Shipwrecks have always had an ethereal quality. But there is also excitement associated with them, despite the tragedy of the sinking, because of the possibility of discovering hidden treasure.
The Russian-Ukrainian “gas war” that took place for 20 days in January and the disruption in December 2005 are part of a long-running struggle between Ukraine and Russia over pricing and transit fees.
The confrontation between Russia and Ukraine in January over natural gas raises questions not just for Europe, but also for the US, experts indicated at a recent seminar at the Heritage Foundation.
The Russian Federation’s oil industry currently is facing a “perfect storm” of difficulties—with simultaneous, sudden low oil prices, high taxes and tariffs, the devaluation of the ruble, and the global financial crisis—according to Russian oil executives evaluating the outlook for Russian oil at a February CERAWeek presentation in Houston.
Sharp divisions have formed over the Obama administration’s budgetary proposals to eliminate “oil and gas company preferences” worth an estimated $31.48 billion over 10 years and raise other taxes on the industry.
US governors brought a wider than usual range of energy ideas to the 2009 winter meeting of the National Governors Association Feb. 21-23 in Washington as they grappled with a deepening recession.
Effective Sept. 16, 2004, a law went into effect that gives the Division of Mineral Resources Management sole authority in Ohio to regulate the permitting, locating, drilling, and operating of oil and gas wells and production facilities.
Recent experience and forecasts have shown a narrowing gap between domestic natural gas supply and consumption, unfavorable oil-to-gas price disconnects, increasing competition for limited liquefaction capacity, and dampened domestic demand due to the current economic decline.
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