Convince

The United States can achieve energy security only if it is able to convince lawmakers and litigation-minded stakeholders that allowing access to restricted areas would boost the nation’s oil and natural gas reserves and not add to global warming concerns, a panel of energy experts said this week at the Offshore Technology Conference in Houston.

After nearly eight days on the witness stand trying to convince jurors that he did nothing wrong as president, COO and CEO of Enron Corp., Jeffrey Skilling was able to relax — sort of — by midday Thursday. Tired after a grueling cross-examination that lasted three days, Skilling told reporters outside the Houston courtroom that he had said what he wanted to say.

Dynegy Inc.’s management team last week attempted to convince investors that it was focused on future performance, but the news was overshadowed by a 76% reduction in 2004 earnings’ estimates and a projected net loss in 2005.

Gas traders and independent power producers won an early roundin a long, many-sided contest developing before the National EnergyBoard over costs of excess capacity created by the Canadianpipeline expansion wave.

New York Assemblyman Robin L. Schimminger is trying to convincethe state to open an investigation into the bankruptcy of IroquoisEnergy Management LLC, which left approximately 19,000 residentialnatural gas customers with an estimated $1.8 million out-of-pocketloss due to non-refunded pre-payments.

New York Assemblyman Robin L. Schimminger is trying to convincethe state to open an investigation into the bankruptcy of IroquoisEnergy Management LLC, which left approximately 19,000 residentialnatural gas customers with an estimated $1.8 million out-of-pocketloss due to non-refunded pre-payments.

New Jersey Gov. Christine Todd Whitman has asked PresidentClinton to intercede to convince the Federal Energy RegulatoryCommission to postpone action on the hotly contested MarketLinkexpansion project for 60 days.

Six inches of snow in New York wasn’t enough to convince futurestraders to resume the up-trend the American Gas Association storagereport so thoroughly wiped out last week. The April contract movedsharply lower for the third session in a row, closing down 4.2cents to $1.717. Shortly before the close, the contract broke belowwhat was deemed a key support level at $1.70 to post a low of$1.695 for the day. The $1.755 high was reached just after theopening bell.