Texas legislation that would require disclosure of the contents of hydraulic fracturing (fracking) fluid, which was passed recently by the House, might stall in the Senate as the chair of that body’s Natural Resources Committee said he was unaware of the bill until recently and is concerned about “unintended consequences.”
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GOP Takes First Step Toward Delay of Dodd-Frank
The head of the Commodity Futures Trading Commission (CFTC ) last Wednesday defended the agency against Republican claims that it has moved too quickly to implement regulatory reforms under the Dodd-Frank Wall Street Reform Act and hasn’t accurately estimated the costs of the proposed rules, as well as deflected GOP questions about its hiring and technology decisions. At the same time a House committee passed a bill to delay implementation of Dodd-Frank for 18 months.
CFTC Will Be Armed With ‘Pea Shooter’ Compared to Wall Street
The head of the Commodity Futures Trading Commission (CFTC ) Wednesday defended the agency against Republican claims that it has moved too quickly to implement regulatory reforms under the Dodd-Frank Wall Street Reform Act and hasn’t accurately figured out the costs of the proposed rules, as well as deflected GOP questions about its hiring and technology decisions.
Support for Natural Gas Vehicles Gaining Momentum
In a week’s time the bullishness for natural gas as a transportation fuel moved up considerably, with the Obama administration and industry promoting the increased use of natural gas-fueled vehicles.
Enterprise Bullish on Liquids, Predicts Wider Texas Basis
Record demand for natural gas liquids (NGL) capability in the Gulf Coast region has moved Enterprise Products Partners LP to expand its NGL import/export terminal on the Houston Ship Channel (HSC). It was one of a handful of deals/projects Enterprise announced last week as a strong outlook for NGLs helped to move one analyst following the partnership to reinforce his “positive view.”
MidAmerican Energy Faces Change at Top Following ‘Surprise’ Resignation
With Berkshire Hathaway billionaire Warren Buffett’s chief lieutenant resigning last Monday, the leadership at MidAmerican Energy Holdings Co. has moved up CEO Greg Abel to chairman to fill the place of David Sokol, 54, Buffett’s long-time go-to executive and potential successor to the Berkshire throne.
Expansion Targets NGL Export Demand
Record demand for natural gas liquids (NGL) capability in the Gulf Coast region has moved Enterprise Products Partners LP to expand its NGL import/export terminal on the Houston Ship Channel.
Cash, Futures Surprised by Bullish 56 Bcf Storage Draw
Departing from the previous three days of trading this week when the cash market moved in lockstep — higher on Monday and Wednesday and lower on Tuesday — the nation’s average’s on Thursday produced a mixed bag, which was impacted a bit by the morning’s “bullish” natural gas storage report from the Energy Information Administration for the week ending March 11.
TVA, Washington State Plan to Curb Reliance on Coal
In separate announcements from opposite ends of the country, the state of Washington and the Tennessee Valley Authority (TVA) moved forward with plans to reduce, or eliminate altogether, their reliance on coal to produce energy.
House Committee Approves West Virginia Marcellus Bill
A bill that would increase horizontal drilling permit fees in West Virginia to $5,000 from the current $650 that all drillers pay was passed out of committee and sent to the full House Thursday afternoon.