Energy system limits future ethanol growth
The rapid increase in ethanol consumption during 2002-06 will prove to have been a one-time event that captured two thirds of the ultimate near-term market.
ASPO: Depletion, technology affect peak oil
The peak oil issue is essentially a race between resource depletion and the continuing development of technology, according to industry and academic experts at the third annual conference by the Association for the Study of Peak Oil (ASPO) in Houston Oct. 17-20.
BP plans company-wide review of operating procedures
BP PLC, as part of its response to a series of accidents, plans next year to review the quality and safety of its operating procedures company-wide.
CFTC report urges expansion of oversight to exempt markets
The US Commodity Futures Trading Commission has requested oversight authority over some contracts and products in unregulated electronic trading venues known as exempt commercial markets (ECMs).
WATCHING GOVERNMENT: A deepwater royalty storm
Many members of Congress already were upset over the absence of price thresholds from federal deepwater leases issued in 1998 and 1999 under which royalties were not paid.
Bush includes energy among Congress’s ‘unmet priorities’
Calling it “another priority that Congress has failed to meet,” US President George W. Bush criticized federal lawmakers on Nov. 13 for failing to act on energy proposals he outlined in his State of the Union address on Jan. 23.
US senators press Bush on deepwater royalties
Forty-three US senators, including five Republicans and one independent, asked US President George W. Bush what steps the administration will take to recover several billion dollars of apparently lost federal deepwater offshore royalties.
WATCHING THE WORLD: Chavez rebuked again
If you think we are the only ones who are concerned about the negative effects that Venezuelan President Hugo Chavez is having on the oil industry, think again.
Ecuador resumes membership in OPEC
Ecuador has resumed its membership in the Organization of Petroleum Exporting Countries, which it left in 1992, with the arrival of President Rafael Correa at a summit of the group’s leaders in Saudi Arabia.