Iranian oil officials are inviting U.S. companies to invest in Iran’s oil and energy sectors due to the removal of international sanctions under the recently inked nuclear accord, according to regional reports.
Despite Hillary Clinton’s coming out against the Keystone XL pipeline, the Democratic presidential candidate appeared at a fundraiser last Friday with major Democratic donors who are heavily invested in the oil and gas industry.
In the wake of a diplomatic agreement that will dramatically expand Iranian access to global oil markets, the White House on Tuesday said that it opposes legislation to give American oil companies that same access.
The CEO and Board of Directors of Solazyme, a company the military paid $149 per gallon for “alternative” fuel, have donated more than $300,000 to Democratic candidates and committees, according to a Washington Free Beacon analysis.
The Environmental Protection Agency’s new rule restricting carbon emissions from existing power plants has Republicans and fossil fuel advocates fuming, but the regulations could end up providing a major boost to U.S. oil production.
Conservative Democrat Hillary Clinton was heckled by environmentalists Thursday during a New Hampshire town hall event, and for good reason. The Los Angeles Times reports:
[T]he gathering grew contentious when a woman representing an environmental advocacy group pressed Clinton on whether she would support banning fossil fuel extraction on public lands, including the use of hydraulic fracturing, the controversial natural gas drilling technique commonly known as fracking.
Clinton had said in response to an initial yes-or-no question that she could not commit to such a ban until alternative sources of fuel were in place.
Under a landmark nuclear deal reached on Tuesday, Iranian oil companies will have greater access to world markets than their American competitors.
Iraqi forces defending the country’s largest oil refinery are surrounded and running low on supplies, calling to question how long they can remain in control of the critical site.
Oil and gas production on federal land continues to decline even as the United States experiences unprecedented growth in overall fossil fuel extraction, according to a federal report released on Monday.
The International Criminal Court this week rebuffed efforts to charge oil giant Chevron with violations of international law, dealing another setback to environmentalists engaged in a decades-long legal and political battle against the company.