times: http://lat.ms/1zEhlkG
– Gillibrand, Schumer ask FERC to take more public comment on a natural gas pipeline expansion near the Indian Point nuclear plant. LoHud: http://lohud.us/16JCXAs
– Citi: Oil Could Plunge to $20, and This Might Be ‘the End of OPEC.’ Bloomberg Business: http://bloom.bg/1Dzvem2
– Va. Senate panel kills bill to restrict pipeline surveying. Richmond Times-Dispatch: http://bit.ly/1Cc3Shm
- The Hill: BOEM disregards economic benefits of expanding offshore leasing, Gerard says
- The Wall Street Journal: Investors focus on producers’ plans for surviving oil at $50
- Reuters: IEA: U.S. to lead global oil supply growth until 2020
- United Press International: Oil output from most Lower 48 states dropped in Q4, OPEC says
- The Hill: House panel leaders unveil policy framework for energy
- Bloomberg: Defense Dept. maintains “no objection” position on Keystone XL, official says
- The Dallas Morning News: Rep. Barton files bill lifting crude exports ban
Tags: energy, fuel, oil
