BUSINESS WEEK wants to be taken seriously; asks DOES PRESIDENT OBAMA REALLY OPPOSE OIL AND GAS DRILLING?
South Louisiana is still sexy - “The Louisiana Mineral and Energy Boardcollected more than $1.1 million during its February sale of mineral rights on state and local lands, according to results released on Friday (Feb. 28). A Baton Rouge-based exploration and development firm led the activity as it staked out inland acreage in Terrebonne Parish. The sale drew more companies and offeredmore land for lease than in previous months, with total bids up from $816,900 in January. The state awarded 20 leases covering nearly 3,000 acres out of 44 nominated tracts covering more than 63,000 acres.” NOLA
KXL protestors arrested in front of White House – “More than 300 people protesting the building of the proposed Keystone XL pipeline were arrested outside the White House on Sunday, according to multiple reports. The protesters, many of them college students, began their protest at Georgetown University before making their way to the White House, with some tying themselves to the outer gates. Police told the Associated Press that 372 people were arrested. U.S. Park Police warned the protesters of arrest if they did not leave the sidewalk in front of the White House.” THE HILL
Los Angeles moves to ban frac-ing - “Los Angeles is poised to ban hydraulic fracturing, acidizing and other technologies used to increase production from oil and gas wells. The City Council voted unanimously Friday to start drafting rules that would bar such practices until city politicians are sure Angelenos and their water are safe. The council asked the city attorney and other staffers to prepare an ordinance that would change the city zoning code.” LA TIMES
More regulations; API still doing their job - ”The Environmental Protection Agency on Monday issued stricter emissions standards for cars and trucks that limit the amount of sulfur that can be used in gasoline. EPA officials hailed the new standards, which they said would prevent as many as 2,000 respiratory deaths per year while imposing minimal costs on refiners and automakers. The American Petroleum Institute, however, said the standards would raise gas prices while providing little environmental gain. The group also said a 2017 deadline for meeting the standards could cause an interruption in supply. “Besides the enormous costs and negligible environmental benefit, we are also concerned about the timeline of EPA’s new rule,” said Bob Greco of the American Petroleum Institute.” THE HILL
Read(s) of the Day…. Ukraine’s False Spark for Oil Prices… Chronicle reporter suggests a piecemeal approach to legalizing crude exports, which a certain SR reader said this morning “doesn’t change a thing with respect to foreign policy concerns.” * 4-letter words omitted.
TPP negotiations still chugging along - ”Completion of a massive Asia-Pacific trade deal may hinge on the efforts of top U.S. and Japanese leaders to narrow their differences on a variety of politically sensitive issues. President Obama and Japanese Prime Minister Shinzo Abe will meet next month in Tokyo and trade analysts say that any sign of breakthrough on their bilateral deal would provide some much-needed momentum to wrap up the Trans-Pacific Partnership (TPP) negotiations.” THE HILL
Democrats decided that proposing a budget would hurt them in November - “One year after writing and passing the first Senate Democratic budget resolution in four years, Senate Budget Committee Chairwoman Patty Murray (D-Wash.) said her conference will not make an effort in the 2014 midterm election year. In a statement, Murray said there was no reason to do a fiscal 2015 budget after the two-year deal struck in December with House Budget Committee Chairman Paul Ryan (R-Wis.).” THE HILL
Mardis Gras won’t stop the protestors in Venezuela - ”While many Venezuelans went to the beach to enjoy the Carnival holiday, thousands of anti-government demonstrators marched in the capital on Sunday, trying to keep up the momentum from weeks of protests demanding President Nicolas Maduro resign.” REUTERS
… Jared Leto gave a shout out to the protesters during his acceptance speech last night… and now Venezuelan officials are calling him a fascist operative in cahoots with the CIA. They don’t like him that much.
Photo of the Day… Food Line in Venezuela
Murphy’s Muddle…. Bill Clinton took a photo with some girls from the Bunny Ranch in Vegas.