GLG News by Oil and Gas Refining Experts (North America)

    Wind power qualifies for production tax credits.  These production tax credits are set to expire on December 31, 2008 without renewal by Congress and the President.

    Bituminous coal prices have soared over 100% in the last year.  This is obviously bad news to electric consumers dependent upon utilities with a large exposure to coal-fired generation.  The run-up in coal prices could be a benefit to some utilities.

    As the article correctly points out, capital costs to build a new power plant have risen considerably since 2000; coal plants included.  It is not just the up-front capital costs that have affected decisions to build new coal plants as discussed in the commentary sectio...

In the 1970s the US Congress forced the Aramco partners (SOCONY, SOCAL, Exxon and Texaco) to divulge the reserve base they had in Saudi Arabia.  In the 1990s, Matt Simmons reviewed all the AAPG and SPE papers by Aramco engineers about the problems with the reservoir decline.  The Aramco management...

Big Oil (TOT, BP, RDS, XOM, COP, CVX) control very little of the world's oil and gas reserves. National Oil and Gas Companies (NOC) control over 85% of the oil and gas in the ground.  These are Saudi Aramco, NNPC, NIOC, Pemex, PDVSA, Petronas, LNOC, Sonotrach, etc. Big Oil does not have technology...

The disagreement of the Russian shareholders Vekselberg, Fridman and Blavatnik with BP over the management and board structure of TNK-BP has reached its boiling point.  The Russian partners demanded the resignation of Robert Dudley CEO of TNK-BP(executive of BP) and equal board representation....

Easy money for speculative traders Markets and ignorant traders without knowledge of the real power of clown dictators such as those in Iran, Venezuela and Russia Politician playing the dangerous energy game for political gain rather for the well being of the people they represent

The revolutionary green house bill, being proposed by Rep. Edward J. Markey (D-Mass) is just based on CO2 GHG (Green House Gas) global warming theories.  A new basic investigation of all GHG has to be conducted before any shortsighted and agenda driven legislation is being considered by any sane...

The Oil & Gas Journal article is of great interest.  I followed the recent Senate Judiciary Committee hearing on C-Span.  Due to election politics by the democratic members, some of their questions and comments were very testy and quite hostile.  Mr. John D. Hofmeister of Shell Oil...

After a 20 years moratorium on nuclear power Italy has taken the bull at the horn and plans to shed all the dependency on unreliable Russian natural gas (NG) and Middle East crude.  Holland, Belgium, Sweden and Germany as well as Great Britain are following the economical path for carbon restriction...