Funds

The Fort Worth, TX, city council is considering whether to use city funds to retest ambient air quality around the city’s natural gas drilling sites to determine whether drilling and production are contributing to the city’s air pollution.

The U.S. government last Tuesday agreed to pay $3.4 billion to settle long-standing claims that it mismanaged revenue in American Indian trust funds, including revenue raised through natural gas and oil drilling.

The U.S. government Tuesday agreed to pay $3.4 billion to settle long-standing claims that it mismanaged revenue in American Indian trust funds, including revenue raised through natural gas and oil drilling.

With natural gas demand and prices falling and U.S. inventories at their second-highest levels ever, gas exchange traded funds (ETF) are still looking bullish, according to Tom Lydon, a Newport Beach, CA-based investment consultant with Global Trends Investments.

With natural gas demand and prices falling and U.S. inventories at their second-highest levels ever, gas exchange traded funds (ETF) are still looking bullish, according to Tom Lydon, a Newport Beach, CA-based investment consultant with Global Trends Investments.

The PJM Interconnection has filed a complaint with FERC accusing seven private investment funds and New York-based Tower Research Capital LLC (TRC) and affiliate Tower Research Capital Investments LLC (TRCI) of manipulating the financial transmission rights (FTR) market and day-ahead energy market of the regional transmission system, thus distorting energy prices and payments to FTR holders.

Range Resources is bumping up its capital spending by 18% from 2007 to $1.065 billion, and it plans to use most of the funds to develop its Texas, Midcontinent and Appalachian properties.

Sen. Hillary Rodham Clinton (D-NY) said she will reintroduce legislation for a $50 billion “Strategic Energy Fund” that would use funds from a new temporary tax on oil and gas companies to invest in research and development (R&D) of clean energy technologies. The announcement came after a tour through multiple facilities in New York that highlighted innovative energy initiatives under way in the state.

Sen. Hillary Rodham Clinton (D-NY) said she will reintroduce legislation for a $50 billion “Strategic Energy Fund” that would use funds from a new temporary tax on oil and gas companies to invest in research and development (R&D) of clean energy technologies. The announcement came after a tour through multiple facilities in New York that highlighted innovative energy initiatives under way in the state.