Congressional

Fresh data from the independent congressional Joint Committee on Taxation (JCT) reveal that as much as $700 million a year in subsidies are flowing to oil and natural gas companies as a result of a massive corporate tax cut bill that was enacted in 2004, according to Rep. Jim McDermott (D-WA).

Three congressional lawmakers from New York have called on the head of FERC to recuse himself from all matters involving the pending Broadwater Energy LLC liquefied natural gas (LNG) import terminal to be located in Long Island Sound between Connecticut and Long Island, as well as an associated gas pipeline project.

New England congressional lawmakers once again are calling for federal regulators to take a more comprehensive, regional approach to the siting of liquefied natural gas (LNG) import terminal facilities in the region.

Key Democrats in the California congressional delegation have introduced legislation in the House and Senate to permanently ban oil and natural gas leasing off the state’s coastline.

A major natural gas utility group said Tuesday it plans to launch an “aggressive lobbying campaign” this year to win congressional support for stand-alone natural gas legislation aimed at expanding access to domestic supplies.

Capital losses in the energy-producing industry from the back-to-back hurricanes in the Gulf Coast will range from $18 billion to $31 billion, the head of the Congressional Budget Office (CBO) told a House panel Thursday.

If you haven’t sent in one last wish list to the congressional energy bill conferees, you should be aware time is running out. E-mail advisories were flying Thursday when it became apparent the energy bill steamroller was powered up and targeted for completion by next week and the last word on natural gas provisions could well be this weekend or Monday.

Republican Sens. Mel Martinez of Florida and Elizabeth Dole of North Carolina have called on the Congressional Budget Office (CBO) to review the projected cost of carrying out an inventory of oil and natural gas resources in the federal Outer Continental Shelf (OCS).

Congressional negotiators reached a deal Thursday on a $2.6 trillion budget for fiscal 2006 that would, among other things, clear the way for oil and natural gas drilling on the coastal plain of Alaska’s Arctic National Wildlife Refuge (ANWR).