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BUSINESS
November 9, 1988 | From Inquirer Wire Services
The Supreme Court yesterday upheld the power of states to tax income that oil companies earn from the offshore production of oil and gas on federally leased property. The ruling, written by Justice Thurgood Marshall, was a defeat for Shell Oil Co., a unit of Royal Dutch/ Shell Group, which challenged a corporate tax in Iowa as it applied to income from offshore oil and gas. The state tax was designed to be imposed on that portion of a company's income derived from its business in Iowa.
BUSINESS
May 15, 2012 | Andy Maykuth
The U.S. Department of Interior made a critical determination Monday that benefits Atlantic Wind Connection, the Google-funded company that wants to construct a sea-floor transmission system to connect offshore wind turbines to the electrical grid. The Interior Deparment's Bureau of Ocean Energy Management declared there to be no competitive interest for the use of certain areas of the outer continental shelf, allowing the government to grant the project a right-of-way once its environmental impact is reviewed.
NEWS
May 15, 2011 | VOTERAMA IN CONGRESS
WASHINGTON - Here is how Philadelphia-area members of Congress voted on major issues last week: House Gulf of Mexico drilling. Voting 263-163, the House sent the Senate a bill (H.R. 1229) that would restore oil and gas drilling in the Gulf of Mexico to levels comparable to those in effect before last year's BP Deepwater Horizon oil spill. The bill would require the Interior Department to act within 60 days on about 40 permit applications now undergoing safety and environmental reviews.
NEWS
March 7, 1986
I reply to the Feb. 7 United Press International story, "U.S. offers slowdown in oil leasing. " A more proper headline would have read: "U.S. offers speedup in oil leasing. " I attended the same press conference as the UPI reporter in which Interior Secretary Donald Hodel anounced his new offshore oil-and gas-exploration plan for the next five years. Although the secretary stated that his plan would "slow" sales of drilling rights to the oil industry, simple arithmetic reveals another story.
NEWS
May 5, 1987
If U.S. energy policy were to be described in one word, "schizophrenic" would fit nicely. This nation careens from frenzied consumption to fearful conservation and back again, ignoring the past, blind to the future. Consider recent events: The same day that the Organization of Petroleum Exporting Countries announced it was cutting crude oil production and raising prices, the Presidential Task Force on Regulatory Relief, chaired by Vice President Bush, recommended that fuel economy standards for new automobiles be abolished.
NEWS
August 11, 2008 | By Charles Krauthammer
Let's see: housing meltdown, credit crunch, oil shock not seen since the 1970s. The economy is slowing, unemployment growing and inflation increasing. It's the sixth year of a highly unpopular war, and the president's approval rating is at 30 percent. The Italian Communist Party could win this election. The American Democratic Party is trying its best to lose it. Democrats have the advantage on just about every domestic issue from health care to education. However, Americans' greatest concern is the economy, and their greatest economic concern is energy (by a significant margin: 37 percent to 21 percent for inflation)
NEWS
September 24, 2008
Congress might lift the decades-old ban on offshore oil drilling by next week, but don't expect it to affect gas prices anytime soon. Lawmakers have been waging a political game over oil drilling since mid-summer. Republicans, hoping anger over $4-a-gallon gasoline would reverse their bleak political fortunes, began a coordinated election-year campaign to "drill here, drill now. " They were pushing for a vote to end the federal ban on oil and gas exploration along most of the U.S. coastline, in place since 1981.
NEWS
November 18, 2005 | Gale A. Norton
Gale A. Norton is the U.S. secretary of the interior America is ignoring the light on the dashboard when it comes to energy. We are in denial. We think that simply because we've always had abundant energy - except in the 1970s, when we were stuck in gas lines - we always will. Americans were surprised when growing world demand for energy pushed the price of oil to record levels last summer and when Hurricanes Katrina and Rita drove gas above $3.60 a gallon in some places.
NEWS
December 5, 2003 | By Charli Coon
When is a filibuster an opportunity? When failure by the Senate to cut off debate and vote on a $31 billion energy bill gives members one last chance to govern responsibly. It won't be easy. The $350 million in tax-exempt bonds for "green" development projects would have to go. That would mean Syracuse, N.Y., wouldn't get its subsidized-soybean-powered mall. And Bossier City, La., wouldn't get its riverfront development project that includes an "energy-rich Hooters" restaurant.
