Scheme

FERC Staff Alleges Total Subsidiary Committed NatGas Market Manipulation

A Houston-based subsidiary of France’s Total SA and two of the company’s West Desk traders and supervisors allegedly developed a scheme to manipulate the price of natural gas in the southwest United States between June 2009 and June 2012, according to staff in FERC’s Office of Enforcement.

September 22, 2015

New York Times Admonished — Again — for Anti-Shale Gas Slant

The New York Times (NYT), chastised last year for, among other things, describing the shale gas industry as a “Ponzi” scheme whose future would match that of Enron Corp., continues to focus exclusively on the negative risks of gas drilling and has hyped the research of questionable sources, according to a Forbes magazine contributor.

October 8, 2012

Anti-Shale Bias Said to Be Still Dogging New York Times

The New York Times (NYT), admonished last year for, among other things, describing the shale gas industry as a “Ponzi” scheme whose future would match that of Enron Corp., continues to focus exclusively on the negative risks of gas drilling and its “institutionalized bias concerns appear to be spreading,” according to a Forbes magazine contributor.

October 8, 2012

New York Times Admonished — Again — for Anti-Shale Gas Bias

The New York Times (NYT), chastised last year for, among other things, describing the shale gas industry as a “Ponzi” scheme whose future would match that of Enron Corp., continues to focus exclusively on the negative risks of gas drilling and has hyped the research of questionable sources, according to a Forbes magazine contributor.

October 8, 2012

Senators: EPA Overreaching in Fracking Diesel Fuel Guidance

A bipartisan coalition of senators has expressed concerns that the U.S. Environmental Protection Agency (EPA) is attempting to expand its definition of diesel fuels in the draft permitting guidance to gain more federal control over hydraulic fracturing (fracking).

October 4, 2012

Gas Glut Taking Time to Adapt, Says Bentek Exec

Whether the natural gas market is “proactive or reactive” today doesn’t matter much in the grand scheme of things, according to Bentek Energy’s Jack Weixel. Like the chicken or the egg metaphor, asking which came first, gross gas production or dry gas production is irrelevant when considering that today output is 20 Bcf/d higher than in 2006.

May 21, 2012

Gas Glut Didn’t Appear Overnight, Won’t Disappear Tomorrow, Says Bentek Exec

Whether the natural gas market is “proactive or reactive” today doesn’t matter much in the grand scheme of things, according to Bentek Energy’s Jack Weixel. Like the chicken or the egg metaphor, asking which came first, gross gas production or dry gas production is irrelevant when considering that today output is 20 Bcf/d higher than in 2006. The real question is how will the market adapt, or rather, what’s the market going to do with all the production?

May 17, 2012

Governor’s Bill Would Cut Alaska Oil, Gas Taxes

Alaska Gov. Sean Parnell is calling for new tax incentives and credits for oil and gas exploration and development in a bill that would amend the state’s oil and gas production tax scheme.

January 24, 2011

Governor’s Bill Would Cut Alaska Oil, Gas Taxes

Alaska Gov. Sean Parnell is calling for new tax incentives and credits for oil and gas exploration and development in a bill that would amend the state’s oil and gas production tax scheme.

January 19, 2011

People

An upstate New York man accused of bilking investors out of $35 million in a Ponzi scheme involving oil and gas exploration in Kentucky and Tennessee is dead from an apparent suicide. Ashvin Zaveri, 71, late last year was charged with 16 counts of money laundering and mail and wire fraud dating back to 2003 (see NGI, Dec. 21, 2009). Zaveri shot himself on a park bench in the Rochester, NY, suburb of Mendon, the Associated Press reported. Zaveri had been expected to plead guilty to tax and fraud charges in September. He faced six to eight years in prison.

September 6, 2010
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