News bites: Climate skeptic to lead House hearing on EPA science

The Washington Post ponders whether the U.S. oil-and-gas boom will create an unwelcome economic side effect.

“In a new research note, JP Morgan economist Michael Feroli argues that in a few years, the boom in oil and natural gas could shrink the U.S. trade deficit significantly. That, in turn, could drive up the value of the dollar, which would in turn hurt U.S. manufacturing and other export sectors,” the Post reports on its Wonkblog.

Bloomberg looks at energy talks between China and Russia.

The Associated Press reports that the Alaska Oil and Gas Association plans to sue the Obama administration over its decision to list two types of ice seals as threatened under the Endangered Species Act.