TruthOut -- Washington - A barrage of industry-led advertising and lobbying urging President Obama to "put jobs ahead of politics" has fueled the impression that labor unions universally champion the Keystone XL oil pipeline.

But that myth was blown apart just minutes after the president rejected the project on Jan. 18.

That's when five labor unions that had kept low profiles on the pipeline—including the 2 million-member strong Service Employees International Union—issued a joint statement backing Obama's decision.

Since then, a more nuanced snapshot has emerged of where labor unions stand on Keystone XL. That newer picture weakens industry's argument that the pipeline has broad union support. The handful of unions that praised the president and questioned the project’s merits represent ....  (read more)

Dow Jones Newswires --
Crude-oil futures finished slightly higher Wednesday after a government report showed U.S. crude-oil stockpiles rose less than expected last week, although oil demand overall was weak.

Light, sweet crude oil for March delivery settled up 30 cents, or 0.3%, to $98.71 a barrel on the New York Mercantile Exchange. Brent crude oil on the ICE futures exchange settled 97 cents per barrel, or 0.8%, higher at $117.20.

U.S. oil inventories last week rose 300,000 barrels, the Department of Energy reported, well below the 2.7-million-barrel increase forecast by analysts surveyed by Dow Jones Newswires.

Despite the modest increase, weak demand continues to keep prices restrained. Nymex futures actually declined from highs of $100.09 a barrel following the weekly survey from the DOE's Energy  (read more)

Fox News --
WASHINGTON – House Republicans cleared a hurdle Tuesday in their efforts to push through approval of the Keystone XL pipeline, after a House committee passed a bill mandating federal approval of the project within 30 days of receiving a proposal for it.

The pro-Keystone legislation now heads to the full House, where it will be attached to a $260 billion transportation bill backed by House Speaker John Boehner (Ohio). It then moves to the Senate, where its fate becomes less clear given the Democrat majority in that chamber.

The Obama administration opposes the bill. In a recent congressional hearing, a top State Department official said the legislation is irresponsible and legally questionable because it bypasses a final review of the pipeline route.  (read more)

ThinkProgress -- In hearings to mark up Republican legislation to expedite the Keystone XL pipeline, Rep. Mike Doyle accused TransCanada of misleading the American public that the pipeline would be built with American steel.

Doyle submitted an amendment that challenged TransCanada to certify its claim that 75 percent of the pipe comes from North America. Discussing his amendment, Doyle expressed his frustration in attempts to get a straight answer from the company about where the steel for the 1700-mile pipe was made. Doyle found that Indian company Welspun Corp appears to be the pipeline supplier.

Doyle revealed he found that 148 miles of pipe have already been constructed in India and shipped to Welspun’s subsidiary Welspun Tubular in Little Rock, AR.

The steel comes from the same Indian manufa  (read more)

USA Today -- The activist group Judicial Watch says it has sued the Department of Energy to obtain records detailing the DOE's $529 million loan promise to Fisker Automotive, maker of luxury electrified vehicles.

Judicial Watch President Tom Fitton says it appears that the government "shelled out over half-a-billion dollars to a failing and incompetent green energy company."

Earlier post about Fisker layoffs is here.

Judicial Watch previously sought the records under the Freedom of Information Act, but hadn't received them by Feb. 1, so sued to get the records. The group disclosed the suit late Wednesday.

DOE should "turn off the government spigot to Fisker," Fitton says.

The Energy Department already did, in fact, as of last May.

Fisker failed to meet certain, undisclosed production ...  (read more)

GasBuddy Blog -- The Energy Information Administration released its weekly report on the condition of petroleum inventories in the United States today.

Here are some highlights:

CRUDE INVENTORIES:
Crude oil inventories increased by 0.3 million barrels to a total of 339.2 million barrels. At 339.2 million barrels, inventories are 5.8 million barrels below last year (-1.7%) and are in the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 1.6 million barrels to 231.8 million barrels. At 231.8 million barrels, inventories are 9.1 million barrels, or 3.8% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (N/C); Midwest (+0...  (read more)

BLM.gov -- The GAO calculated the U.S. government ranked 93rd lowest out of 104 fiscal systems surveyed, losing between $21 and $53 billion in potential revenue.

The Department of the Interior disagreed with the GAO’s 40-page analysis, and released a 300-page study. The GAO’s analysis of this complicated arena was superficial and inadequate.
The government take as a proportion of the cash flow, typically nets more than the oil or gas-producing company does. The IHS-CERA study finds that on average the federal government captures 64 percent of the cash flow from Gulf of Mexico deepwater oil leases.
http://www.blm.gov/wo/st/en/prog/energy/comparative_assessment.html
Fig 2 shows how it works with gas leases in Wyoming, the “government take” ranging from a low of 50 percent to a high of 73 percent.  (read more)

The Detroit News -- A House panel approved a bill Tuesday that would block the Environmental Protection Agency from allowing the use of a higher blend of ethanol for use in vehicles without further study.

The Science Committee approved the bill, sponsored by Rep. James Sensenbrenner, R-Wisconsin, on a 19-7 party line vote.

