Billions

Looking to give people in the energy industry and beyond a way to protect themselves from the billions of dollars in damage incurred during the overly active 2005 hurricane season, the Chicago Mercantile Exchange on Monday rolled out its CME-Carvill Hurricane Index futures and options. The underlying indexes will be calculated by Carvill, an independent reinsurance intermediary in specialty reinsurance that tracks and calculates hurricane activity.

At least 30 states will join Enron Corp. shareholders to pursue billions in damages from the company’s former banking partners. A legal brief filed last week in Houston by attorneys general from across the country claims the states’ residents who were Enron shareholders were injured by the company’s bankruptcy.

At least 30 states will join Enron Corp. shareholders to pursue billions in damages from the company’s former banking partners. According to a legal brief filed Monday in Houston by attorneys general from across the country, the states’ residents who were Enron shareholders were injured by the company’s bankruptcy.

Despite the projected loss of billions of dollars to the federal government, the failure of certain Interior Department employees to include price thresholds in deepwater oil and gas leases in 1998 and 1999 does not rise to the level of criminal activity, the department Inspector General Earl Devaney told a House Government Reform subcommittee Wednesday.

Given the billions of dollars that are being invested to import liquefied natural gas (LNG) into the United States, Alaska runs the risk of being “marginalized” as a source for gas supplies to meet domestic demand, FERC said last Monday in its second report to Congress on the Alaska gas pipeline.

Given the billions of dollars that are being invested to import liquefied natural gas (LNG) into the United States, Alaska runs the risk of being “marginalized” as a source for gas supplies to meet domestic demand, FERC said Monday in its second report to Congress on the progress being made on an Alaska gas pipeline.

Rep. Darrell Issa (R-CA) on Tuesday introduced legislation that would bar federal court review of lawsuits that he estimates could deprive the federal government of billions of dollars in royalties.

Literally billions of dollars and thousands of job can turn on how high (or low) wholesale natural gas prices go in California, the world’s eighth largest economy, said international consulting firm Global Insight, Waltham, MA.

Key Senate Democrats have introduced legislation that seeks to halt billions of dollars of royalty incentives for crude oil and natural gas development on federal lands.