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SEC Charges Willbros Group and Former Employees with Foreign Bribery

Washington, D.C., May 14, 2008 — The Securities and Exchange Commission today filed a settled enforcement action charging Willbros Group, Inc. and four former employees with violations of the Foreign Corrupt Practices Act (FCPA), alleging that they paid more than $6 million in undisclosed bribes to Nigerian government officials and others to obtain significant contracts for the Houston-based company.    » read more »

This Week in Petroleum - May 14, 2008

Going the Way of the Typewriter?

A generation is growing up in the United States with no idea what a typewriter is! Once an important part of the work place, typewriters are almost impossible to find these days. Will the same be said about home heating oil tanks, outside limited areas, several generations from now?

Home heating chartHome heating chart    » read more »

Senator Feingold Praises Senate Effort To Lower Gas Prices

By Suspending Deposits into the Nearly-Full Strategic Petroleum Reserve, More Oil Will Be Available in the Marketplace to Help Bring Down Gas Prices

May 13, 2008 -- Washington, D.C. – The U.S. Senate passed a measure co-sponsored by U.S. Senator Russ Feingold (D-WI) that will help lower gas prices that have reached all-time highs.

California gas prices: Photo by Brian Locicero (CC)California gas prices: Photo by Brian Locicero (CC)

The Senate passed a Feingold-backed initiative to suspend the filling of the strategic petroleum reserve (SPR) that was originally created to provide relief when oil and gasoline supply shortages caused economic hardships.    » read more »

Connecticut Governor Rell Urges House of Representatives to Ease Gas Price Spikes by Passing Strategic Petroleum Reserve Measure

May 13, 2008 -- With the average price for a gallon of gas in Connecticut climbing to $3.95, Connecticut Governor M. Jodi Rell today urged the U.S. House of Representatives to pass a measure that would suspend oil deliveries to the country's Strategic Petroleum Reserve until crude prices fall below $75 a barrel.

A technician at the Strategic Petroleum Reserve inspects crude oil transfer pipe: Photo courtesy DOEA technician at the Strategic Petroleum Reserve inspects crude oil transfer pipe: Photo courtesy DOE

The proposal to halt shipments to the emergency oil reserve cleared the Senate in a 97 to 1 vote and is expected to receive bipartisan support in the House.    » read more »

Statement of Senator Carl Levin on Oil and Gasoline Prices

May 12, 2008 -- "Mr. President, day after day record-high oil and gasoline prices are hurting millions of American consumers and businesses. Unless something is done to make energy more affordable, the record-high prices will continue to reverberate throughout our economy, increasing the prices of transportation, food, manufacturing and everything in between.

A Rolls Royce parked in Dubai: Photo by Gavin (CC)A Rolls Royce parked in Dubai: Photo by Gavin (CC)

Skyrocketing energy prices are a threat to our economic and national security, and the time is long past for action.    » read more »

Wisconsin Governor Doyle Signs Climate Change Agreement with United Kingdom

Agreement Takes Steps toward Developing Clean Energy and Fighting Climate Change

May 12, 2008 -- MADISON – Wisconsin Governor Jim Doyle today signed a Memorandum of Understanding (MOU) between the United Kingdom (U.K.) and Wisconsin on climate change issues.

The agreement, signed by Governor Doyle and Hilary Benn, Secretary of State for the Environment, Food and Rural Affairs and Minister of Parliament, promotes a working relationship between Wisconsin and the U.K. and builds upon current efforts to reduce greenhouse gas emissions and promote low carbon technologies.    » read more »

Shareholders Beware: Investments in New Coal Could Go Up in Smoke

May 8, 2008 -- Richmond, VA -- Clean energy and environmental groups kick off a week of action today targeting corporations planning to invest in new coal. The groups will be holding events and attending the shareholder meetings of three major coal investors—Alliant Energy, Dominion Resources and Dynegy, Inc. to educate directors, investors and shareholders about the financial risks of investing in new coal.

