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Editorial: More ethanol distortion
In the competition of ideas that is so vital to democracy, studies by supposed experts, preferably disinterested, figure prominently.
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Russia redesigns fiscal policy to boost oil E&P
This article is the second of two parts addressing the challenges facing Russia’s oil and gas industry.
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OPEC summit reveals strategies for sustaining industry
The Organization of Petroleum Exporting Countries will try to keep prices at its current low level this year “to sustain the economy,” said OPEC Sec. Gen. Abdalla Salem El-Badri at the 10th International Oil Summit in Paris in early April.
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CFTC: Cause of 2008’s oil-price surge remains elusive
Nine months after crude oil prices reached record levels, experts agreed at the US Energy Information Administration’s 2009 annual conference on Apr. 7 that speculators shouldn’t be blamed.
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Watching Government: Tax proposals still lurk
The oil and gas tax increases that were part of the Obama administration’s fiscal 2010 budget request did not make it into either the US Senate or House’s broad reconciliation proposals in early April.
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DOI’s OCS comment process limited, House Republicans charge
Ranking minority members of two US House committees expressed concern Apr. 7 that the US Department of Interior is limiting public comments as it considers a comprehensive 5-year US Outer Continental Shelf leasing plan.
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DOE notes water as key issue in deep shale gas primer
Protecting and conserving water resources will be the key challenge in developing domestic deep shale gas, the US Department of Energy said as it released a primer for regulators, policymakers, and the general public on Apr. 14.
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China, Venezuela agree to speed up increased oil shipments
Venezuelan President Hugo Chavez and his Chinese counterpart Hu Jintao, have agreed to bring forward the starting date of long-planned increased Venezuelan oil exports to the East Asian nation.
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Watching The World: Japan wising up to Russia
The oil and gas industry has read much recently about the difficulties of dealing with Russia.
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US LNG market may get 2 bcfd surge
A 60-day surge of an additional 1.5-2 bcfd of LNG is likely to hit the US market this summer, on top of its baseload LNG supply of 0.7-1 bcfd, said analysts at Pritchard Capital Partners LLC, New Orleans.
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RPSEA advances six small-producer projects
The nonprofit Research Partnership to Secure Energy for America (RPSEA) has selected six proposals for negotiation of advanced-technology assistance to small producers.
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Pemex upbeat about Mexico’s oil production goals
Mexico’s Petroleos Mexicanos, faced with reports of steep production declines, has announced plans to raise its replacement rate to 100% by 2012for proved reserves of oil and natural gas.