Modeling the Economics of Climate Change
Chairman Bingaman gave the following statement on recent reports analyzing the energy and economic impacts of climate change legislation. “Today we will hear testimony on analyses of global warming legislation to learn about the economic and energy impacts of climate policy and how to understand the capabilities and restrictions of economic models. “Over the past […]
Domenici Says Lieberman-Warner Climate Change Bill Could Have “Dire Consequences” For America
WASHINGTON – U.S. Senator Pete Domenici, ranking member of the Senate Energy and Natural Resources Committee, today warned of “dire consequences” if the proposed Lieberman-Warner cap and trade legislation becomes law. At an Energy Committee hearing to receive testimony on energy and related economic effects of global climate change legislation, Domenici noted […]
DOE Stops Diverting Oil
Chairman Bingaman expressed satisfaction at the Department of Energy’s decision today to stop adding oil to the nearly-full Strategic Petroleum Reserve (SPR). The Department’s decision not to sign contracts this year for oil shipments to the SPR comes at a time of record fuel costs, and it follows overwhelming votes this week in Congress asking […]
The Week Ahead (May 19-23)
On Tuesday, May 20, the full committee will receive testimony on recent reports analyzing the energy and economic impacts of climate change legislation. Witnesses include Brent Yacobucci and Larry Parker, both specialists in energy and environmental policy, Congressional Research Service; Howard Gruenspecht, deputy administrator, Energy Information Administration; Brian McLean, director, Office of Atmospheric Programs, Environmental […]
Impacts of Oil Shale
Chairman Bingaman gave the following statement at a hearing on the development of oil shale resources. “Our Nation has vast oil shale resources. We hold over 50 percent of the world’s oil shale resources, amounting to over 2 trillion barrels. Most of this resource is concentrated in Colorado, Utah and Wyoming, with much of it […]
Battle over Biofuels
The volume on the food-vs-fuel debate is getting louder by the day. The issue is complicated, and Chairman Bingaman thinks that it’s wise for folks to catch their breath and get better educated on the complexities before charging ahead with changes. That’s exactly what he and his staff are doing — talking to experts and […]
Domenici Statement on Senate Energy Votes
WASHINGTON – U.S. Senator Pete Domenici, ranking member of the Senate Energy and Natural Resources Committee, today issued the following statement regarding today’s vote on the McConnell Amendment to the Flood Insurance Bill, which contains the American Energy Production Act Domenici introduced two weeks ago: “Today, the Senate missed an important opportunity to […]
Impacts of Climate Change on Energy Infrastructure
Chairman Bingaman’s statement at an oversight hearing on the impacts of global climate change on our national energy infrastructure. “Over the last 4 years, the world has witnessed, through numerous tragedies, the vulnerability of low lying coastal regions to natural hazards—including the tragedy that occurring in Burma last week. It is expected that within the […]
Bingaman on Republican Leadership Energy Amendment
Mr. President, the pending business before the Senate is S.2284, a bill to reauthorize the Federal law governing flood insurance. Our next scheduled vote, however, does not relate to that bill. Our next scheduled vote does not relate to the subject of flood insurance at all. Our next vote will be on an amendment which […]
Domenici to Support Amendment Suspending SPR Contributions
WASHINGTON – U.S. Senator Pete Domenici, ranking member of the Senate Energy and Natural Resources Committee, today issued the following statement regarding votes the Senate is expected to take tomorrow on the McConnell and Reid Amendments to the Flood Insurance Bill: “While I’m perplexed that Senate Democrats will not take this opportunity to […]