Fiscal

While both President Obama and Congress have proposed a boost in funding for the Commodity Futures Trading Commission (CFTC) in fiscal year (FY) 2011, CFTC Chairman Gary Gensler said more funds would be needed for his agency to implement sweeping Wall Street reforms, which exponentially increase the number of exchanges and clearinghouses that the CFTC will have to regulate.

Canada’s Arctic pipeline project is braced for natural gas prices to stagnate in a tepid trading range of US$4.85-6.25/MMBtu for the next 20 years, according to new evidence before the National Energy Board (NEB).

Canada’s Arctic pipeline project is braced for natural gas prices to stagnate in a tepid trading range of US$4.85-6.25/MMBtu for the next 20 years, according to new evidence before the National Energy Board (NEB).

Canada’s Arctic pipeline project is braced for natural gas prices to stagnate in a tepid trading range of US$4.85-6.25/MMBtu for the next 20 years, according to new evidence before the National Energy Board (NEB).

The Obama administration’s proposed fee hikes and new fees for onshore and offshore production on federal lands in the fiscal year (FY) 2011 budget will add to the jobless rate and drain revenues from the federal coffers, both of which would further aggravate the economic climate, said Sen. Robert Bennett (R-UT) last Tuesday.

The Obama administration’s proposed fee hikes and new fees for onshore and offshore production on federal lands in the fiscal year (FY) 2011 budget would add to the jobless rate and drain revenues from the federal coffers, both of which would aggravate the economic climate, said Sen. Robert Bennett (R-UT) Tuesday.

The Obama administration’s proposed fee hikes and new fees for onshore and offshore production on federal lands in the fiscal year (FY) 2011 budget would add to the jobless rate and drain revenues from the federal coffers, both of which would aggravate the economic climate, said Sen. Robert Bennett (R-UT) Tuesday.

In rolling out the Interior Department’s budget request of $12.2 billion for fiscal year (FY) 2011, Secretary Ken Salazar last Monday said the department would initiate a rulemaking next year to raise onshore royalty rates for oil and natural gas production on federal land.

President Obama’s budget proposal to wipe out $36.5 billion in tax breaks for the oil and natural gas industry in fiscal year (FY) 2011 — notably the popular expensing of intangible drilling costs (IDC), which independent producers contend is critical to their business — will meet with resistance in Congress, say energy analysts with FBR Capital Markets.