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Editorial: Addiction and tyranny
On the hierarchy of political metaphors, oil has fallen another notch. Former President George W. Bush institutionalized disrespect for the substance when, in the 2006 State of the Union address, he diagnosed the US as “addicted to oil.”
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Special Report: Natural gas vehicles gain in global markets
Natural gas, one of Earth’s cleanest, most abundant resources, accounts for 22% of total US energy use but only 2.2% of the energy used in the US for transportation, although the technology for natural gas vehicles (NGVs) has been available since World War II.
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CERAWeek: BP investing for future despite economy
The oil and gas industry needs to continue investing in technology to achieve greater energy efficiency and to commercialize new energy sources, said Tony Hayward, BP PLC chief executive.
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CERAWeek: Oil companies vow to maintain exploration
Oil companies must resist slashing exploration and development activities during the economic downturn if industry expects to supply energy to meet projected long-term demand, chief executives said Feb. 10 during an energy conference in Houston.
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CERAWeek: Wintershall head guarantees Nord Stream
Wintershall Chairman Reinier Zwitserloot, speaking Feb. 10 in Houston during a Q&A session following a Eurasia Transportation session at Cambridge Energy Research Associates’ annual executive conference, placed the likelihood of completing the trans-Baltic Nord Stream natural gas pipeline at “100.00%.”
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CERAWeek: Al-Naimi urges ‘inclusive energy strategy’
Calling for an “inclusive energy strategy,” the Saudi Arabia minister of petroleum and mineral resources listed factors of price volatility among “newly emerging challenges” facing the oil and gas industry.
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Obama: Energy an essential part of economic recovery plan
Energy components are essential parts of a strong economic recovery plan because they would begin to reduce reliance on imported oil, US President Barack H. Obama told Department of Energy employees on Feb. 5.
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Watching Government: OCS takes center stage
When the US House Natural Resources Committee held the first of three scheduled hearings on offshore oil and gas leasing on Feb. 11, it marked the first opportunity for the 111th Congress to discuss the issue.
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Salazar scraps predecessor’s 5-year OCS plan
Calling it “a headlong rush of the worst kind,” US Interior Secretary Ken Salazar said on Feb. 10 that he was delaying a 5-year Outer Continental Shelf leasing plan, which his predecessor launched last summer.
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Watching The World: Hu eyes African oil
The oil and gas industry has no doubt why Chinese President Hu Jintao visited Saudi Arabia last week.
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Study sees continued deepwater expenditure growth
Despite lower expected expenditures during 2009 and 2010 relative to 2008, a study forecasts that the petroleum industry’s deepwater expenditures will trend upward and reach $35 billion by 2013.
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Utah congressional delegation blasts Salazar order
Republicans in Utah’s congressional delegation angrily responded to US Interior Secretary Ken Salazar’s order to cancel 77 federal oil and gas leases in the state that were sold in December.