Federal offices will be closed Wednesday in observance of a national day of mourning for President George H. W. Bush, the 41st president of the United States, who died Friday. He was 94. Bush began his career in West Texas as an oilfield equipment salesman for Dresser Industries, a subsidiary of Brown Brothers Harriman & Co., where his father, Prescott Bush, had served on the board of directors for 22 years. Bush founded and worked as a wildcatter for the Bush-Overbey Oil Development Co. in 1951. He later formed the Zapata Petroleum Corp., which was active in the Permian Basin. Bush was named president of subsidiary Zapata Offshore Co. in 1954. He continued to serve as president of the company until 1964 and was chairman until 1966, when he was elected to the U.S. House of Representatives as the first Republican to represent Houston. Bush served as U.S. Ambassador to the United Nations, chairman of the Republican National Committee and director of the Central Intelligence Agency before joining the ticket with Ronald Reagan in 1980 to win election as vice president. He was elected president in 1988 and served one term. Intercontinental Exchange Inc. said ICE Futures U.S. will observe a moment of silence to honor Bush on Wednesday.
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Articles from Bush
Trump Plans to Nominate Wheeler as EPA Administrator
President Trump said he wants Andrew Wheeler, who currently serves as acting administrator of the Environmental Protection Agency (EPA), to become the agency’s official leader, and will send Wheeler’s name to the Senate for confirmation.
Colorado Floods Raise Oil/Gas Concerns
Some state legislators cited storm damage in attempt to revive an anti-drilling campaign.
Ex-BLM Director Calls Federal Fracking Rules ‘Senseless’
A former director of the Interior Department’s Bureau of Land Management (BLM) under the last President Bush called the agency’s efforts to regulate hydraulic fracturing (fracking) of oil and natural gas production on public lands “senseless.”
Producers Back Obama Administration’s Polar Bear Decision
The American Petroleum Institute (API) says it supports the Interior Department’s decision to retain the controversial Bush-era polar bear rule, which restricts the use of the Endangered Species Act (ESA) to address greenhouse gas (GHG) emissions that are contributing to the shrinking of the bear’s Arctic habitat.
MMS Gives Obama Blueprint for Drilling in Banned Offshore Regions
President Bush handed the incoming Obama administration a political conundrum Friday as the U.S. Minerals Management Service (MMS) issued a draft five-year plan to allow oil and natural gas leasing in long-banned areas offshore. Obama, who previously voiced support for “responsible drilling” now has to decide whether to allow the draft plan to move forward, or explain how reinstating a decades-old moratorium would help the United States gain its independence from foreign energy supplies.
MMS Gives Obama Blueprint for Drilling in Banned Offshore Regions
President Bush handed the incoming Obama administration a political conundrum Friday as the U.S. Minerals Management Service (MMS) issued a draft five-year plan to allow oil and natural gas leasing in long-banned areas offshore. Obama, who previously voiced support for “responsible drilling” now has to decide whether to allow the draft plan to move forward, or explain how reinstating a decades-old moratorium would help the United States gain its independence from foreign energy supplies.
Bush Administration Boosts Funding for NOAA Hurricane Research
The Bush administration is increasing funding for the National Oceanic and Atmospheric Administrations’s (NOAA) hurricane research and forecast improvements’ efforts by $13 million for fiscal year (FY) 2009, the agency said.
Bush Signs Bill Temporarily Suspending SPR Shipments
Despite his oft-repeated opposition to the measure, President Bush has signed into law legislation (HR 6022) temporarily suspending deliveries of crude oil to the Strategic Petroleum Reserve (SPR) in an attempt to ease gasoline prices. The new law will suspend SPR shipments until either the end of the year or when crude oil prices dip below $75/bbl.
Schwarzenegger: U.S. Should Commit to Fixing Climate
California Gov. Arnold Schwarzenegger returned somewhat to the Republican fold Wednesday, praising President Bush for acknowledging that the nation and world have a climate change problem. But he reminded the president he has now also said the nation has a responsibility to do something to help fix the problem.
