Chron Energy Items 1.23.08

A few of the energy related items in the Houston Chronicle or on
Oil prices point to hefty profits: Oil at $100 a barrel came and went in a flash. But crude prices that hovered at or above $90 through most of the last three months of 2007 are expected to mean pumped-up quarterly profits as the largest oil companies report their earnings in coming weeks.
BJ Services says domestic softness pinched profits: BJ Services Co., the third-largest U.S. provider of pressure-pumping services for oil and gas wells, said fiscal first-quarter profit fell 17 percent, hurt by sagging gas prices and increased competition in North America.
Enron plaintiffs stay in fight despite losing ruling: The Supreme Court’s refusal Tuesday to review an appeal from Enron investors trying to punish banks they allege helped Enron cook its books likely ends the protracted litigation, but the plaintiffs aren’t giving up just yet.
BP calls fine sufficient penalty: BP’s agreement that one of its divisions will plead guilty to a felony and pay a record fine under the federal Clean Air Act is sufficient punishment for risk management failures that contributed to the deadly 2005 explosion at its Texas City refinery, the company said in a court filing Tuesday.