FERC lacks power on futures contracts, court rules
Congress intended to centralize oversight of futures contracts in the CFTC, the court said. More »
Higher natural gas prices boost oil field services demand
Onshore oil field service activity is picking up again after a difficult 2012, when exceptionally low natural gas prices and a warm winter gutted the demand for natural gas. More »
Energy storage technology to surge worldwide
The market services required to store electricity is expected to grow tenfold in the next ten years, as energy storage technology starts to become available around the globe, a market research report said Friday morning. More »
Zealotry Once Again Trumps Pragmatism
In choosing Ms. McCarthy, the President signaled that the course of excessive regulation set by Lisa Jackson’s EPA would continue. More »
Natural gas jumps more than 3 percent
The government said supplies of natural gas are nearly 20 percent below year-ago levels. More »
Texas retail gasoline prices down 4 cents
AAA Texas on Thursday reported the average price at the pump is $3.54 per gallon of regular unleaded gas. The current national average is $3.70. More »
WTI rises after US jobless claims fall
West Texas Intermediate rose as the number of Americans filing applications for jobless benefits unexpectedly dropped last week. Brent’s premium to the U.S. benchmark grade widened for the first time in seven days. More »
Nabors pays exec $60 million now to pay him less later
At this point, what’s another $60 million? Perhaps that’s what the board of Nabors Industries was thinking when it decided to pay chief executive Anthony Petrello $60 million to give up future bonuses. Nabors has a long and egregious history of overpaying its executives while its shareholders suffer, and the latest deal is just more of the same. More »
Commentary: Battle lines forming on carbon tax
For a political non-starter, a carbon tax is generating an awful lot of activity on Capitol Hill. Texas Reps. Joe Barton and Jeb Hensarling will headline a press conference Wednesday slamming the idea. More »
U.S. poised to become net energy exporter, Exxon Mobil forecasts
The U.S. could become a net exporter of energy by 2025, said William Colton, Exxon Mobil vice president of corporate strategic planning.The economic benefits of domestic oil and gas production are the equivalent of a $600 billion stimulant package for the U.S. economy, he added. More »
WTI oil narrows gap with higher-priced Brent
West Texas Intermediate, the benchmark price for U.S. crude, has been on the rise, narrowing its gap with the global benchmark Brent crude to the lowest level in five weeks. More »
NY will make health call on gas drilling in weeks
New York’s health commissioner says he won’t wait for completion of any of the pending gas drilling studies and plans a recommendation “in weeks” on whether the state should approve hydraulic fracturing. More »
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