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Topic: Frank Verrastro

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Energy News // 1 decade ago

Senate keeps ‘Big Oil’ tax breaks, scrambles for answer to high gas prices

As the U.S. Senate voted 51-47 against a bill that would remove billions of dollars in oil company tax breaks, members of the Senate Committee on Energy and Natural Resources pressed a panel of experts on the nation's rising gas prices.

Business News // 1 decade ago

Gustav reminds U.S. of oil vulnerabilities

Hurricane Gustav's rampage through the Gulf of Mexico was a stark reminder that U.S. oil supplies are vulnerable to major storms, analysts said.

Energy News // 1 decade ago

Analysis: Nigeria losing 650,000 bpd

Increased violence has caused Nigerian oil output to decline by 650,000 barrels per day, according to the West African country's vice president.

Energy News // 1 decade ago

Analysis: India, China to aid Nigeria oil

India and China have decided to help Nigeria build new refineries rather that continue to buy crude oil for export from the petroleum-rich West African nation.

Energy News // 1 decade ago

Analysis: Oil prices look skyward

With the plummeting dollar, geopolitical uncertainty and investor speculation all being blamed for soaring oil prices, it is unclear whether U.S. Vice President Dick Cheney's efforts to persuade Saudi Arabia to increase oil production will result in cheaper oil.

Energy News // 1 decade ago

Analysis: Does storing oil raise prices?

As oil prices skyrocket, some policymakers want to halt efforts to increase the nation's emergency oil reserve, but the administration says energy security depends on the stockpile's size.

Energy News // 1 decade ago

Analysis: Nigeria's resource curse

Nigerian Vice President Jonathan Goodluck shocked his colleagues and countrymen this week when he referred to his country's oil wealth as an economic curse to his country over the last 50 years.

Energy News // 1 decade ago

Analysis: Energy report, fact or fantasy?

A few months after the release of a prominent energy report, some experts say its recommendations possess minimal potential for solving the world's energy woes, while others wish Congress would adopt its comprehensive approach.

Energy News // 1 decade ago

U.S. deal: 12.3M barrels to oil reserve

The Energy Department is opting to fill the strategic oil reserve with oil pumped from U.S. reserves instead of collecting royalties on the oil sales.

Energy News // 1 decade ago

Analysis: Energy security a global issue

Energy security relies not on independence, but a variety of domestic and international cooperative initiatives, a report from the National Petroleum Council sa

Quotes

Delta residents see this wealth being exported, and it infuriates them
Nigerian oil reserves drying up? Dec 18, 2008

Delta residents see this wealth being exported and it infuriates them
Analysis: Nigeria losing 650,000 bpd Aug 07, 2008

Delta residents see this wealth being exported and it infuriates them
Analysis: India, China to aid Nigeria oil Apr 17, 2008

What volume of oil is in the reserve doesn't matter ... because you can't cover your full import rate
Analysis: Does storing oil raise prices? Feb 15, 2008

Delta residents see this wealth being exported and it infuriates them
Analysis: Nigeria's resource curse Feb 14, 2008