Editorial: Governments and energy-2 - The fall of restraint
Stiff resistance by the European Commission against a $44 billion merger of two US companies should trouble the oil and gas industry on several levels. One huge concern should be the ready exercise of veto power by an international body that doesn't represent the affected companies' home country. Activism such as this in any industry represents government misguidedness of a type now leading the US back in the direction of energy price controls (OGJ, June 25, 2001, p. 19).
California: The state of denial
As California lurches toward third-world energy status, denial of responsibility is the order of the day from San Diego to Napa Valley (OGJ, June 25, 2001, p.17). c
IPAA panel says US gas output, demand gap to widen
An Independent Petroleum Association of America panel predicts US natural gas demand will increase 1.8%/year for the foreseeable future, rising to 24.8 tcf by 2005, to 28.1 tcf in 2010, and 30.7 tcf in 2015.
California red tape hampers gas storage expansion
A proposal to double the size and triple the withdrawal capacity of a natural gas storage facility in energy-starved California is being hampered by regulatory delays, the president of an independent Canadian storage firm said late last month.
Watching Government: Baby steps
In Washington, DC, it's been one step forward, two steps back on energy policy, industry officials say.
EPA slates July hearings on NSR energy roadblocks
The US Environmental Protection Agency has scheduled meetings to take public input on whether enforcement of a Clean Air Act rule is hampering investment in electric generating and refinery capacity.
Watching the World: Thwarted urge to merge
Industrial logic-some commixture of synergies and corporate survivalism-would appear to make an open-and-shut case for a full-scale, three-way merger among the leading regional oil and gas companies in central and eastern Europe, namely Poland's PKN Orlen, Hungary's MOL Rt., and Austria's OMV AG.
UK government launches review of energy policy
British Prime Minister Tony Blair last week announced that the government's Performance and Innovation Unit would undertake a strategic review of the country's long-term energy policy to consider the roles coal, gas, oil, and renewables would play in meeting the UK's future energy supply needs.