Sen. Lisa Murkowski yesterday called for lifting the decades-old ban on crude exports.
In a speech to the Brookings Institution, she said the oil boom in North Dakota and elsewhere in the Lower 48 calls for a wholesale review of the energy export rules.
“The regulatory edifice that governs the export of American made energy is antiquated and at times … absurd,” she said.
She says if the country doesn’t act, the light oil flowing from North Dakota will create a glut on the market, while most of the nation’s refineries are set up to handle heavier crude from the Gulf of Mexico.
She’s not proposing comprehensive energy export legislation. She says the executive branch has the authority to change the rules, but she says she can introduce smaller targeted bills if needed.
- The co-chairmen of the House Finance Committee revised their plans to introduce an income tax to Alaska for the first time in nearly four decades.
- The Sitka Sound sac roe herring fishery is in full swing. In less than a week, the fleet has caught over half of its quota. And while most crew members work on the water, spotter pilots fish for herring from the sky.
- A lot of eyes were on the U.S. House today, but, as Republican factions shuttled to the White House to negotiate, it was a day of waiting for most.
- Gov. Walker’s legislation creates a new definition for independent contractors that would determine whether employers have to pay to insure against on-the-job injuries.