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ARTICLES BY DATE
BUSINESS
May 15, 2012 | Andy Maykuth
The U.S. Department of Interior made a critical determination Monday that benefits Atlantic Wind Connection, the Google-funded company that wants to construct a sea-floor transmission system to connect offshore wind turbines to the electrical grid. The Interior Deparment's Bureau of Ocean Energy Management declared there to be no competitive interest for the use of certain areas of the outer continental shelf, allowing the government to grant the project a right-of-way once its environmental impact is reviewed.
NEWS
May 15, 2011 | VOTERAMA IN CONGRESS
WASHINGTON - Here is how Philadelphia-area members of Congress voted on major issues last week: House Gulf of Mexico drilling. Voting 263-163, the House sent the Senate a bill (H.R. 1229) that would restore oil and gas drilling in the Gulf of Mexico to levels comparable to those in effect before last year's BP Deepwater Horizon oil spill. The bill would require the Interior Department to act within 60 days on about 40 permit applications now undergoing safety and environmental reviews.
NEWS
September 24, 2008
Congress might lift the decades-old ban on offshore oil drilling by next week, but don't expect it to affect gas prices anytime soon. Lawmakers have been waging a political game over oil drilling since mid-summer. Republicans, hoping anger over $4-a-gallon gasoline would reverse their bleak political fortunes, began a coordinated election-year campaign to "drill here, drill now. " They were pushing for a vote to end the federal ban on oil and gas exploration along most of the U.S. coastline, in place since 1981.
NEWS
August 11, 2008 | By Charles Krauthammer
Let's see: housing meltdown, credit crunch, oil shock not seen since the 1970s. The economy is slowing, unemployment growing and inflation increasing. It's the sixth year of a highly unpopular war, and the president's approval rating is at 30 percent. The Italian Communist Party could win this election. The American Democratic Party is trying its best to lose it. Democrats have the advantage on just about every domestic issue from health care to education. However, Americans' greatest concern is the economy, and their greatest economic concern is energy (by a significant margin: 37 percent to 21 percent for inflation)
NEWS
January 29, 2007 | By Charles Krauthammer
Is there anything more depressing than yet another promise of energy independence in yet another State of the Union address? By my count, 24 of the 34 State of the Union addresses since the oil embargo of 1973 have proposed solutions to our energy problem. The result? In 1973, we imported 34.8 percent of our oil. Today, we import 60.3 percent. And what does this president propose? Another great technological fix. For Jimmy Carter, it was the magic of synfuels. For George Bush, it's the wonders of ethanol.
NEWS
November 18, 2005 | Gale A. Norton
Gale A. Norton is the U.S. secretary of the interior America is ignoring the light on the dashboard when it comes to energy. We are in denial. We think that simply because we've always had abundant energy - except in the 1970s, when we were stuck in gas lines - we always will. Americans were surprised when growing world demand for energy pushed the price of oil to record levels last summer and when Hurricanes Katrina and Rita drove gas above $3.60 a gallon in some places.
NEWS
December 5, 2003 | By Charli Coon
When is a filibuster an opportunity? When failure by the Senate to cut off debate and vote on a $31 billion energy bill gives members one last chance to govern responsibly. It won't be easy. The $350 million in tax-exempt bonds for "green" development projects would have to go. That would mean Syracuse, N.Y., wouldn't get its subsidized-soybean-powered mall. And Bossier City, La., wouldn't get its riverfront development project that includes an "energy-rich Hooters" restaurant.
BUSINESS
November 9, 1988 | From Inquirer Wire Services
The Supreme Court yesterday upheld the power of states to tax income that oil companies earn from the offshore production of oil and gas on federally leased property. The ruling, written by Justice Thurgood Marshall, was a defeat for Shell Oil Co., a unit of Royal Dutch/ Shell Group, which challenged a corporate tax in Iowa as it applied to income from offshore oil and gas. The state tax was designed to be imposed on that portion of a company's income derived from its business in Iowa.
NEWS
May 5, 1987
If U.S. energy policy were to be described in one word, "schizophrenic" would fit nicely. This nation careens from frenzied consumption to fearful conservation and back again, ignoring the past, blind to the future. Consider recent events: The same day that the Organization of Petroleum Exporting Countries announced it was cutting crude oil production and raising prices, the Presidential Task Force on Regulatory Relief, chaired by Vice President Bush, recommended that fuel economy standards for new automobiles be abolished.
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