The bill aims to penalize the oilindustry forgenerating “excessive profits.” It would require the operators of California oil refineries to submit an activity report to the State Energy Resources Conservation and Development Commission within 30 days of the end of each month. It wo...
Big oil wary of vague price gouging bills.Dinesh, Manimoli
and the existential threat of climate change, policymakers in Washington have a long list of crises to address. But there’s one step that could help mitigate all of them: reducing our dependence on oil — and the giant oil and gas companies who profit from it. ...
"We can’t just have committees formed every time there’s a gas spike and think we have enough knowledge to figure out how to resolve the situation over the long term," said Assemblymember Jacqui Irwin, a Democrat from Thousand Oaks who was one of the lead negotiators for the bill in ...
California's gasoline market is dominated by name-brand gasoline, which is more expensive, and the state's gas prices have been consistently higher than the rest of the country since 2015, Borenstein said. "We just don't have the competition and discipline from those off-brand stations," he...
"As geopolitical volatility and global energy prices continue to rise, we again urge the administration to end the uncertainty and immediately act on a new five-year program for federal offshore leasing,'' he said. The lease cancellations come as gas prices have surged to a record ...
Gas stations' owner denies price gouging "I didn't price gouge anybody and I've got the invoice to prove it," said Joe McCaskill, owner of Mac's Gas, a local chain of gas stations that attracted attention last week for charging $5.17 per gallon for fuel. As proof, McCaskill's...
The State Ownership/Tax Committee, chaired by Bill Corbus, heard from Michael Hurley of the Alaska Gas Producers Pipeline Team Sept. 21. The "Thank you, we see it isn't commercial for you — you tried — save your capital for exploration and production. We'll find pipeline companies that...
However, there is some good news for marketers - price-gouging provisions were removed from the measure and home heating oil has been excluded from renewable fuel standard requirements. But this is "still a bad bill," a lobbyist with the Petroleum Marketers Assn. of America said. 原文传递 ...
Ruegg- Oil and Gas is our mainstream business sector - with around 55% of our revenues. While most of our involvement has been in geotechnical and survey-related activity, we have been moving in from the fringe of E&P activity - notably with our Geoteam acquisition. But generally we are ...