Senate Republican optimistic Congress can pass energy bill—but without ANWR

Maureen Lorenzetti
Washington Editor

WASHINGTON, DC, Apr. 23 --A key Senate Republican predicted Congress can work out its differences on pending comprehensive energy legislation and send a proposal to the White House this year.

Republican Policy Committee Chairman Larry Craig (R-Ida.) said both Republicans and Democrats in the closely divided Senate have won and lost big policy issues.
"We would have liked to have seen more production, and they wanted it greener," Craig said. The Democratically controlled Senate voted against measures designed to lease a small portion of the coastal plain of the Arctic National Wildlife Refuge; it also turned back efforts to dramatically boost automobile fuel efficiency standards.

The Republican-controlled House last August passed a bill that includes ANWR leasing and does not increase automobile fuel standards by any meaningful amount. Craig predicted that ANWR would not survive a House-Senate conference, given the strong opposition the measure ran into in the Senate. But he does expect the Senate to accept more energy tax incentives than what is in the bill currently. The House bill includes $33 billion in tax incentives, a figure the White House's Office of Management and Budget Director Mitch Daniels has suggested is too high. Some House Republican leaders have said however the White House supports their whole bill, including the tax provisions.
What kind of energy bill the White House will ultimately accept is still unclear, however, lawmakers say.

Televised conference
Craig did not speculate on what the White House is willing to accept; however, he said that he and fellow Republicans would urge colleagues to televise the final negotiations between the House and Senate leadership.
That would be a first for Congress, according to Senate staff, who noted that House-Senate conferences have never been televised.

Senate action continues
Meanwhile, the Senate struggled to finish its own version of the bill after weeks of debate.
Nevertheless, Senate leaders from both parties predicted the chamber would finish its version of the bill before May. Several dozen amendments may be considered before the legislation clears the chamber for the House-Senate conference.

On Apr. 23, lawmakers agreed, after an impasse last week, to include a $14.5 billion tax package in the bill; more tax incentives, including a provision designed to encourage the construction of a trans-Alaskan gas pipeline, were expected to be in the bill. The bill already includes a loan guarantee provision for pipeline owners, but Senators may also give North Slope producers a guaranteed price for their gas under certain market conditions. The House bill does not offer any kind of tax incentives for the line, but it does seek to mandate a southern route paralleling the oil pipeline to Fairbanks and then the Alaska Highway to British Columbia, vs. a proposed northern route across the Beaufort Sea into Canada' Mackenzie Valley.

A clean fuel proposal to triple ethanol use within the decade is also expected to survive Senate debate, despite efforts by California and New York lawmakers to revise the plan. Opponents of the measure argued the Renewable Fuels Standard could cause gasoline prices to rise, but a powerful coalition of farm groups and major oil companies said the costs to consumers would be negligible. Although the House does not include the clean fuels proposal, lobbyists expect it to survive in final legislation given to the White House.

Related Articles

Nelson vows to block Murkowski’s stand-alone crude oil bill

07/31/2015 The US Senate Energy and Natural Resources Committee approved Chair Lisa Murkowski’s (R-Alas.) bill to end the ban on exporting US-produced oil. Bu...

Industry 2Q earnings, jobs dissolve amid continued oil-price slump

07/31/2015 A difficult year thus far for the integrated, multinational oil and gas firms caused by low oil prices has been somewhat eased by improved producti...

OGUK survey shows ‘slight improvement’ in outlook in second quarter

07/31/2015

The UK oil and gas industry remains fragile, but the outlook has improved in the second quarter, according to Oil & Gas UK.

Phillips, ETP, Sunoco JV to build, operate Bayou Bridge oil pipeline

07/31/2015 Phillips 66, Houston; Energy Transfer Partners LP (ETP), Dallas; and Sunoco Logistics Partners LP, Philadelphia, have formed a joint venture to con...