Automakers and other engine makers have clashed with corn growers since 2010 over whether the United States should allow the use of a new blend of ethanol called E15 because it is 15 percent biofuel — usually made from corn.  (read more)

Aol Energy -- The possible permanent closure of three eastern Pennsylvania refineries would make the region more dependent on outside sources for petroleum products and force marketers to overhaul supply chains for gasoline, diesel heating oil, jet fuel and lubricants, state legislators heard on Monday.

But closure isn't likely to have a big effect on prices or supply on the US East Coast because alternative sources such as the Gulf Coast, higher overseas imports and increased pipeline shipments from the Midwest will be found, according to a new study presented to lawmakers.

Sunoco said last September it will try to sell its Marcus Hook and South Philadelphia refineries which together can process some 500,000 barrels of crude oil a day. If no buyer can be found, the company said it will close the plan  (read more)

Reuters -- A plan to fast-track the stalled Keystone XL oil pipeline was passed by a key committee in the U.S. House, as Republicans made yet another attempt to spur approval of the project that has become a major issue in the 2012 elections.

The bill would wrest decision-making from the Obama administration and hand it to the Federal Energy Regulatory Commission, which would be compelled to issue approval permits quickly on the Canada-to-Texas project.

Tuesday, the House Energy and Commerce Committee voted 33-20 to send its Keystone bill to the full House, where it will likely become part of a highway and infrastructure funding bill that House Speaker John Boehner wants to see passed this month.

Republicans also have not ruled out trying to attach a Keystone provision to must-pass payroll  (read more)

foxbusiness.com -- Representative Alcee Hastings, (D-FL), introduced a bill that would abolish write-offs oil companies take on their tax returns for the costs of cleaning up their oil spills.

Taxpayers have footed oil companies’ cleanup costs for decades. For instance, BP can deduct on its tax returns cleanup costs and settlements for its massive oil spill in the Gulf of Mexico. Estimates already show those costs may amount to $32 billion, which could translate into a $10 billion tax write-off for the oil major.

But these deductions are meant for the "ordinary costs of doing business," reads the tax law.

Are oil spills “business as usual’? Or should taxpayers foot the bill for oil companies’ own negligence?

...slamming this loophole shut would save taxpayers an average $1.3 billion annually.  (read more)

Wall Street Journal -- Not everyone in Canada supports the proposed oil pipeline from Alberta to the U.S. and to the British Columbia coast.

Claude Gravelle, vice chair of the Canadian Parliament's Natural Resources Committee, spoke about how the exporting of Canadian oil could translate into oil spills, environmental costs and lost Canadian jobs.

Gravelle, talked about his controversial meetings with U.S. lawmakers, problems with China's human rights record and his dispute with Prime Minister Stephen Harper's take on how to bring financial security to Canadians.

[Harper] is giving [the oil industry] billions of dollars in subsidies. How does that assure our financial security? We're giving money away and we're giving jobs away. We want to do it differently.

More and more Canadians are in opposition  (read more)

GasBuddy Blog -- The latest report from the AP desk in Beirut says that the U.S. has closed its embassy in Syria and Britain recalled its ambassador to Damascus in a new Western push to get Syrian President Bashar Assad to leave power and halt the murderous civil war in Syria.

Contrary to President Obama's comments in his State of the Union address, the AP reports that the U.S. "diplomatic effort was stymied at the U.N. by vetoes from Russia and China," but, the recent moves by the U.S. and Britain (to evacuate the Syrian Embassy) were a clear message that Western powers see no point in engaging with Assad and now will seek to bolster Syria’s opposition.

”This is a doomed regime as well as a murdering regime,” British Foreign Secretary...  (read more)

MarketWatch Pulse --
Crude-oil futures traded lower Monday as investors were concerned about the threat of a default in Greece and its impact on the global economy, and the dollar traded higher. Crude for March delivery declined 70 cents, or 0.7%, to $97.13 a barrel on the New York Mercantile Exchange. Greece is seen as running out of time to work out a deal for a second bailout package as party leaders have resisted more austerity measures.

 (read more)

Forbes -- The Keystone XL pipeline may have kicked off the presidential race but it’s also setting the stage for a Battle Royale in Congress. Not only are senior House Republican preparing to link its construction to key spending bills but they are also playing up the Obama administration’s apparent hypocrisy.

When news spread on Friday that the U.S. Department of State had approved two years ago a similar oil sands pipeline, even members of the president’s party were caught off guard. That approval, which paved the way for the 326-mile “Alberta Clipper” stretching from Canada to Wisconsin and began operations in October 2010, was made with the president’s blessings.

That news is now giving even more fodder to Republican members, who have argued strenuously that the Keystone pipeline is not...  (read more)

GasBuddy Blog -- Illinois Governor Pat Quinn signed this morning SB965, giving the City of Chicago new authority to use its extensive network of red light running cameras as speed cameras. The law becomes active on July 1, so motorists should be prepared.

