Editorial: The energy-economy link
The US government is veering off course on energy policy and economic stimulus. Its persistent hostility toward development of natural resources severely limits the potential of both initiatives.
Upstream restructuring, better returns might help attract investors
In order to attract new investors by providing better returns, the oil industry might have to restructure its upstream operations into pure exploration companies that find and sell new reserves and pure production companies or royalty trusts that liquidate those reserves.
Watching the World: Politics or technology
Efforts by the Organization of Petroleum Exporting Countries to limit output in support of prices have been going on for several years in some shape or form.
Watching Government: Punishment without crimes
A US Senate bill that aims to keep fuel out of the hands of terrorists could make criminals out of the victims, according to the Petroleum Marketers Association of America.
Discoveries alter Caspian region energy potential
Within the past 18 months, a number of key world-class oil and gas discoveries have transformed the outlook for the Caspian Sea region.
Andersen poll: lower oil prices, more spending expected
Most of the 900 industry representatives attending the annual 2-day Arthur Andersen LLP energy symposium expect increased demand for oil and natural gas, with lower, more volatile crude prices, and less investment capital available over the next 3 years.
Congressional committees expand Enron investigation
Congressional committees examining the collapse of Houston-based energy trader and marketer Enron Corp. expanded their investigation early last week, calling on the firm to release documents relating to off-balance sheet entities and risk-management policies.