Chronicle Energy Items: 02.13.08

A few of the energy related items in today’s Houston Chronicle or on
Venezuela to stop oil sales to Exxon Mobil: Venezuela’s state-owned oil company said Tuesday it will stop selling crude oil and other fuels to Exxon Mobil Corp. in retaliation for the U.S. oil giant’s efforts to freeze billions in worldwide assets owned by the Venezuelan company.
Natural gas to go global: Natural gas is poised to become a truly global commodity in the next two years because of growing capacity to liquefy it, transport it by sea and then turn it back into gas, according to a report set for release in Houston today.
Energy leader sees clouds,Industry must boost spending to avoid crisis:The world’s oil companies must raise spending significantly to meet rising demand for oil and natural gas or a supply crisis will erupt in the next decade, the CEO of Hess Corp. told industry executives in Houston on Tuesday.
New energy bill, same factions — White House is against Democrats’ plan to raise taxes on oil profits: House Democrats haven’t given up hope of hitting up the oil and gas companies for billions of dollars in higher taxes to provide incentives for renewable and clean energy programs.
Total announces expansion of Port Arthur refinery: Associated Press — Energy giant Total announced plans today for a $2.2 billion expansion of its Port Arthur refinery.