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  • President Obama's deal with China to dramatically cut greenhouse gas emissions may go down as one of his lasting legacies once everything is said and done with his Administration. The deal, which was announced at a joint press conference, set far reaching goals of reducing carbon emissions that surprised most everyone over how much the two countries agreed to cut.
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  • For the last six years, the Obama administration has been mulling a controversial plan to open up the Atlantic coast for oil and gas exploration. It seemed inevitable that some sort of drilling would eventually occur in this previously untouched region.
  • For the last two years, global oil prices have been in free-fall, and no one seems to know when the bungee cord will catch. In June 2014, you had to plunk down $110 to purchase a barrel of Brent crude. By early 2015, that had dropped to $60. Today, it costs less than $30 to buy a barrel of oil — a level not seen since 2004. It's a breathtaking decline.
  • Oil fell briefly below $30 a barrel on Tuesday, extending a relentless selloff that has wiped almost 20 percent off prices this year amid deepening concerns about fragile Chinese demand and the absence of output restraint. The day's near 4 percent drop marks a seventh day of losses for oil. Traders have all but given up attempting to predict where the new-year rout will end, with momentum-driven dealing and overwhelmingly bearish sentiment engulfing the market. Some analysts warned of $20 a barrel; Standard Chartered said fund selling may not relent until it reaches $10.
  • Security researcher Brian Wallace was on the trail of hackers who had snatched a California university's housing files when he stumbled into a larger nightmare: Cyberattackers had opened a pathway into the networks running the United States power grid. Digital clues pointed to Iranian hackers. And Wallace found that they had already taken passwords, as well as engineering drawings of dozens of power plants, at least one with the title "Mission Critical." The drawings were so detailed that experts say skilled attackers could have used them, along with other tools and malicious code, to knock out electricity flowing to millions of homes.
  • Everyone is talking about President Obama’s decision to reject the Keystone XL pipeline proposal, but he’s not actually the hero of the story. The Keystone decision is the culmination of a startlingly successful grassroots activist campaign that defied the odds and convinced the Obama administration to change course against building a major piece of fossil fuel infrastructure. Here’s how it came together, as recounted by a few of the key players.
  • U.S. President Barack Obama on Friday rejected the proposed Keystone XL oil pipeline from Canada in a victory for environmentalists who campaigned against the project for more than seven years. "The pipeline would not make a meaningful long-term contribution to our economy," Obama told a press conference. He said it would not reduce gasoline prices, and shipping "dirtier" crude from Canada would not increase U.S. energy security.
  • The Supreme Court dealt President Barack Obama’s environmental agenda a major setback on Monday, ruling that the Environmental Protection Agency had erred in writing its 2012 limits on mercury pollution from power plants. The decision could also alter the administration’s strategy for rolling out an even grander environmental initiative — EPA’s first-ever regulations on power plants’ greenhouse gas emissions, which had been expected later this summer. Monday’s ruling capped a session that delivered mixed signals regarding how the court will judge the inevitable challenge to that landmark climate rule.
  • In the fall of 2011, students in Katie Keranen’s seismology course at the University of Oklahoma buried portable seismograph stations around the campus, in anticipation of a football game between the Sooners and the Texas A. & M. Aggies. The plan was to see if the students could, by reading the instruments, detect the rumble of eighty-two thousand fans cheering for a touchdown. “To see if they can figure out if a signal is a passing train or a cheering crowd—that’s much more interesting for them than discussing data in theory,” Keranen, an assistant professor of geophysics, told me. Outside homes around Prague and nearby Meeker, Keranen and her students, along with Austin Holland, the head seismologist of the Oklahoma Geological Survey, buried their equipment.

Liberal Legislation that Affects the Energy Industry

DatePositive Result\BenefitLawRank
10/14/10On-the-job training opportunities expanded for veterans by reimbursing energy sector employers for training costs. Veterans' Benefit Act

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