The administration of Ohio Gov. John Kasich is proposing to “modernize” taxes and regulations on the oil and gas industry, aiming to cut income taxes by capturing revenue from the prospective Utica Shale boom.
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EPA Defends Plans For National Wastewater Standard
The U.S. Environmental Protection Agency (EPA) tried to clarify its plan to develop national pretreatment standards for wastewater before the House Subcommittee on Water Resources and Environment on Wednesday.
Producers Urge Congress to Retain Oil, Gas Tax Breaks
Major producers last Thursday tried to ward off a Senate Democratic assault on the billions of dollars of federal oil and gas tax breaks that they currently receive (see NGI, May 9).
Court Says FERC ‘Satisfactorily’ Handled WGL, Dominion Dispute
A federal appeals court in Washington, DC, Tuesday rejected Washington Gas Light Co.’s (WGL) petition to review a 2008 order in which FERC tried to settle a dispute between the utility and Dominion Cove Point over the impact of liquefied natural gas (LNG) on the distributor’s system.
Court Says FERC ‘Satisfactorily’ Handled WGL, Dominion Dispute
A federal appeals court in Washington, DC, Tuesday rejected Washington Gas Light Co.’s (WGL) petition to review a 2008 order in which FERC tried to settle a dispute between the utility and Dominion Cove Point over the impact of liquefied natural gas (LNG) on the distributor’s system.
Congress Heads for Showdown over Financial Reform Bill
While Democrats and Republicans tried to smooth out their differences in the comprehensive financial regulatory reform bill, Senate Majority leader Harry Reid (D-NV) grew impatient and scheduled the first test vote on the bill for Monday (April 26).
California Governor Takes Heat for Offshore Drilling Proposal
California Gov. Arnold Schwarzenegger tried to beat back criticism early in June surrounding his proposal in last month’s fiscal revisions aimed at reversing the state’s worsening budget crisis by securing an additional $100 million of annual revenues for the state from the limited opening of drilling offshore Santa Barbara. Schwarzenegger’s proposal was tied to the dismantling of four existing offshore platforms in the area.
California Governor Takes Heat for Offshore Drilling Proposal
California Gov. Arnold Schwarzenegger tried to beat back criticism Monday of a proposal he made in last month’s fiscal revisions aimed at reversing the state’s worsening budget crisis by securing an additional $100 million of annual revenues from the limited opening of drilling offshore Santa Barbara. Schwarzenegger’s proposal was tied to the dismantling of four existing offshore platforms in the area.
Weak Fundamentals Stunt Futures Rally Once Again
Natural gas futures bulls tried to capitalize on Thursday’s momentum in early Friday trade by pushing the July contract north of $4.100, but profit-takers had other ideas as the prompt-month contract reversed course in a hurry to close the day’s regular session at $3.835, down 12.2 cents from Thursday’s finish.
Bombings Don’t Deter British Columbia Sour Gas Pipeline
Protesters who tried to halt sour-gas production in northern British Columbia (BC) by planting bombs at four industry sites have lost their war. Development of the hazardous natural gas reserves, laced with lethal hydrogen-sulphide, will continue and possibly expand under a ruling handed down March 26 by Canada’s National Energy Board (NEB).