Comment: US can manage energy cost without ‘punishing’ industry
Driven by public outcry over $4/gal gasoline, the US energy policy debate is beginning to shift toward discussions for a return of punitive, self-defeating measures directed at companies that produce the nation’s fuels.
Debate on commodities bill divides US Senate
Democrats and Republicans traded charges of obstructing debate as the US Senate began on July 22 to discuss Majority Leader Harry M. Reid’s (D-Nev.) bill to reform energy commodity markets.
Supply, demand drove oil prices, says CFTC-led taskforce
Fundamental supply and demand forces provide the best explanation for recent crude oil price increases, concluded a staff report for the Interagency Task Force on Commodity Markets.
Watching Government: Cavaney raises important points
In a week that began with US President George W. Bush’s rescinding the presidential Outer Continental Shelf oil and gas leasing withdrawal and ended with the US House defeating the latest bill incorporating “Use it or lose it” provisions, American Petroleum Institute President Red Cavaney raised some important points.
Another US House energy bill falls short of passage
The US House of Representatives rejected the Democratic leadership’s latest energy bill in a 244-173 vote on July 17 when HR 6515–which came to the floor under a rules suspension–fell short of the necessary two-thirds vote for passage.
BLM releases proposed oil shale development regs
The US Bureau of Land Management on July 22 published proposed regulations to establish a commercial oil shale development program, which it said could add as much as 800 billion bbl of oil to US reserves.
Pertamina import ‘irregularities’ examined
Indonesia’s state-owned PT Pertamina, already a candidate for government scrutiny over corruption in the upstream sector, is facing charges by legislators of “irregularities” in its importation of crude oil and products.
Watching The World: Mixing oil and politics
Do any other oil and gas analysts feel that the 1950s are approaching again? I don’t mean gasoline priced at 25 ¢/gal, either.
Markets ready for rise in Canadian oil sands production
Production of Canadian oil sands bitumen will continue to rise in the coming decades but not without advances in processing technologies and the adoption by producers of varied strategies to market the resulting heavy crude blends.
Alberta keeps oil sands’ environmental impacts in check
The burgeoning development of Alberta’s vast oil sands resources and its effect on the province’s land, water, and air is being closely and carefully monitored by government officials as well as other environmental research agencies to ensure its sustainability.