MOL acquires Czech, Slovak retail assets

07/31/2015

MOL Group, Budapest, completed its acquisition from Eni SPA of retail outlets in the Czech Republic and Slovakia.

FRA issues final rule to keep unattended trains from rolling away

07/31/2015 The Federal Railroad Administration issued a final rule to prevent unattended trains carrying crude oil, ethanol, or other highly flammable content...

Joint venture advances plan for grassroots refinery in North Dakota

07/30/2015 Quantum Energy Inc., Tempe, Ariz., and a joint-venture partner Native Son Holdings LLC (NSH), The Woodlands, Tex., have filed a minor-source air qu...

Shell to shed Japanese refining assets

07/30/2015 Royal Dutch Shell PLC has entered a deal to sell nearly all of its interest in Japanese refiner Showa Shell Sekiyu KK to Idemitsu Kosan Co. Ltd. as...

BLM seeks comments on proposed Fidelity E&P Utah oil and gas project

07/30/2015 The US Bureau of Land Management is seeking public comments on Fidelity Exploration & Production Co.’s proposed oil and gas project 17 miles no...
White Papers

2015 Global Engineering Information Management Solutions Competitive Strategy Innovation and Leadership Award

The Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global...
Sponsored by

Three Tips to Improve Safety in the Oil Field

Working oil fields will always be tough work with inherent risks. There’s no getting around that. Ther...
Sponsored by

Pipeline Integrity: Best Practices to Prevent, Detect, and Mitigate Commodity Releases

Commodity releases can have catastrophic consequences, so ensuring pipeline integrity is crucial for p...
Sponsored by

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by

Squeezing the Green: How to Cut Petroleum Downstream Costs and Optimize Processing Efficiencies with Enterprise Project Portfolio Management Solutions

As the downstream petroleum industry grapples with change in every sector and at every level, includin...
Sponsored by

7 Steps to Improve Oil & Gas Asset Decommissioning

Global competition and volatile markets are creating a challenging business climate for project based ...
Sponsored by
Available Webcasts

On Demand

OGJ's Midyear Forecast 2015

Fri, Jul 10, 2015

This webcast is to be presented by OGJ Editor Bob Tippee and Senior Economic Editor Conglin Xu.  They will summarize the Midyear Forecast projections in key categories, note important changes from January’s forecasts, and examine reasons for the adjustments.

register:WEBCAST


Predictive Analytics in your digital oilfield - Optimize Production Yield and Reduce Operational Costs

Tue, Jul 7, 2015

Putting predictive analytics to work in your oilfield can help you anticipate failures, plan and schedule work in advance, eliminate emergency work and catastrophic failures, and at the same time you can optimize working capital and improve resource utilization.  When you apply analytic capabilities to critical production assets it is possible to reduce non-productive time and increase your yield.

Learn how IBM's analytics capabilities can be applied to critical production assets with the goal of reducing non-productive time, increasing yield and reducing operations costs.

register:WEBCAST


Cognitive Solutions for Upstream Oil and Gas

Fri, Jun 12, 2015

The oil & gas sector is under pressure on all sides. Reserves are limited and it’s becoming increasingly expensive to find and extract new resources. Margins are already being squeezed in an industry where one wrong decision can cost millions. Analyzing data used in energy exploration can save millions of dollars as we develop ways to predict where and how to extract the world’s massive energy reserves.

This session with IBM Subject Matter Experts will discuss how IBM Cognitive Solutions contribute to the oil and gas industry using predictive analytics and cognitive computing, as well as real time streaming for exploration and drilling.

register:WEBCAST


The Alternative Fuel Movement: Four Need-to-Know Excise Tax Complexities

Thu, Jun 4, 2015

Discussion on how to approach, and ultimately embrace, the alternative fuel market by pulling back the veil on excise tax complexities. Taxes may be an aggravating part of daily operations, but their accuracy is crucial in your path towards business success.

register:WEBCAST


Emerson Micro Motion Videos

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected