In an indication of the current lovefest between California’s Democratic-controlled state legislature and its Republican governor, free-market advocate Rachelle Chong’s confirmation to the California Public Utilities Commission (CPUC) was unanimously approved by the state Senate Thursday, less than 24 hours after the Rules Committee put aside reservations and sent the issue to the full Senate. Without the move, Chong would have been forced to step down from the powerful agency.
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Bush Urges GOP Lawmakers to Resolve Differences on OCS Bill
President Bush last Thursday called on Senate and House Republican leaders to resolve their differences and get a bill to him that would open more of the federal offshore to oil and natural gas drilling.
Bush Urges GOP Lawmakers to Resolve Differences on OCS Bill
President Bush on Thursday called on Senate and House Republican leaders to resolve their differences and get a bill to him that would open more of the federal offshore to oil and natural gas drilling.
Chemical Producers Rap House GOP for Excluding Gas from Energy Bill
Energy legislation proposed by the House Republican leadership Wednesday has come under attack by chemical producers for its failure to include anything that would increase natural gas supply and moderate prices.
NGI The Weekly Gas Market Report
Senate Rejects Windfall Profits Tax, But Adds $5B to Energy Companies’ Tax Burden
The Republican-led Senate rejected Democratic efforts to levy a controversial windfall profits tax on the earnings of major energy companies as part of the $60 billion tax reconciliation bill that was passed Friday, but it added nearly $5 billion to the tax burden of oil companies and repealed tax benefits that were approved in the energy bill in August.
Senate Rejects Democratic Bid to Levy a Windfall Profits Tax
The Republican-led Senate fended off a Democratic drive Thursday to levy a controversial windfall profits tax on the earnings of major energy companies as part of a $60 billion tax reconciliation package.
Refinery Bill Passes, Gives FERC Authority Over Offshore Gatherers
The Republican-led House approved by a two-vote margin Friday a bill that, among other things, would give FERC the authority to monitor non-jurisdictional natural gas gathering in federal waters and would spur the construction of a long-line transportation system from Alaska to the Lower 48 states.
Coastal Senators Seek Review of Projected Cost for OCS Oil, Gas Inventory
Republican Sens. Mel Martinez of Florida and Elizabeth Dole of North Carolina have called on the Congressional Budget Office (CBO) to review the projected cost of carrying out an inventory of oil and natural gas resources in the federal Outer Continental Shelf (OCS).
House Lawmakers Seek Permanent Ban on Florida Coastal Drilling
A Florida Republican in the House was joined by 18 other lawmakers from the state’s congressional delegation this week in introducing legislation to permanently ban oil and natural gas off the Florida coastline.
CA Congressmen Urge Review if CNOOC Counterbids Chevron for Unocal
Although no public announcement has ever been issued by China National Offshore Oil Corp. (CNOOC), two Republican congressmen from California are calling on the Bush administration to review a possible counterbid if the Chinese major attempts to acquire Unocal Corp.