Editorial: Deregulation needs boost
The US still should deregulate electricity markets.
SPR drawdowns trigger law of unintended consequences
The US has embarked on a massive operation to weaken terrorists globally-with the support and approval of a multilateral coalition of unprecedented size and diversity. On Oct. 7, the US and the UK began military air strikes against the followers of Osama bin Laden and his supporters, including the Taliban, in Afghanistan.
SPR volumes reflect oil stocks trend
Before President George W. Bush announced last month that the US would fill the Strategic Petroleum Reserve with federal royalty oil from Gulf of Mexico fields over the next 2 years (OGJ Online, Nov. 13, 2001), researchers at Petroleum Industry Research Foundation Inc. had released a report urging the government to fill the SPR now while oil prices are low and "the risks of disruption are growing (OGJ Online Oct. 30, 2001)."
Russia offers olive branch of deeper cut to OPEC
Russia last week may have averted the possibility of a damaging market share war with the Organization of Petroleum Exporting Countries by telling OPEC it will increase its proposed oil export output cuts to 150,000 b/d.
US Senate Democrats introduce energy reform bill
US Senate Democrats last week introduced an energy bill plan they claim is more balanced than a pending Republican proposal that passed the House last August.
Watching Government: Favored fuel
It's a good time to be in the fuel ethanol business.
Watching the World: An arranged marriage
The recent drama involving Kvaerner AS, at 148 one of Norway's oldest and proudest companies, and OAO Yukos, Russia's second largest oil company and an aggressive and acquisitive newcomer, unfolded like a play by the greatest Norwegian dramatist, Henrik Ibsen.
COMPANY NEWS: Enron's fall sends tremors through energy industry
One-time financial and energy giant Enron Corp. filed for Chapter 11 bankruptcy protection Dec. 2 and sued former suitor Dynegy Inc. for $10 billion for alleged breach of contract for terminating a last-minute merger.
PriceWaterhouseCoopers appointed administrator of Enron Europe assets
Accounting firm PriceWaterhouseCoopers late last month said it has been appointed administrator of Enron Corp.'s London-based European operation, after the Houston energy giant's subsidiary sought protection from creditors under UK laws.