Capitol Hill lawmakers are calling on the Commodity Futures Trading Commission (CFTC) to “immediately enact strong position limits” to curb excessive speculation in oil markets.
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Articles from Hill
Oil In the Ascent at Carrizo Oil & Gas
Last year saw a transformation at Houston-based Carrizo Oil & Gas Inc. as the company shifted from deriving its revenue mostly from natural gas to an equal reliance upon revenue from oil production, CEO Chip Johnson told financial analysts Tuesday. “We expect this trend to continue for the entire year of 2012 as we become increasingly weighted toward oil production,” he said.
Chevron CEO: U.S. Energy Policy ‘Rife with Contradictions’
An “energy policy with affordability at its core” which recognizes the value of domestic fossil fuels, has the potential to deliver long-term economic growth, Chevron Corp. CEO John Watson said last week at the Peterson Institute for International Economics in Washington, DC.
U.S. Energy Policy ‘Rife with Contradictions,’ Says Chevron CEO
An “energy policy with affordability at its core” which recognizes the value of domestic fossil fuels, has the potential to deliver long-term economic growth, Chevron Corp. CEO John Watson said Wednesday at the Peterson Institute for International Economics in Washington, DC.
Capitol Hill Views Obama Energy Plan with Skeptical Eye
Capitol Hill reaction to President Obama’s blueprint for securing the nation’s future energy supplies has run the gamut from supportive to skeptical about whether his targeted goal to reduce foreign imports can be met. Republicans said there is a wide disconnect between what Obama said Wednesday and his anti-drilling policies.
Obama Sees Huge Potential of NatGas; Calls It ‘New Source of Energy’
President Obama Wednesday defended his energy policy from the ongoing attacks of industry and Republicans on Capitol Hill, and championed natural gas as a new source of energy. The threat of a cut in oil imports due to the political implosions of a number of Middle Eastern countries has added fuel to the verbal battle between the administration and the oil and gas industry over the de facto moratorium on Gulf of Mexico (GOM) drilling.
Federal Regulators Draw Flak on Cost-Benefit Issue
Federal regulators came under attack on Capitol Hill last Thursday for allegedly not carrying out extensive cost-benefit analyses of the rules that they are proposing to implement under the Dodd-Frank Wall Street Reform Act.
Federal Regulators Draw Flak on Cost-Benefit Issue
Federal regulators came under attack on Capitol Hill Thursday for allegedly not carrying out comprehensive cost-benefit analyses of the financial regulatory reforms that they are proposing to implement under the Dodd-Frank Wall Street Reform Act.
Industry Briefs
NorTex Gas Storage Co. LLC is holding an open season through Thursday (Feb. 17) for capacity at its Hill-Lake and Worsham-Steed gas storage facilities in North Texas. Up to 6 Bcf of high-deliverability, multi-cycle (HDMC) firm capacity will be available starting April 1. Service levels range from single-cycle to four-cycle, including hourly profiling customized for power generators, which are significant gas consumers in the Dallas/Ft. Worth market during the summer. For bidding instructions, contact John Holcomb at jholcomb@nortexgasstorage.com, or Johnny Ulrich at julrich@nortexgasstorage.com.
House, Senate ‘Draft’ Seeks to Repeal EPA Endangerment Finding
For the second time this week, legislative language has been offered on Capitol Hill to strip the Environmental Protection Agency (EPA) of authority to regulate greenhouse gas (GHG) emissions under the Clean Air Act (CAA).