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Apache Corp. intends to spend its free cash flow on exploration rather than what’s now used by many of its peers: share buybacks.

Funding for gas industry research and development (R&D) is roughly half of what it was in 2003 and is focused on “near-term developments” rather than “longer-term industry goals,” such as those pursued by the electric power and water industries, according to a study released by the American Gas Foundation (AGF).

Funding for gas industry research and development (R&D) is roughly half of what it was in 2003 and is focused on “near-term developments” rather than “longer-term industry goals,” such as those pursued by the electric power and water industries, according to a study released by the American Gas Foundation (AGF).

Energy efficiency is no longer the “polite” thing to do but rather is “starting to become a cultural imperative” the COO of Pace Global Energy Services said last week.

Energy efficiency is no longer the “polite” thing to do but rather is “starting to become a cultural imperative,” the COO of Pace Global Energy Services said Tuesday.

Even though the market was forced to digest a rather bullish 2007 Atlantic hurricane forecast on Tuesday, May natural gas traded to a low of $7.390 on the day before finishing up the regular session at $7.426, down 24.5 cents from Monday’s close.

Former Vice President Al Gore last week was back on Capitol Hill, not to announce any future election plans, but rather to appear before his former colleagues and testify about an issue he first held hearings on as a congressman from Tennessee 20 years ago: global warming.

Former Vice President Al Gore came back to Washington, DC, on Wednesday, not to announce any future election plans, but rather to appear before his former colleagues and testify about an issue he first held hearings on as a congressman from Tennessee 20 years ago: global warming.

The Bush administration, in order to avoid widespread litigation, needs to use “sugar” rather than a “hammer” to get producers to renegotiate their faulty 1998-1999 leases that are costing the federal government billions in lost royalties, the head of the Interior Department’s Minerals Management Service (MMS) told a House Natural Resources’ subcommittee Tuesday.