Crude

With crude oil now topping $115/bbl and natural gas prices pressing $11/Mcf, U.S. Sen. Pete Domenici (R-NM) and 19 Republican cosponsors are backing legislation to dramatically increase domestic production of oil and natural gas through the unlocking of restricted territories for exploration.

With crude oil now topping $115/bbl and natural gas prices pressing $11/Mcf, U.S. Sen. Pete Domenici (R-NM) and 19 Republican cosponsors are backing legislation to dramatically increase domestic production of oil and natural gas through the unlocking of restricted territories for exploration.

A 74% spike in crude oil prices since the beginning of 2006 and a 28% dip in the value of the dollar against the euro have substantially affected the competitive positions of domestic energy industries, affecting imports and exports of both gas and coal, and changing usage patterns for natural gas, according to Charles Whitmore of FERC’s Office of Enforcement.

A 74% spike in crude oil prices since the beginning of 2006 and a 28% dip in the value of the dollar against the euro have substantially affected the competitive positions of domestic energy industries, affecting imports and exports of both gas and coal, and changing usage patterns for natural gas, according to Charles Whitmore of FERC’s Office of Enforcement.

With crude oil prices above $105 a barrel and natural gas prices nearing $10/Mcf, a group of chemical manufacturers Friday called on Congress to look again at lifting the moratoria on drilling off the East and West Coasts.

With crude oil prices above $105 a barrel and natural gas prices nearing $10/Mcf, a group of chemical manufacturers Friday called on Congress to look again at lifting the moratoria on drilling off the East and West Coasts.

Although significant steps have been taken both internationally and domestically to protect liquefied natural gas (LNG), refined product and crude oil tankers from terrorist attacks in recent years, major challenges still exist as the LNG tanker traffic into the United States grows, the Government Accountability Office (GAO) said last week.

Although significant steps have been taken both internationally and domestically to protect liquefied natural gas (LNG), refined product and crude oil tankers from terrorist attacks in recent years, major challenges still exist as the LNG tanker traffic into the United States grows, the Government Accountability Office (GAO) said.

While terrorist attacks on Middle East energy infrastructure have spooked primarily U.S. crude markets over the last few years, Monday’s major attack on Mexico’s natural gas pipeline infrastructure, the second in the past three months, helped to jolt natural gas futures 39 cents higher to close Monday’s regular session at $5.891 after trading between $5.455 and $5.920 on the day.