2005

The Department of Energy’s (DOE) proposed $88 million in budget cuts for energy efficiency research and development in fiscal 2005 marks a “retreat” from the agency’s prior commitment to tackle escalating natural gas prices, said the American Council for an Energy-Efficient Economy (ACEEE) last week.

The Bush administration’s proposed budget of $1.7 billion for the Bureau of Land Management (BLM) in 2005, a $53 million increase from 2004, has little that’s new in it for the natural gas industry. It does more for the renewable energy sector than for non-renewable resources.

The Bush administration’s proposed budget of $1.7 billion for the Bureau of Land Management (BLM) in 2005, a $53 million increase from 2004, has little that’s new in it for the natural gas industry. It does more for the renewable energy sector than for non-renewable resources.

The Department of Energy’s (DOE) proposed $88 million in budget cuts for energy efficiency research and development in fiscal 2005 marks a “retreat” from the agency’s prior commitment to tackle escalating natural gas prices, said the American Council for an Energy-Efficient Economy (ACEEE).

EOG Resources Inc. plans to grow its production 6.5% in 2004, 10% in 2005 and 7% in 2006 — and expects North American natural gas to be a key component of the growth, the CEO said Monday.

In announcing better-than-expected earnings last Tuesday, PSEG CEO E. James Ferland said growth prospects for his energy and energy services company are the strongest in its 98-year history because of high expectations for its unregulated power generation and global energy operations. He expressed confidence that PSEG can both maintain its current dividend and achieve a 7% compound growth rate over the next five years.

In announcing better-than-expected earnings yesterday, PSEG CEO E. James Ferland said growth prospects for his energy and energy services company are the strongest in its 98-year history because of high expectations for its unregulated power generation and global energy operations. He expressed confidence that PSEG can both maintain its current dividend and achieve a 7% compound growth rate over the next five years.

The Natural Gas Supply Association said it expects an additional200 Bcf/year of incremental gas demand growth by 2005 from theEnvironmental Protection Agency’s new more competitive standardsfor NOx emissions from new power generation boilers. EPAAdministrator Carol Browner signed the final rule, Utility BoilerNox New Source Performance Standards (NSPS), last week.