Key elements of the energy policy bill and auxiliary tax package passed by the U.S. House of Representatives a week ago — notably a mandatory 15% renewable portfolio standard (RPS), increased taxes on the oil and gas industry, and the lack of increased fuel efficiency standards for autos — spell trouble for a conference committee attempting to reconcile the House bill with a U.S. Senate bill passed earlier this summer (see NGI, June 25).
Auxiliary
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House, Senate Energy Bills Face Contentious Conference
Key elements of the energy policy bill and auxiliary tax package passed by the U.S. House of Representatives over the weekend — notably a mandatory 15% renewable portfolio standard (RPS), increased taxes on the oil and gas industry, and the lack of increased fuel efficiency standards for autos — spell trouble for a conference committee attempting to reconcile the House bill with a U.S. Senate bill passed earlier this summer (see Daily GPI, June 25).
August 7, 2007
Futures Open Late, Move Lower in Abbreviated Session
Powered by auxiliary generators and manned by just a fraction of the traders and staff that usually support the world’s largest energy market, natural gas trading at the New York Mercantile Exchange experienced a 30-minute delayed opening Friday due to the massive electricity blackout. But despite the paucity of traders, the outage, and the storm in the Gulf of Mexico (see related story), trading proceeded in a surprising orderly manner in the abbreviated session that concluded at 12:30 p.m. EDT. The September contract finished at $4.848, down 4.3 cents for the session.
August 18, 2003
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