Events

Rapid-fire events in the energy sector upheaval preclude development of a comprehensive national energy policy right now, according to an energy expert with Akin Gump Strauss Hauer & Feld LLP.

It was only a matter of time before Democrats called for a hearing to explore what role, if any, extreme weather events and climate change played in the Frankenstorm that slammed into the northeastern coast this week when Hurricane Sandy teamed with a cold front from the West to create a superstorm.

The House Agriculture Committee has subpoenaed Jon Corzine, former CEO of MF Global Holdings Ltd. and former governor of New Jersey, to attend a hearing Thursday to explain the events that led up to the company’s Oct. 31 bankruptcy and the disappearance of an estimated $1.2 billion in customer funds.

Given the events in Japan and last September’s fatal natural gas pipeline rupture in California, residents in and around California state’s capital are stirring up eleventh-hour doubts about a proposed underground gas storage facility south of their city. Some Sacramento residents will not accept a final environmental report listing as remote the chance of a leak or accident at the proposed facility.

While events in energy markets in 2009 did not resemble the roller-coaster ride of 2008, technological innovations that opened the floodgates for gas production out of shale plays changed the paradigm for the gas market, according to a state of the markets report issued Thursday by FERC’s Division of Energy Market Oversight.

While events in energy markets in 2009 did not resemble the roller-coaster ride of 2008, technological innovations that opened the floodgates for gas production out of shale plays changed the paradigm for the gas market, according to a state of the markets report issued Thursday by FERC’s Division of Energy Market Oversight.

While events in energy markets in 2009 did not resemble the roller-coaster ride of 2008, technological innovations that opened the floodgates for gas production out of shale plays changed the paradigm for the gas market, according to a state of the markets report issued Thursday by FERC’s Division of Energy Market Oversight.

Reacting to today’s events won’t get ExxonMobil Corp. where it wants to go in the next 10-15 years, CEO Rex Tillerson said Thursday. Instead, spending for the long haul on major projects will keep the major ahead of its peers, he told investment analysts at the company’s annual presentation at the New York Stock Exchange.

Reacting to today’s events won’t get ExxonMobil Corp. where it wants to go in the next 10-15 years, CEO Rex Tillerson said Thursday. Instead, spending for the long haul on major projects will keep the major ahead of its peers, he told investment analysts at the company’s annual presentation at the New York Stock Exchange.