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.
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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.
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.
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.
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were dealt another blow Thursday morning as the Energy Information Administration (EIA) reported that only 159 Bcf was withdrawn for the week ended Feb. 6.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.
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.
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.
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.
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.
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.