The Republican presidential candidate Jeb Bush has called for an end to the ban on US oil exports as well as an ease on restrictions on natural gas exports. The former Florida governor is calling for an end to 1970s-era law prohibiting the US from exporting crude oil. It comes at a time when domestic petroleum production has grown rapidly over the past 10 years.
Republican presidential candidate Jeb Bush will unveil a national energy plan next week that is a key part of his pledge to spur 4 percent economic growth. The plan, which Bush will detail at a natural gas company near Pittsburgh, is the latest roll-out from the former Florida governor as he attempts to sell himself to voters as the policy heavyweight in the field and steer clear of the personal battles that have erupted in the nomination race as Donald Trump has risen in the polls. Bush’s team will give a sneak peak of the plan to donors on Monday, a day before the candidate discusses it publicly, according to an invitation obtained by Bloomberg. On Tuesday, Bush talks about the plan during a campaign event at Rice Energy Inc., a company based about 35 miles outside Pittsburgh that acquires, explores and develops natural gas and oil properties in the Appalachian Basin, said Tim Miller, a Bush campaign spokesman.
North Sea oil and gas leaders have not thought about the impact of Jeremy Corbyn becoming leader of the Labour Party, an MP claimed yesterday. Shadow Scottish Secretary Ian Murray said there was no point in people "wasting their time speculating" about the consequences of the left-winger winning the leadership race. Mr Corbyn is the favourite to be elected as the successor the Ed Miliband later this month.