Wed, Apr 16, 2014, 6:56 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Exxon Mobil Corporation Message Board

  • bluecheese4u bluecheese4u Aug 2, 2013 7:44 PM Flag

    Sens. Wyden, Murkowski press DOE on natural gas exports

    Sens. Wyden, Murkowski press DOE on natural gas exports

    Zack Colman - 08/02/13 04:26 PM ET

    The top Democrat and Republican on the Senate energy panel want the Energy Department to explain its authority for reversing permits for natural gas exports.

    Senate Energy and Natural Resources Committee Chairman Ron Wyden (D-Ore.) and ranking member Lisa Murkowski (R-Alaska) said it’s unclear when the department can step in to revoke licenses for sending natural gas abroad.

    “[W]e request that DOE provide greater clarity on what the agency considers ‘appropriate circumstances’ when the agency might be compelled to revoke or modify an export authorization and explain the applicable process in such a situation,” the lawmakers wrote Friday to Energy Secretary Ernest Moniz.

    The DOE has approved two licenses for exports to nations that lack a free-trade agreement with the United States. It’s weighing another 21 applications.

    Deals not made through free-trade agreements must be deemed in the public interest under federal law and therefore face more scrutiny.

    Supporters of increased gas exports, which include businesses, Republicans and some Democrats, say the energy agency is dragging its feet on evaluating the applications. They’ve urged more haste from the department.

    Some Democrats, including Wyden, are more wary. They warn an unrestrained export increase would raise domestic prices.

    Moniz has said the DOE is reviewing the applications “expeditiously” on a case-by-case basis.

    thehill

 
XOM
99.94+1.26(+1.28%)Apr 16 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.