Subscribe free to our newsletters via your
. Farming News .




OIL AND GAS
Senators want oil door opened to Mexico
by Daniel J. Graeber
Washington (UPI) Feb 19, 2015


disclaimer: image is for illustration purposes only

A group of 21 U.S. senators called on the Commerce Department to liberalize trade relations and allow for greater crude oil trade with Mexico.

U.S. Sen. Lisa Murkowski, R-Alaska, the head of the Senate Energy and Natural Resources Committee, was joined by 19 other Republicans and one Democrat, North Dakota Sen. Heidi Heitkamp, in issuing a request to Commerce Secretary Penny Pritzker.

"It's time to harmonize North America's energy trade," Murkowski said in a statement.

At issue is a request from state-owned Petroleos Mexicanos, known also as Pemex, to import lighter blends of U.S. crude oil and an ultra-light form of oil called condensate, found largely in shale, in exchange for the heavier Mexican grade. Pemex said it wanted the U.S. oil to blend with Mexican crude oil at its refineries.

The senators in their Wednesday letter to the Commerce Department argued Presidents Gerald Ford, Jimmy Carter and Ronald Reagan supported similar exports with Canada between 1976-85. Reagan in 1985 used the power of his office to allow oil exports to Canada and the 21 senators said Mexico deserves the same consideration.

Heitkamp said she met in 2014 with Pemex officials to discuss bilateral trade issues and would continue to work to eliminate what she said were "unnecessary burdens that block our global energy development."

Murkowksi and many of her allies on Capitol Hill have pressed for an end to a 1970s ban on exports of crude oil produced in the United States. By easing the ban, they've argued, consumers will benefit from lower fuel costs while the United States increases its trade leverage overseas.

A February paper from Columbia University's Center on Global Energy Policy said Mexican oil swaps would only make economic sense under certain crude oil market scenarios, which don't exist in the weak current market.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








OIL AND GAS
Gas leak stops North Sea production
Stavanger, Norway (UPI) Feb 19, 2015
It's too early to say when production from the Gudrun platform in the North Sea will resume following reports of a gas leak, Norway's Statoil said Thursday. The Petroleum Safety Authority in Norway said production at the North Sea platform was closed as a result of a gas leak. The PSA said the size of the leak was not yet determined. Statoil press spokesman Orjan Heradstveit said ... read more


OIL AND GAS
Global rainfall satellites require massive overhaul

NASA Aircraft, Spacecraft Aid Atmospheric River Study

Mud Matters

NASA Study Shows Global Sea Ice Diminishing, Despite Antarctic Gains

OIL AND GAS
China, Russia strengthen satellite navigation cooperation

India Interested in Russia's Glonass Satellite Navigation System

Latest Galileo satellites reach launch site

PLA drill applies China's own GPS

OIL AND GAS
Colombia seeks 'environmental corridor' across Andes, Amazon

Canada goes to WTO in China wood pulp row

Long-term changes in dead wood reveal new forest dynamics

Elephant patrols seek to protect Indonesia's rainforests

OIL AND GAS
Electricity from biomass could make western US carbon-negative

Second Generation Biofuels Market is Expected to Reach $23.9 Billion

Understanding air pollution from biomass burners used for heating

Biologists partner bacterium with nitrogen gas to make cleaner bioethanol

OIL AND GAS
AORA Solar's Ethiopia Pilot Project Takes Step Forward

US and Japan to account for almost half of global solar PV inverter revenue

Lockheed selects advanced roofing to construct large solar energy array

Ikaros Solar and Esdec BV Join Forces

OIL AND GAS
Wind energy: TUV Rheinland supervises Senvion sale

Bright spot for wind farms amid RET gloom

Allianz acquire OX2 wind farm in northern Sweden

No surprises for wind industry in NHMRC report

OIL AND GAS
China utilizing coal mine emissions for power

China coal mine explosion kills 11: Xinhua

Coal mine fire kills 26 in China: Xinhua

OIL AND GAS
China man gets $189,000 for six years on death row

Big Yang Theory: Chinese year of the sheep or the goat?

China expels senior official from ruling party

China official's mandatory 'two children' proposal draws rebuke




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.