• 8 hours PDVSA Booted From Caribbean Terminal Over Unpaid Bills
  • 10 hours Russia Warns Ukraine Against Recovering Oil Off The Coast Of Crimea
  • 12 hours Syrian Rebels Relinquish Control Of Major Gas Field
  • 13 hours Schlumberger Warns Of Moderating Investment In North America
  • 14 hours Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 15 hours Energy Regulators Look To Guard Grid From Cyberattacks
  • 16 hours Mexico Says OPEC Has Not Approached It For Deal Extension
  • 18 hours New Video Game Targets Oil Infrastructure
  • 19 hours Shell Restarts Bonny Light Exports
  • 20 hours Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 1 day Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 1 day British Utility Companies Brace For Major Reforms
  • 1 day Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 2 days Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 2 days Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 2 days OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 2 days London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 2 days Rosneft Signs $400M Deal With Kurdistan
  • 2 days Kinder Morgan Warns About Trans Mountain Delays
  • 2 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 2 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 2 days Russia, Saudis Team Up To Boost Fracking Tech
  • 3 days Conflicting News Spurs Doubt On Aramco IPO
  • 3 days Exxon Starts Production At New Refinery In Texas
  • 3 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 4 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 4 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 4 days China To Take 5% Of Rosneft’s Output In New Deal
  • 4 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 4 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 4 days VW Fails To Secure Critical Commodity For EVs
  • 4 days Enbridge Pipeline Expansion Finally Approved
  • 4 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 4 days OPEC Oil Deal Compliance Falls To 86%
  • 4 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 5 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 5 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 5 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 5 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 5 days Aramco Says No Plans To Shelve IPO
Oil Fundamentals Overturn Geopolitical Risk

Oil Fundamentals Overturn Geopolitical Risk

Geopolitical risk from Iraq and…

Can Trump Drive A Wedge Between Saudi-Russian Alliance?

Can Trump Drive A Wedge Between Saudi-Russian Alliance?

Trump’s Iran deal decertification threatens…

James Burgess

James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

More Info

Oil Industry Gets Ally on Energy Committee

Oil Industry Gets Ally on Energy Committee

Senator Mary Landrieu (D-LA) is set to take the gavel for the Senate Energy Committee next week and the oil and gas industry will be getting an ally atop a powerful committee. Given its huge presence in her state, the Louisiana Democrat has long been a supporter of expanding oil and gas drilling. She has sat on the Senate Energy Committee for some time, but with Chairman Ron Wyden (D-OR) departing for the Finance Committee, Landrieu takes over at an interesting time for U.S. energy policy.

Her ascent to the top of the Energy Committee is, in part, politically motivated – as a Democrat in a conservative state she faces a very tough re-election battle this year. Democratic leadership hoped that by elevating her to the top of the Committee, it will not only provide her a perch on which she can push an energy agenda that will play well in Louisiana, but she can also make the argument to voters that she is more valuable to Louisiana than a freshman Republican who would start at the bottom of the totem pole. The oil and gas industry seems to agree, helping her outraise her opponent by a margin of 2-to-1. The industry is the second largest contributor to both campaigns, but has given more to Landrieu.

Related article: Is This Indicator A Warning on Energy's Most-Loved Firms?

With the top spot on the committee, she will likely work to liberalize oil and gas exports as one of the first orders of business. Congress – and the public – have been embroiled in a debate over whether or not to allow greater exports of LNG, as well as repealing the ban on exporting crude oil, both of which are priorities for the industry. Sen. Lisa Murkowski, the committee’s Minority Leader and a leading proponent of liberalizing fossil fuel exports, will finally have an ally on the committee.

By. James Burgess of Oilprice.com



Join the discussion | Back to homepage

Leave a comment
  • Earl Richards on February 10 2014 said:
    Putting Landrieu in charge of the Senate Energy Committee is similar to putting the fox to guard the hen house.

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News