"Companies around the world are realizing that going green can benefit both the environment and their bottom line," said Bruce Nilles, Director of the Sierra Club’s National Coal Campaign. "It’s time these companies open their eyes and help move America beyond coal toward a clean energy economy."    » read more »

As Mccain Appears In NJ, Sen. Menendez Challenges Him To Denounce Oil Drilling Near The Jersey Shore

Menendez has led efforts in the Senate to defeat plans that would open up drilling less than 100 miles from New Jersey

May 9, 2008 -- WASHINGTON – Today, U.S. Senator John McCain will be in New Jersey for a press conference on the topic of the environment. While he is in the state, U.S. Senator Robert Menendez (D-NJ) is challenging him to denounce a plan that would open up drilling for oil and natural gas less than 100 miles from the Jersey Shore.    » read more »

This Week in Petroleum - May 7, 2008

Spring and the Summer-Grade Gasoline Price Bump

For many, the sight of a bird’s eggs hatching or tulips blooming signifies the arrival of spring. Historically, spring is also the time for rising gasoline prices. Over the last 10 years, the monthly average retail price for regular-grade gasoline has increased by an average 7 cents a gallon from April to May. In EIA’s latest Short-Term Energy Outlook, the average gasoline wholesale price for May is projected to increase by 10 cents per gallon from last month.    » read more »

Democratic Senators Unveil Consumer-First Energy Act of 2008

05/08/2008 -- Washington, DC — Senate Majority Leader Harry Reid and Senators Jeff Bingaman, Max Baucus, Charles Schumer, Byron Dorgan, Maria Cantwell and Bernie Sanders held a press conference today to unveil the Consumer-First Energy Act of 2008, a bill that addresses the root causes of high gas prices.

Gas prices: Photo by Todd Lappin (CC)Gas prices: Photo by Todd Lappin (CC)

Seven years of the Bush Administration’s disastrous energy policies have enriched Big Oil and market speculators at the expense of American consumers. Democrats are committed to providing relief to consumers and strengthening our economic, energy and national security.    » read more »

Senate Judiciary Committee To Examine Explosive Rise In Oil Prices

WASHINGTON (Wednesday, May 7, 2008) – The Senate Judiciary Committee will hold a hearing later this month to examine the rising price of crude oil and its effect on gas prices across the country, Chairman Patrick Leahy (D-Vt.) announced today.

Giant 5 mpg SUV: Photo by Financial Aid Podcast (CC)Giant 5 mpg SUV: Photo by Financial Aid Podcast (CC)    » read more »

Alaska Governor Responds to Record Oil Prices

Alaskans Feel Pinch of High Costs

May 7, 2008, Anchorage, Alaska - Alaska Governor Sarah Palin released the following statement as the price of Alaska North Slope crude oil reached a record level of $123.53 a barrel.

Trans-Alaska pipeline: Photo by rickz (CC)Trans-Alaska pipeline: Photo by rickz (CC)

“Alaskans are feeling the pinch of high energy costs. The state treasury is swelling while the family checkbook is evaporating. As prices continue to rise, we cannot wait for medium- and long-term solutions to come into place.”    » read more »

Senator Lautenberg Introduces Bill To Take Action Against OPEC

N.J. Sen. Says OPEC Production Limits Inflate Gas Prices, Violate International Trade Laws

May 5, 2008 -- WASHINGTON, D.C. – Late last week, U.S. Senator Frank R. Lautenberg (D-NJ) introduced legislation to force action against the Organization of the Petroleum Exporting Countries (OPEC) for its anti-competitive practices and illegal export quotas on oil, which ultimately lead to higher gas prices here at home.

OPEC building, Vienna: Photo by Spino73 (CC)OPEC building, Vienna: Photo by Spino73 (CC)    » read more »

Senator Harkin Calls On EPA To Continue Renewable Fuel Standards

Senate Agriculture Committee Chairman Calls for Evaluation of Rising Food Prices, Expansion of New Feedstocks

May 5, 2008 -- Washington, D.C. – Senator Tom Harkin (D-IA), the Chairman of the Senate Committee on Agriculture, Nutrition and Forestry, today said the Environmental Protection Agency (EPA) should uphold the ethanol standards passed by the energy bill with an expansion of the Renewable Fuels Standard (RFS) to 36 billion gallons by 2022. Earlier today, 23 Senate Republicans urged the agency to halt ethanol production expansion.    » read more »

Research Center to Explore New Ways to Convert Sunshine to Power and Fuels

April 21, 2008 -- The newest research center of the Colorado Renewable Energy Collaboratory aims to find ways to directly convert the sun's energy to low-cost electricity and fuels.

The Center for Revolutionary Solar Photoconversion (CRSP), announced today by Colorado Gov. Bill Ritter, U.S. Sen. Ken Salazar and the Collaboratory at the state Capitol in Denver, will be dedicated to basic and applied research at the Collaboratory's four member institutions, the U.S. Department of Energy's National Renewable Energy Laboratory (NREL), the Colorado School of Mines (CSM), Colorado State University (CSU) and the University of Colorado at Boulder (CU-Boulder).    » read more »

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