Economic

Northern pipeline rivalry is taking on political overtones of economic nationalism, with Northwest Territories Premier Stephen Kakfwi calling on industry and government leaders to stand up for Canada by backing a Mackenzie Valley route against the Alaska Natural Gas Transportation System.

Spurred by $20-plus/barrel oil prices, robust economic growthand a deep exploratory well blowout that lasted for months,optimism is growing in California’s central valley oil patch inKern County near Bakersfield.

Spurred by $20-plus/barrel oil prices, robust economic growthand a deep-well exploratory blowout that lasted for months,optimism is growing in California’s central valley oil patch inKern County near Bakersfield.

The Senate unanimously passed two economic relief measures forindependent oil and gas producers last week. The bad news, however,is that the initiatives are part of a supplemental spending billthat President Clinton has threatened to veto because theexpenditures – mostly for foreign aid efforts – would cut intospending for domestic programs that he supports.

The Senate unanimously passed two economic relief measures forindependent oil and gas producers on Tuesday. The bad news,however, is that the initiatives are part of a supplementalspending bill that President Clinton has threatened to veto becausethe expenditures – mostly for foreign aid efforts – would cut intospending for domestic programs that he supports.

Coalbed methane leaseholders in Wyoming and across the nationhave been saved from “suffering extensive economic trauma,” Sens.Craig Thomas (R-WY) and Mike Enzi (R-WY) and Rep. Barbara Cubin(R-WY) said in a joint statement last week.

Coalbed methane leaseholders in Wyoming and across the nationhave been saved from “suffering extensive economic trauma,” Sens.Craig Thomas and Mike Enzi and Rep. Barbara Cubin said in a jointstatement yesterday.

Last year, Duke Energy’s LNG imports soared 337% to 30.6 Bcf.But 1998 is expected to be even better because the recent economiccrisis in Asia has stifled demand while LNG shipping and productioncosts have been declining. Duke Energy LNG Sales announcedyesterday it purchased three more spot cargoes of liquefied naturalgas (8.9 TBtu) from the North West Shelf LNG Project in Australia.The company has arranged to sell the LNG in U.S. markets in June,August and November. It will be imported at Duke’s Trunkline LNGreceiving terminal located in Lake Charles, LA. The shipments willcome from North West Shelf’s liquefaction facilities located atWithnell Bay in the port of Dampier in Australia.