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In signing the 1,724-page 2005 Energy Policy Act into law on Monday as oil futures prices were hitting a new all-time high, President Bush conceded it would do little in the short term to bring down energy prices. However, the oil, gas and power industries will see immediate changes in regulation and in incentives to boost supply and reduce demand, which should in the long term lead to lower prices.

While there had been a few exceptions to overall price movement up or down on each day earlier in the week, all points were on the same page Friday in recording losses ranging from a little less than 20 cents to half a dollar.

“Broad upward price pressure” and changing market dynamics were among the leading highlights of a 255-page 2004 State of the Markets Report released last week by FERC’s Office of Market Oversight and Investigations (OMOI).

“Broad upward price pressure” across the energy market was a leading highlight of a 255-page 2004 State of the Markets Report by FERC’s Office of Market Oversight and Investigations (OMOI). The report, which was released at the Commission’s regular meeting on Wednesday, focused on a large number of important issues and trends in the energy market last year, among them being the 7% increase in natural gas prices, the 69% increase in coal prices and the 153% increase in emissions allowance prices.

Former White House antiterrorism adviser Richard Clarke issued a 159-page report last week that finds that not only are liquefied natural gas (LNG) tankers and urban import terminals vulnerable to “catastrophic” terrorist attacks, they also are “extremely attractive” terrorist targets and there is little that can be done to protect against such attacks.

Former White House antiterrorism adviser Richard Clarke issued a 159-page report this week that finds that not only are liquefied natural gas (LNG) tankers and urban import terminals vulnerable to “catastrophic” terrorist attacks, they also are “extremely attractive” terrorist targets and there is little that can be done to protect against such attacks.

FERC has released a 10-page guide that responds to and seeks to allay the public’s concerns about the safety of liquefied natural gas (LNG), as well as educate the public about how to get involved at the agency to either support or block LNG projects.

FERC last week released a 10-page guide that responds to and seeks to allay the public’s concerns about the safety of liquefied natural gas (LNG), as well as educate the public about how to get involved at the agency to either support or block LNG projects.

The 87-page National Petroleum Council (NPC) report on natural gas last fall has become the bible of gas policy recommendations for many industry experts, government officials and legislators, but the modeling behind the report appears to be significantly flawed, according to a critique by several prominent economists.