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Analysis
Senate energy bill?s key elements go beyond eastern Gulf of Mexico
(Jun 22, 2009)
Oil and gas trade associations applauded the US Senate Energy and Natural Resources Committee’s new energy bill because it would open parts of the eastern Gulf of Mexico. But the measure contained several other elements which would directly affect the industry.
Capital Commentary
BLM's 2009 leasing is off to a good start, Salazar says. So are protests.
(Jun 30, 2009)
US Interior Secretary Ken Salazar cited the Bureau of Land Management's robust 2009 oil and gas leasing schedule a day after Utah's BLM office delayed issuing 31 awarded leases to resolve protests which arrived after the filing deadline.
Update
GAO finds modest wholesale gasoline prices changes following three mergers
(Jul 1, 2009)
Three of the seven mergers of major US oil companies and large independent refiner-marketers since 2000 led to statistically significant wholesale gasoline price changes, the Government Accountability Office said.
House approves controversial climate change bill by seven votes
(Jun 30, 2009)
The US House of Representatives passed by 219 to 212 votes on June 26 a global climate change bill with a domestic carbon cap-and-trade program. The narrow margin showed that several Democrats, as well as most Republicans, had problems with the measure’s provisions.
House poised to narrowly pass Waxman-Markey climate change bill
(Jun 26, 2009)
The US House of Representatives appeared poised to narrowly approve a bill to establish a domestic carbon cap-and-trade program to address global climate change following heavy lobbying by both House Democratic leaders and the White House.
Salazar selects former DOI associate solicitor as MMS director
(Jun 25, 2009)
US Interior Secretary Ken Salazar named Liz Birnbaum, a lawyer with two decades of federal and private sector energy and environment experience, director of the US Minerals Management Service on June 25.
House cap-and-trade bill may beat Senate energy measure to floor
(Jun 24, 2009)
A US House measure which would create a domestic cap-and-trade system to address global warming apparently will beat the Senate’s broader energy bill to the floor, but both face major opposition.
Duly Noted
'No amount of econometric sleight-of-hand can make that true'
(Jun 25, 2009)
American Petroleum Institute President Jack N. Gerard, in a June 24 statement on the Congressional Budget Office’s estimates of costs per household in 2020 of HR 2454, the Waxman-Markey bill.
'Historic legislation that will transform the way we produce and use energy'
(Jun 24, 2009)
US President Barack H. Obama, at a June 23 press conference, discusses pending legislation’s role in administration efforts to build a clean energy economy.
On the Horizon
House panels schedule joint hearing on financial derivatives
(Jul 1, 2009)
The US House’s Agriculture and Financial Services Committees will hold a joint hearing on Obama administration proposals to regulate over-the-counter derivative markets on July 10 at 10 a.m.
Other Headlines
EPA extends RFS-2 comment deadline to Sept. 25
(Jul 2, 2009)
The US Environmental Protection Agency extended the public comment period on proposed changes in its renewable fuel standard program, commonly called RFS-2, by 60 days.
Madden field tight gas, water production unrelated, USGS study says
(Jul 2, 2009)
Production-time diagrams of fluids produced from three tight gas accumulations in Wyoming’s Madden field showed little or no correlation between gas and water, a new US Geological Survey study found.
USGS assessment lists 76 billion bbl equivalent on Barents Sea Shelf
(Jul 2, 2009)
More than 76 billion bbl of oil equivalent may be technically recoverable on the Barents Sea Shelf, the US Geological Survey said in a June 30 fact sheet.
Federal hydraulic fracturing regulation's economic impacts estimated
(Jul 1, 2009)
US economic strength would be reduced by several billion dollars in the next five years if hydraulic fracturing was federally regulated, the second part of an American Petroleum Institute-commissioned study found.
BLM signs decision record on Rocktober gas project in Wyoming
(Jun 29, 2009)
The US Bureau of Land Management’s Cody, Wyo., field manager signed a decision record on June 29 for seven proposed natural gas wells in the McCullough Peaks area east of Cody.
Public underestimates oil, gas role in energy future, survey finds
(Jun 29, 2009)
Although Americans recognize that the United States will need more energy, they still underestimate the amount of oil and gas which will be needed, a survey commissioned by the American Petroleum Institute found.
SEC charges two former Quest Resource executives with fraud
(Jun 23, 2009)
The US Securities and Exchange Commission charged two former Quest Resource Corp. executives on June 17 with securities fraud and other violations for allegedly misappropriating millions of dollars.
CBO puts average cap-and-trade costs per household at $175 in 2020
(Jun 23, 2009)
The average cost per US household of a proposed cap-and-trade program in legislation before the House would be $175 in 2020, or $22 billion nationwide, the Congressional Budget Office said.
SEC charges Berkshire Resources and its principals with fraud
(Jun 22, 2009)
The US Securities and Exchange Commission charged Berkshire Resources LLC and its principals, Jason T. Rose and David G. Rose, with securities fraud on June 7 in connection with their oil and gas offerings.
FERC issues draft EIS for proposed Ruby Pipeline Project
(Jun 22, 2009)
Construction and operation of a proposed natural gas pipeline across four western states would have some adverse impacts which could be mitigated, the Federal Energy Regulatory Commission said in a draft environmental impact statement. |
OGJ Washington Pulse Blogby Pennwell Blogs AdministratorOGJ Editor NICK SNOW shares nearly 30 years of insight regarding the policy and politics that play into the U.S. Government's energy-related decisions. Stelzer: Consumption tax being considered
Economist Irwin M. Stelzer made a bold prediction last week at the American Gas Association’s monthly Natural Gas Roundtable luncheon: The Obama administration will consider a national consumption tax as a way to reduce the soaring federal budget...
How the Treasury justifies those proposed new oil taxes
Anyone who lives and works in Washington quickly learns that, as with Alice in Lewis Carroll’s Through the Looking Glass, periodically “things get curiouser and curiouser.” It started most recently for me at an otherwise routine hearing this past...
Hinchey reveals hit list. It’s called EPACT.
He would be the first to tell you that he doesn’t much care for the oil and gas industry. So it was hardly surprising that Rep. Maurice D. Hinchey (D-NY), when it was his turn to speak to US Interior Secretary Ken Salazar at the Interior Appropriations...
Past Issues |
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RTE PROMO AREA
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