Gas supplies probably will remain tight, NGSA President SkipHorvath told the Consumer Federation of America’s Consumer Assembly2001 in Washington, D.C. yesterday. “Although producers aredrilling all out and production numbers are beginning to reflectour work, forecasters are predicting continued higher prices.”Horvath spoke on a panel titled “Rising Energy Prices Clobber thePoor: What Should be Done?”
President
Articles from President
Mexico’s Fox Urges Energy Reforms
Mexican President Vicente Fox said last weekend that he willpush strongly to allow private investment in the country’sstate-run electricity commission because without it, the countrywill have to practically beg for help from the United States tomeet its energy needs. He insisted, however, that there are noplans to privatize the country’s state-run electricity commissionor its state-run oil company.
People
Paul D. Jacob is taking over as president of Edison MissionMarketing & Trading (EMMT), a subsidiary of Edison MissionEnergy and Edison International. He succeeds Mark Maisto, whoresigned. Maisto presided over the transition following EdisonMission Energy’s acquisition of Boston-based Citizens Power lastyear. Maisto will join RockPort Partners, a Boston investment bankwhich focuses on energy and environmental technology.
Most Points End the Week with Double Digit Increases
Following closely on Thursday’s minor futures uptick, most cashpoints on Friday barely managed double digit gains in a relativelyquiet day of trading. The Northeast and Midwest took the lead onthe plus side, but the West once again stole the show with declinesof more than $8 at the SoCal Border and more than $2 at PG&ECitygate as power demand declined for the holiday weekend.
Cheney Talks Energy on Capitol Hill
Sen. Frank Murkowski (R-AK) emerged from a 45-minute meetingwith Vice President Richard Cheney yesterday to announce that theRepublican leaders in the Senate will introduce their wide-rangingenergy bill “early next week.”
Bush Gets Lots of Energy Advice
Just what can the energy industry expect to encounter underincoming President-elect George W. Bush’s administration? It’s asafe bet the former Midland, TX, oilman, paired with formerHalliburton CEO Dick Cheney, will be more open to expanding oil& gas exploration and production. Beyond that, anyone with aninterest in making friends and influencing people in the new Bushadministration, might make use of the following list of Dubya’sEnergy Transition Advisory Team:
Clinton Releases More LIHEAP Funds to States
President Clinton has ordered the release of an additional $300million in funds to help low-income households cope with risingheating bills this winter, and announced four steps to tackle theenergy shortages and high prices in California, Washington andOregon.
Clinton Sends States More LIHEAP Funds
President Clinton over the weekend ordered the release of anadditional $300 million in funds to help low-income households tocope with rising heating bills this winter, and announced foursteps to tackle the energy shortages and high prices in California,Washington and Oregon.
Bush Taps Former Colorado AG to Head Interior Dept.
President-elect George W. Bush named Gale Norton, a formerColorado attorney general to head the Interior Department onFriday.
CRE’s New Chairman Takes Office
Mexico’s Comision Reguladora de Energia has a new chairman, after President Vicente Fox appointed Dionisio Perez-Jacome Friscione to a five-year term. Perez-Jacome had headed the Energy Ministry’s Investment Promotion Unit and had also served in the ministry as executive director for Public Non-basic Petrochemical Companies.