This new law, authorities say, has always been for the protection of children and not about revenue. However, the same authorities argue that red light cameras also are only for safety, even while many studies have shown this is not the case. Such studies as a 2008 University of Florida study, or a 2007 Virginia Department of Transportation study that showed "the cameras were associated with an increase in total crashes... The aggregate EB results suggested that this increase was 29%... The cameras...  (read more)

GasBuddy Blog -- California has the most expensive red-light camera tickets in the world; and the tickets are so steep, according to Kevin Fagan, reporter for the San Francisco Chronicle, that one camera in Oakland generates more than $3 million annually.

According to Fagan and the traffic-watch site TheNewspaper.com, anyone in California photographed violating a red light pays a fine of $480 and no other jurisdiction in the U.S. has a tab that high. The second-highest fine in the U.S. is $250, Fagan says.

California's Dept. of Finance estimates that red-light cameras bring in more than $80 million annually to the state and $50 million to cities and counties. Not all $480 from each ticket goes to the cities or counties that authorize...  (read more)

USA TODAY -- After rising 19 cents a gallon in the past four weeks, regular unleaded gasoline now averages $3.48 a gallon, vs. $3.12 a year ago and $2.67 in February 2010.

Tom Kloza of the Oil Price Information Service expects average prices to peak at $4.05, although he and other industry trackers say prices could be sharply higher in some markets.  (read more)

The Telegraph -- Oil prices could fall to $70 a barrel during 2012, from current levels above $110, as high volatility in the economy and energy markets becomes "a fact of life", Royal Dutch Shell executives said.

 (read more)

Business Week -- Ford Motor Co.’s global marketing chief says the automaker is focused on high “real world” fuel efficiency in its vehicles after a California woman won a case against Honda Motor Co. for failing to meet mileage claims.

Heather Peters, owner of a 2006 Civic Hybrid, won $9,867 in small claims court in Los Angeles last week, alleging Tokyo- based Honda overstated the model’s fuel economy. Honda has said it will appeal the ruling, and that the car’s efficiency rating was determined by the U.S. Environmental Protection Agency.

“As fuel economy becomes more important, all the manufacturers are looking to be more dramatic in their advertising claims,” Jim Farley, told reporters today in Las Vegas at the National Automobile Dealers Association convention.  (read more)

MLIVE -- In the past decade, at least 1,100 crashes involving cellphones occurred throughout Kent, Ottawa and Allegan counties, according to an analysis by MLive Media Group. More than 5,400 others involved some other form of distracted driving.

Most are in Kent, about two out of three. Ottawa accounts for about 25 percent, with Allegan just under 10 percent.  (read more)

Popular Mechanics -- The 2012 Hyundai Elantra and Ford Focus SFE are among 20-plus cars that now claim 40 mpg highway. But given the peculiar way in which the EPA calculates its fuel economy estimates, do those mileage numbers truly reflect real-world driving? We tested the Elantra and Focus on the streets and roads of Michigan to find out, with some surprising results.

PM Mileage Test at a Glance

We took two closely matched, high-mileage vehicles on multiple test loops to see if they could hit their EPA window-sticker numbers on real roads...
 (read more)

Yahoo Autos -- When Nissan unveiled its Leaf EV last year, the wedge-like machine lifted the spirits of any motorist disgruntled by the Who Killed The Electric Car? era. None more so than Sadow, who grew up criss-crossing the country thanks to his father's job with the electric golf cart giant, E-Z-Go.

"You can say I got bit by the EV bug early, around the age of 7," Sadow says.

Fast forward a few decades, and that kid is now an electrical engineering whiz who has become consumed with making this incarnation of the electric car live.

"My goal is to make the EV a success, because it's the only thing that's going to save us," he says. "Our culture is based on cars, so that's not going away. But when petroleum becomes scarce, our economy is going to tank given our dependency on foreign oil. I just  (read more)

Times Of India -- India will have to walk a fine line between continuing to source oil imports from Iran and escalating pressure from the US and Europe to adhere to tighter sanctions against the Islamic republic designed to prevent it from weaponizing its nuclear programme.

New Delhi may be staunchly opposed to Tehran acquiring nuclear weapons, but is caught in a bind since it cannot afford to substantially cut back energy imports from Iran, which as India's second largest supplier after Saudi Arabia meets 12% of its total oil requirements.

Tighter Western sanctions will make it harder for India to pay for the oil it sources from Iran, especially since Washington has declared it will ban from the American market all financial institutions that transact petroleum business with Tehran's Central Bank from  (read more)

Anchorage Daily News online -- EMPLOYMENT: It's also at a record high as companies hire maintenance workers.

By STEFAN MILKOWSKI
Petroleum News

Published: January 31st, 2012 10:05 AM
Last Modified: January 31st, 2012 10:05 AM

A new report by the research firm McDowell Group is shedding light on seemingly contradictory North Slope employment figures and an apparent spike in nonresident hire.

North Slope employment dropped sharply in 2009 but has since rebounded and is now at an all-time high. Industry spending is up, but more money is being spent on maintenance. And the third-quarter 2010 spike in nonresident hire is not likely the start of a trend.

State lawmakers commissioned the study last year during the debate over Gov. Sean Parnell's oil tax proposal, House Bill 110. Supporters of tax cuts pointed to the jump  (read more)