By Adva Saldinger MYRTLE BEACH — A group of elected officials, business representatives and environmental advocates agreed on little Wednesday at a lively meeting about offshore energy production except that it is a timely issue to discuss. In October, Congress lifted a moratorium on offshore drilling and then-President Bush advised the Minerals Management Service in [...]
The Tampa Tribune The “drill, baby drill” crowd is at it again. Advocates are clamoring, in Washington and Tallahassee, in legislation and ballot initiatives, to drill off Florida. It is discouraging that so many people are willing to ruin Florida’s coast for the illusory promise of cheap energy and more jobs. And make no mistake, [...]
By Dina Cappiello WASHINGTON — House Republicans are calling for a hundred new nuclear power plants to be built in the next two decades as part of legislation they say is a better alternative than one championed by Democrats. The legislation unveiled by the GOP Wednesday would increase production of oil and gas offshore, [...]
By Brett Clanton, Houston Chronicle HOUSTON — Obama administration proposals to reap more tax dollars from the foreign-earned profits of U.S. companies are not going over well in the Oil Patch. Billed as a way to make multinational corporations pay their fair share to Uncle Sam, the measures could add millions to the tax [...]
By Catherine Dolinski, Tampa Tribune TALLAHASSEE — Two Central Florida lawmakers are preparing to again try to lift the ban on offshore oil drilling within 10 miles of Florida’s Gulf Coast. The state House voted 70-43 this spring on a late-arrived plan from Rep. Dean Cannon, R-Winter Park, to permit drilling offshore up to [...]
The Obama administration is sticking with a plan to raise about $5 billion over 10 years through a new excise tax on oil and gas production in the Gulf of Mexico out of its proposed fiscal 2010 budget, a senior administration official said yesterday. The comment came after the White House released new details [...]
By Peter Bacque RICHMOND, VA — Offshore drilling for oil and gas could bring billions of dollars and thousands of jobs to Virginia, and help secure the nation’s energy future, speakers at an industry-sponsored forum said Tuesday. “More energy equals more jobs for Virginia,” Republican Lt. Gov. Bill Bolling said. “That should be priority [...]
Alistair Birnie, chief executive of Subsea UK, is among a number of oil and gas trade associations who met with Energy Minister, Mike O’Brien, at the House of Commons last week. The meeting was for Government to hear how the current economic climate is impacting across the industry and for the bodies to articulate [...]
by Amanda DeBard President Obama says his energy plan will make the nation independent from foreign oil, but he’s also cheerleading for policies that analysts agree could tax domestic oil and gas companies out of the production business. The president wants to increase federal spending on renewable energy by about $150 billion, including creating [...]
Russia signalled its determination to win the race for the Arctic’s mineral wealth yesterday by announcing plans to establish military bases along its northern coastline. A new national security strategy includes plans to create army units in Russia’s Arctic region to “guarantee military security in different military-political situations.”
by Stephen Power and Siobhan Hughes WASHINGTON — The Obama administration’s push to raise taxes on the oil industry is reigniting a battle the industry fought and won last year. Under pressure to narrow projected deficits, President Barack Obama’s 2010 budget proposal calls for raising more than $31 billion over the next decade by [...]
Diver Community
Social Profilr
Follow me in these Social Networks