Remove 2013 Remove Gas Remove Obama Remove Oil
article thumbnail

Obama Administration announces 21M-acre oil and gas lease sale offshore Texas

Green Car Congress

The US Department of the Interior will offer more than 21 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico Planning Area. Ultra-deep gas royalty relief required under EPAct will still be available.

Oil 240
article thumbnail

Obama Administration to offer 40 million acres in the Gulf of Mexico for oil and gas development

Green Car Congress

Beaudreau announced that Interior will offer more than 40 million acres for oil and gas exploration and development in the Gulf of Mexico in March lease sales. BOEM estimates the proposed sale could result in the production of approximately 1 billion barrels of oil and 4 trillion cubic feet of natural gas. billion.

Mexico 223
article thumbnail

DOI: latest Gulf of Mexico oil & gas lease sales garner $872M in high bids

Green Car Congress

Secretary of the Interior Sally Jewell announced that the latest oil and gas lease sales for federal waters in the Gulf of Mexico garnered $872,143,771 million in high bids on 329 tracts covering 1,707,358 acres. The area will be offered to industry again in 2016 under the current Five Year Offshore Oil and Gas Leasing Program.

Mexico 268
article thumbnail

Obama Administration offering more than 20M acres offshore Texas for oil and natural gas exploration and development

Green Car Congress

Beaudreau released the final details for an oil and gas lease sale that will offer more than 20 million acres offshore and will make available all unleased areas in the Western Gulf of Mexico Planning Area. Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Earlier post.).

Oil 236
article thumbnail

Obama Administration releases progress report on its energy efforts

Green Car Congress

The Obama Administration released a progress report highlighting its achievements in meeting the “all-of-the-above” energy plan outlined in the Blueprint for a Secure Energy Future released last year. As the report highlights, we have made progress, with imports of foreign oil decreasing by a million barrels a day in the last year alone.

Obama 210
article thumbnail

Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy

Green Car Congress

Among the transportation-related elements of US President Barack Obama’s new climate action plan, which he is outlining today in a speech at Georgetown University, is the development of new fuel economy standards for heavy-duty vehicles post-2018. Reducing greenhouse gas emissions in the US. of greenhouse gas emissions to 3% by 2020.

Obama 249
article thumbnail

BIO says EPA inaction on RFS rule causing an increase in GHG emissions

Green Car Congress

Increased greenhouse gas emissions equal to 4.4 The white paper updates earlier BIO’s March 2014 study, “Estimating Greenhouse Gas Emissions from Proposed Changes to the Renewable Fuel Standard Through 2022.”. The United States is now projected to use 2 billion gallons more gasoline and 0.5 new coal-fired power plants.

EPA 236