Oil

Statement by Larry Schweiger, President of National Wildlife Federation, On Release of IPCC Global Warming Solutions Report

Washington, DC (May 4) – “The world’s scientific experts are giving us all the information we need. This latest report provides unmistakable clarity that we must act now, and that solutions are within reach to avoid the worst effects of global warming.    » read more »

03 May 2007 -- Venezuela has threatened to eject U.S.-based oil giant ConocoPhillips from the country if it continues to resist the government's takeover of its multi-billion-dollar operations.

On Tuesday, Venezuela took control of four oil projects along the Orinoco River from their foreign operators.

ConocoPhillips was the only company that refused to sign an accord recognizing the takeover.

Venezuelan Oil Minister Rafael Ramirez Thursday told state television that any company that does not accept the new terms will have to leave.    » read more »

Benchmark

May 2, 2007 -- Webster’s online dictionary defines benchmark as, “A standard by which something can be measured or judged”. With his retirement following the 1998 football season, John Elway became the benchmark for every quarterback who plays for the Denver Broncos. Whether this is a fair benchmark is a reasonable question to ask. The same question might be asked about using West Texas Intermediate (WTI) crude oil as a benchmark for crude oil prices in the Americas.    » read more »

April 30, 2007 -- CHEYENNE, Wyo. - Expressing his concern that an initial exploratory drilling project in the Wyoming Range could be the “first domino” toward industrialization of the national forest, today Wyoming Governor Dave Freudenthal again relayed his opposition to full-scale natural gas development in the western Wyoming mountain range.    » read more »

May 1, 2007 -- The Michigan Public Service Commission (MPSC) today released the "Michigan Energy Appraisal: Summer 2007." The appraisal, published since 1978, reviews the projected prices and availability of energy in Michigan over the summer months.    » read more »

May 1, 2007, Juneau, Alaska – Alaska Governor Sarah Palin today announced that she is launching a comprehensive assessment of the condition of Alaska’s oil and gas infrastructure. Referred to as a “risk assessment,” the effort is fundamentally an engineering analysis involving a thorough, independent appraisal of the condition of the state’s oil and gas facilities. It goes on to identify facilities and systems that pose the greatest risk of failure, along with measures to reduce risks.    » read more »

April 25, 2007 -- TRENTON – New Jersey Attorney General Stuart Rabner and Criminal Justice Director Gregory A. Paw today announced that Chevron has agreed to pay $1 million for spilling more than 10,000 gallons of crude oil into the Arthur Kill last year.

The funds paid by Chevron in the civil settlement with the Attorney General’s Office will be used by NY/NJ Baykeeper for a project to reestablish oyster beds in New York/New Jersey Harbor in the area of the Arthur Kill and Raritan Bay.    » read more »

April 18, 2007, Juneau, Alaska – Alaska Governor Sarah Palin today announced the “Petroleum Systems Integrity Office” (PSIO), her initiative to ensure Alaska’s oil and gas infrastructure will get the maintenance and inspection it needs to operate safely for decades to come.

“The economic well-being of our state depends on the flow of oil from state lands on the North Slope and elsewhere in the state,” said Governor Palin. “Alaska will continue to deliver the new energy our nation needs, and we absolutely demand that our oil and gas systems are up to the job.”    » read more »