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U.S. Energy Roundup Friday, January 27, 2012 (58 reads)
The Environmental Protection Agency is likely to issue a proposed new rule Feb. 3 that would attempt to counter climate change by regulating greenhouse gas emissions from power plants.
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President Obama to Open Gulf for Drilling Friday, January 27, 2012 (57 reads)
The Obama administration is to open 38 million acres of the Gulf of Mexico for drilling, possibly yielding as much as 1 billion barrels of oil and 4 trillion cubic feet of natural gas.
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President Obama to Rewrite Tax Code Friday, January 27, 2012 (57 reads)
President Obama is to propose an overhaul of the U.S. corporate tax system. The proposal is expected be released at around the same time as the fiscal year 2013 budget in mid February.
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Cuts Cannot Exclude U.S. Defense Friday, January 27, 2012 (78 reads)
Despite plans brewing on Capitol Hill to prevent $600 billion in across-the-board spending cuts to the Pentagon’s budget, chairman of the Senate Armed Services Committee, Carl Levin (D-Mich.), said on Jan. 26 that the cuts must apply to defense if they will force a debt reduction compromise in the Senate.
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