Sweeping

The Colorado Oil and Gas Conservation Commission (COGCC) Tuesday resumed deliberations on a sweeping set of changes to the state’s natural gas drilling rules after staff proposed a concession to the energy industry.

Since T. Boone Pickens unveiled his sweeping plan Tuesday designed to reduce U.S. dependence on foreign oil, more than 170,000 people have visited his website to learn more about the proposal and some are encouraging him to enter politics and become the nation’s energy czar, he said Thursday.

Since T. Boone Pickens unveiled his sweeping plan Tuesday designed to reduce U.S. dependence on foreign oil, more than 170,000 people have visited his website to learn more about the proposal and some are encouraging him to enter politics and become the nation’s energy czar, he said Thursday.

As part of a plan to implement sweeping financial regulatory changes, Treasury Secretary Henry Paulson Monday proposed merging the Commodity Futures Trading Commission (CFTC) and the Securities Exchange Commission (SEC).

The sweeping energy legislation that the House is expected to take up Wednesday will not fare well with the oil and natural gas industry. Democrats have incorporated a proposal to strip producers of billions of dollars in tax benefits.

The latest Energy Information Administration (EIA) analysis is proof that last year’s passage of the sweeping Energy Policy Act of 2005 (EPAct 2005) is already impacting U.S. energy supply, which, among other things, has provided incentives to discourage over-reliance on natural gas for power generation, the Senate Committee on Energy & Natural Resources said Wednesday.

A winter storm sweeping its way eastward into the central U.S. and Canada, along with prior-day support from the December futures contract’s advance of 28 cents on Monday, were responsible for rising prices Tuesday at most points. Several instances of flat to a little more than a nickel lower, mostly in the Gulf Coast and Northeast, averted a clean sweep of gains.

California regulators Thursday approved a sweeping set of rules for natural gas transmission and storage operations throughout the state, along with establishing a process for resolving the emerging issue of regulating gas quality and heating value from the expected influx of liquefied natural gas (LNG) imports into the state. The 5-0 action by the California Public Utilities Commission (CPUC) rejected recommendations for delay by an administrative law judge (ALJ).

In a sweeping decision Wednesday, a federal judge in San Francisco reinstated Clinton-era protections for nearly 60 million acres of national forest lands. The ruling voided the Bush administration’s petition process for potentially opening vast areas of remote national forest lands to road building, a necessary prerequisite for energy development and other commercial activities.