Speech

Ohio Gov. John Kasich is reportedly considering raising severance taxes on oil and natural gas, new taxes for the extraction of natural gas liquids (NGL) and a new impact fee on oil and gas operations.

Energy imports into the United States and Canada will be “down to almost zero” by 2040, an ExxonMobil Corp. executive said Thursday.

It wouldn’t be a proper T. Boone Pickens speech without a wild predication or two, and the legendary oilman made a handful at Hart Energy’s 2011 DUG (Developing Unconventional Gas) East conference in Pittsburgh on Wednesday.

As President Obama was preparing to deliver a major jobs speech to the nation Thursday night, the energy industry weighed in with a study showing more than 1.4 million new jobs, $800 billion in additional Treasury revenue, and 10 million bbls of additional daily oil and natural gas production by 2030 could be added with more flexible federal rules.

In a major speech on national energy security Wednesday, President Obama promoted natural gas as a way forward for the United States and said he has directed Energy Secretary Steven Chu to work with other agencies, the natural gas industry, states and environmental experts to improve the safety of hydraulic fracturing (fracking).

Technology will be a “critical enabler” in meeting the world’s growing energy needs, ExxonMobil Corp. CEO Rex Tillerson said Thursday.

Technology will be a “critical enabler” in meeting the world’s growing energy needs, ExxonMobil Corp. CEO Rex Tillerson said Thursday.

In a major speech Thursday directed at Wall Street, President Obama called on the titans of industry to “join us” in supporting sweeping reform of the financial regulatory system, and he urged industry lobbyists to put a stop to their “furious” attempts to shape the legislation to their special interests.

In a major speech Thursday directed at Wall Street, President Obama called on the titans of industry to “join us” in supporting sweeping reform of the financial regulatory system, and he urged industry lobbyists to put a stop to their “furious” attempts to shape the legislation to their special interests.