Barack Obama

Americas

Obama hints at changes ahead for oil and gas resources in Union address

President Barack Obama said he would move to change the way in which US oil and coal resources are managed in his final State of the Union address. The Democratic politician said the US had to “accelerate” its transition away from fossil fuels to cleaner energy. Obama, who is now in his final year of office, did not go into any finer details of what that would entail.

Oil & Gas

Obama Keystone rejection seen looming as oil rout eases pressure

The Keystone XL review suddenly looks like a priority for the Obama administration, and cheap oil may be part of the reason. After dragging its feet for years to dodge one of the most contentious energy issues during President Barack Obama’s time in office, the administration took only a couple of days to deny a TransCanada Corp. request to pause the process while the company sought approval in Nebraska. The collapse of crude prices in the face of the US shale boom has lowered gasoline prices, weakening an argument for the $8-billion project that resonated with American voters. This has paved the way for Obama to focus on one issue that’s very dear to him: climate change.

Other News

Barack Obama becomes first US President to cross Arctic Circle in climate change bid

Barack Obama crossed the Arctic Circle in a first by a sitting US president, telling residents in a far-flung Alaska village their plight should be the world’s wake-up call on global warming. His visit to Kotzebue, a town of some 3,000 people in the Alaska Arctic, was designed to snap the country to attention by illustrating the ways warmer temperatures have already threatened entire communities and ways of life in Alaska. He said, despite progress in reducing greenhouse gases, the planet is already warming and the US is not doing enough to stop it.

Oil & Gas

President Obama meets with Gulf nations

President Barack Obama pledged America’s “ironclad commitment” to anxious Persian Gulf nations to help protect their security. He pointedly mentioned the potential use of military force and offered assurances that a potential nuclear agreement with Iran would not leave them more vulnerable. At the close of a rare summit at the presidential retreat at Camp David, Mr Obama said the US would join the Gulf Co-operation Council nations “to deter and confront an external threat to any GCC state’s territorial integrity”. The US pledged to bolster its security co-operation with the Gulf on counter-terrorism, maritime security, cybersecurity and ballistic missile defence.