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Blow

Obama Budget Proposes $30B Tax Hike for Producers

Producers last Thursday called President Obama’s budget for fiscal year 2010 a “devastating blow,” saying it would raise taxes by more than an “astonishing” $30 billion over a 10-year period.

April 6, 2009

Obama Budget Proposes $30B Tax Hike for Producers

Producers Thursday called President Obama’s budget for fiscal year 2010 a “devastating blow,” saying it would raise taxes by more than an “astonishing” $30 billion over a 10-year period.

February 27, 2009

Interior Slows Review of Five-Year OCS Leasing Plan

The Obama administration Tuesday delivered its second blow to domestic oil and natural gas producers in less than a week — this time considerably slowing the process for review of the new five-year offshore leasing plan (2010-2015) that was issued in the final days of the Bush administration.

February 26, 2009

Producers Protest Decision to Stall Bush-Era Leasing Plan

The Obama administration last Tuesday delivered its second blow to domestic oil and natural gas producers in less than a week — this time considerably stalling the process for review of the new five-year offshore leasing plan (2010-2015) that was issued in the final days of the Bush administration. The action elicited widespread protests from producers.

February 16, 2009

Futures Fall Following ‘Bearish’ 159 Bcf Storage Draw

Natural gas futures bulls were dealt another blow Thursday morning as the Energy Information Administration (EIA) reported that only 159 Bcf was withdrawn for the week ended Feb. 6. Immediately following the report, the March natural gas contract scouted lower prices and ended up closing at $4.485, down 4.7 cents from Wednesday’s finish.

February 13, 2009

Dominion’s 4Q Earnings Increase Despite Economy, Weather

Despite absorbing the two-headed blow from mild weather and the economic recession, Richmond, VA-based Dominion Resources posted 4Q2008 unaudited net income of $348 million, or 60 cents per share, up 16% from net income of $299 million, or 52 cents per share, for the same period in 2007.

February 2, 2009

Waxman Selection Signals Turn Leftward

In what is seen as a potential blow to energy interests, Rep. Henry Waxman (D-CA) unseated longtime rival Rep. John Dingell (D-MI) last Thursday for the leadership of the powerful House Energy and Commerce Committee in a 137-122 vote of the House Democratic Caucus. Dingell has been the ranking Democrat on the House energy panel since 1981.

November 24, 2008

ALJ Dismisses Meat of Enforcement Case Against Oasis Pipe

In a blow to FERC’s enforcement case against Energy Transfer Partners’ Oasis Pipeline LP, a presiding administrative law judge (ALJ) last Tuesday dismissed the agency’s most serious charge against the pipeline — that its discriminated against nonaffiliated shippers in favor of affiliated shippers.

November 24, 2008

Waxman Unseats Dingell for Leadership of Energy and Commerce

In what is seen as a potential blow to energy interests, Rep. Henry Waxman (D-CA) unseated longtime rival Rep. John Dingell (D-MI) Thursday for the leadership of the powerful House Energy and Commerce Committee in a 137-122 vote of the House Democratic Caucus. Dingell has been the ranking Democrat on the House energy panel since 1981.

November 21, 2008

ALJ Dismisses Meat of Enforcement Case Against Oasis Pipe

In a blow to FERC’s enforcement case against Energy Transfer Partners’ Oasis Pipeline LP, the presiding administrative law judge (ALJ) Tuesday dismissed the agency’s charge that the pipeline discriminated against nonaffiliated shippers in favor of affiliated shippers.

November 20, 2008