Nancy

The American Petroleum Institute (API) has disputed House Speaker Nancy Pelosi’s (D-CA) charge that producers are “not paying royalties to the taxpayer” for oil and natural gas production on federal lands and the federal Outer Continental Shelf. Pelosi made the accusation Sunday on NBC’s “Meet the Press.”

House Speaker Nancy Pelosi (D-CA) said Saturday the Democratic leadership plans to offer a broad energy bill in September that would open some closed portions of the federal Outer Continental Shelf (OCS) to oil and natural gas drilling. Instead of welcoming her remarks, however, House Republicans continued to be wary.

House Speaker Nancy Pelosi asked President Bush Wednesday to “immediately direct” the Commodity Futures Trading Commission (CFTC) to use its existing emergency authority under the Commodity Exchange Act to restore order to the crude oil and gasoline markets in the United States (see Daily GPI, June 25).

House Speaker Nancy Pelosi (D-CA), a major opponent of oil and natural gas production in the United States and advocate of green fuels, has called on Vice President Dick Cheney to use his “considerable influence” to get OPEC nations to increase their oil production during his trip to the Middle East.

House Speaker Nancy Pelosi (D-CA), a major opponent of oil and natural gas production in the United States and advocate of green fuels, has called on Vice President Dick Cheney to use his “considerable influence” to get OPEC nations to increase their oil production during his trip to the Middle East.

The White House sent a letter to House Speaker Nancy Pelosi (D-CA) Monday that outlines a “basic framework” for an energy bill that would not trigger a presidential veto.

The head of the Texas Alliance of Energy Producers has accused House Speaker Nancy Pelosi (D-CA) of trying to do an end-run around the conference committee process in order to pass energy legislation that doesn’t have the necessary support.

U.S. District Judge Nancy Atlas postponed the trial date of Michelle Valencia, a former Dynegy Inc. energy trader, to Sept. 29 until prosecutors decide whether to appeal the judge’s decision to dismiss three charges related to making false reports to an industry publication. Valencia’s wire fraud charges related to the bogus reporting were not dismissed. Atlas earlier this month postponed the trial date of Todd Geiger, an ex-El Paso Corp. trader, to Sept. 29 also. He too is accused of wire fraud in making false reports to an industry publication (see Daily GPI, Sept. 4). Atlas in August dismissed the false reporting charges against Valencia and Geiger, ruling they were too broad and unconstitutional. Atlas said the Commodities Exchange Act, upon which prosecutors made the charges, lacked a requirement that the person charged have shown intent, and not just made false statements, which are protected as free speech. Prosecutors have until the end of September to decide whether to appeal the rulings. Valencia and Geiger, who have pleaded not guilty, remain free on bond.

U.S. District Judge Nancy Atlas set Sept. 29 as the new hearing date for former El Paso Corp. executive Todd Geiger, and said she hopes to set a new trial date for the ex-energy trader at that time. Prosecutors said they plan to use the intervening time to weigh whether to appeal two of the Houston judge’s recent rulings, in which she dismissed a false reporting charge against the ex-energy trader as well as three charges against a former Dynegy Inc. trader (see NGI, Sept. 2).