Rex Tillerson: Proposed tax hikes are ‘discriminatory and punitive’
Executives from the five biggest oil companies are set to argue against proposed tax hikes during a Senate Finance Committee hearing today. Exxon Mobil CEO Rex Tillerson will tell the panel that Democrats are unfairly singling out the firms with a plan to eliminate tax credits and deductions used broadly by other industries.
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IEA: Oil’s bull run may continue
High oil prices are curbing demand growth, particularly in the U.S., but prolonged supply disruptions mean the market will remain tight in the second half of 2011 and the “bull run” in prices may continue, the International Energy Agency said. (Via WSJ) More »
Feds want nuke plants to detail anti-terror plans
In light of Japan’s nuclear crisis, the U.S. Nuclear Regulatory Commission is demanding that operators of U.S. nuclear reactors submit by June 10 details about plans, equipment and personnel in place to respond to a terrorist attack. More »
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Texas CPAs study impact of eliminating oil tax incentives
As debate gets underway in Congress on whether to strip tax breaks from the top five oil and gas companies, the Texas Society of CPAs says while the biggest companies are the target, the small independents who dominate activity in the Permian Basin would feel the impact the most. More »
Texas House approves fracking disclosure bill
While witnesses from Texas testified in Washington against a federal study of the method central to unlocking oil and gas from shale formations, lawmakers in Austin passed a bill that would require producers to disclose chemicals used in the process. The seemingly contrasting events illustrate the complexity of the debate over fracking. More »
Energy players debate shale drilling’s prospects
Energy players sparred Wednesday over whether the global boom in shale drilling is heading for a bust.
While one consultant compared the shale gas market to the fever of the 19th-century California gold rush, a technology manager for Halliburton dismissed the skeptical outlook. More »
Woodside names Coleman as CEO
Woodside Petroleum selected Peter Coleman, a 27-year veteran with Exxon Mobil, as its new chief executive, showing how energy companies increasingly prize expertise in major natural-gas developments. (Via WSJ) More »
ConocoPhillips CEO calls tax proposal unfair
ConocoPhillips CEO James Mulva said Wednesday that major oil companies are being unfairly targeted by proposals to cut tax breaks that backers say could raise billions to help reduce the U.S. deficit. Mulva and the CEOs of Exxon Mobil and Chevron are scheduled to testify against the tax proposals today in Washington. More »
House advances legislation to accelerate offshore drilling
Fueled by motorists’ angst about rising gasoline prices and a political fight over who is to blame for them, the House of Representatives on Wednesday advanced two bills that would accelerate offshore oil and gas drilling. More »
GOP, Texans blast planned EPA study of hydraulic fracturing
Republican lawmakers and state regulators blasted the Environmental Protection Agency’s plans to broadly study the controversial hydraulic fracturing process that is essential to unlocking natural gas from shale formations across the U.S. More »
Gasoline, oil down today *updated*
Oil settled below $100 a barrel in New York and gasoline tumbled the most in more than two years after an Energy Department report showed that U.S. supplies surged and fuel demand slipped.
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French Assembly moves to ban shale gas drilling
The conservative-controlled National Assembly voted 287-186 to forbid hydraulic fracturing, but left-leaning opponents said the bill doesn’t go far enough because it would not revoke research licenses that the French government has already granted. More »
April 26, 2013
Loading ...- The award-winning team behind FuelFix.com:
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Simone Sebastian
assistant editor, FuelFix
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energy reporter
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