Both the House and Senate Tuesday rolled out legislation aimed at increasing federal regulation and inspection of oil and natural gas operations in the Outer Continental Shelf (OCS).
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Governor Rolls Out Utah Energy Initiative
In a coal-dependent state whose economy depends on energy exports, Utah Gov. Gary Herbert last Tuesday rolled out a framework for a statewide energy initiative that he hopes will include coal, renewables and various alternatives.
Utah Governor Sets Coal, Alternative Energy Initiative
In a coal-dependent state whose economy depends on energy exports, Utah Gov. Gary Herbert on Tuesday rolled out a framework for a statewide energy initiative that he hopes will include coal, renewables and various alternatives.
Industry Brief
Heavy truck manufacturer Peterbilt Motors Co. has rolled out three natural gas-fueled models equipped with the Cummins Westport ISL-G engine, which offers a 320 hp rating and 1,000 ft-lbs. of torque. The vehicles run on either compressed or liquefied natural gas. “Our natural gas Models 384, 365 and 320 demonstrate our industry leadership in developing products that will reduce harmful emissions and provide exceptional fuel efficiency,” said Bill Jackson, Peterbilt general manager.
Industry Brief
Heavy truck manufacturer Peterbilt Motors Co. has rolled out three natural gas-fueled models equipped with the Cummins Westport ISL-G engine, which offers a 320 hp rating and 1,000 ft-lbs. of torque. The vehicles run on either compressed or liquefied natural gas. “Our natural gas Models 384, 365 and 320 demonstrate our industry leadership in developing products that will reduce harmful emissions and provide exceptional fuel efficiency,” said Bill Jackson, Peterbilt general manager.
UNG’s Market Impact Still Generates More Questions Than Answers
Traders are still discussing the potential impacts of the large position held by the United States Natural Gas Fund (UNG), especially as the exchange-traded fund (ETF) rolled its front-month positions on the New York Mercantile Exchange (Nymex) and the IntercontinentalExchange (ICE).
Senate Dems Want Windfall Profits Tax, End to $17M in Tax Breaks
Holding to their word to rebuff an energy package offered up by Senate Republicans earlier this month, Senate Democrats last week rolled out energy legislation that would revoke $17 million in tax breaks for energy companies, impose a windfall profits tax on energy companies that don’t invest in renewable energy sources and impose federal penalties for energy price gouging. The legislation proposal drew immediate criticism from industry-related business groups, including IntercontinentalExchange (ICE), the New York Mercantile Exchange (Nymex) and the National Association of Manufacturers (NAM).
Senate Dems Want Windfall Profits Tax, Ending $17M in Tax Breaks
Holding to their word to rebuff an energy package offered up by Senate Republicans last week, Senate Democrats Wednesday rolled out energy legislation that would revoke $17 million in tax breaks for energy companies, impose a windfall profits tax on energy companies that don’t invest in renewable energy sources and impose federal penalties for energy price gouging. The legislation proposal drew immediate criticism from the New York Mercantile Exchange (Nymex) and the National Association of Manufacturers (NAM).
House Republicans Offer Package of Energy Bills
Key House Republicans, led by House Energy and Commerce Ranking Member Joe Barton of Texas, Thursday rolled out a package of 13 energy bills that are intended to boost the supply of domestic energy.
Futures Draw to a Mixed Close; September Down Less Than a Cent
Natural gas futures closed to a mixed finish Tuesday, and much of the trading was bookkeeping as index funds rolled long positions from September to more distant months. The September contract eased less than a penny to $6.201, and the October contract gained 1.7 cents to $6.395.