Over the next year, the Obama Administration and Congress will debate how to address a wide variety of energy tax and fee issues. This comes on the heels of last year’s high oil and gas prices and record profits for companies in the industry which had Congress deliberating windfall taxes and more drastic action. Now […]
The New York Times published an article highlighting the schism in the environmental movement between those who choose to fight development of alternative energy programs which may cause some environmental harm and others willing to cede some ground for progress in broader environmental goals. For example, strict environmentalists are fighting against the development of wind […]
The New York Times published an article on the falling price of domestic natural gas, which, in part, it attributes to an increase in imported liquefied natural gas (LNG). A lower price of natural gas may spur additional use of it in the transportation sector, reducing net CO2 emissions — a positive development not just […]
Today the Secretary of the Interior Ken Salazar spoke to oil executives and stated: Just as your shareholders expect you to get a fair rate of return on your investments and to be wise stewards of your balance sheets, the American people are asking the same of us as we manage their resources Bravo, Ken. […]
The Minerals Management Service (part of the Department of the Interior) and the Federal Energy Regulatory Commission announced they they will work together in regulating offshore alternative energy activities. This is a necessary but belated step. What’s worrisome is a nascent turf battle between the two agencies, especially at offshore sites that interest more than […]
Over the weekend OPEC members decided not to cut oil production levels. Instead, they chose to focus on doing what cartels are supposed to do: join together to regulate output. OPEC announced yesterday that member states would restrict oil production to their allotted amounts “to contribute to market stability” as members have yet to completely […]