Editorial: A dangerous compromise
Rumors circulated last week that oil industry representatives are ready to compromise with ethanol interests over additives for reformulated gasoline. Here's hoping they're not true.
Congress, White House eye energy market oversight in Enron aftermath
A legislative battle is shaping in the US Congress over whether more regulatory oversight of energy markets is needed in the wake of the Enron Corp. financial debacle, according to US officials and industry lobbyists.
FERC official proposes interagency energy market task force
Government agencies that oversee various aspects of US energy markets should consider forming an interagency task force to monitor new business trends in the oil, gas, and electric power markets, said Federal Energy Regulatory Commissioner Nora Brownell.
Watching Government: Stalled crisis
Unless the White House decides to bomb Iraq in the near future, it's likely the energy price "crisis" is temporarily over for American consumers.
Industry groups ask for updated offshore drilling rules
A coalition of US industry trade groups representing both major and independent oil and gas companies is unhappy with pending legislation designed to update federal coastal zoning laws. They say the bill may further discourage offshore drilling.
CERA: Executives assess energy industry risks
In the shadow of the Sept. 11, 2001, terrorist attacks on New York and Washington, DC, "our greatest new risk could be failing to take the old risks essential to earning the rewards of our business and supplying our customers," Peter J. Robertson, vice-chairman of ChevronTexaco Corp., told a conference of energy executives in Houston last week.
Watching the World: Every little bit helps
Having spent some time recently listening to the directors of the major oil companies reveal their annual profits and aspirations for the coming year, one could be forgiven for thinking that the oil industry deals only in dollars and pounds by the billion.