Domenici Statement on President Bush’s Call For Increased American Production
WASHINGTON – U.S. Senator Pete Domenici, ranking member of the Senate Energy and Natural Resources Committee, today made the following statement regarding President Bush’s proposals for increased domestic production of oil. “Today, President Bush identified America’s most pressing energy problem–increased reliance on foreign oil due at least in part to a lack of […]
Renewable Electricity Generation/Transmission
“The topic of today’s hearing is renewable electricity generation and transmission. “The Federal government has been trying to encourage the development of renewable electricity since at least the late 1970s with the passage of the Public Utility Regulatory Policies Act. We also have extended tax credits to renewables, and funded research and development. States […]
As Pickens Warns of Rapidly Rising Oil Costs and Foreign Imports, American Public Calls For Deep Sea Exploration
WASHINGTON – On a day when legendary Texas oilman T. Boone Pickens warned the Senate that the price of oil and the rate of foreign imports will continue to rise unless we take immediate action, a new poll released today has found that an overwhelmingly majority of Americans support deep sea exploration to increase American […]
Domenici Statement at Renewable Electricity Transmission Hearing
WASHINGTON – U.S. Senator Pete Domenici, ranking member of the Senate Energy and Natural Resources Committee, today made the following opening statement at a full committee hearing to discuss the need to develop transmission capacity for renewable electricity technologies: Thank you, Mr. Chairman, for calling this hearing on an issue that many see as […]
CFTC Answers Raise More Questions
Here’s a headline from today that should sound familiar: “Oil hits record near $140”. Gasoline prices also rose to a new high — $4.08 a gallon. Since the start of this year, oil prices have climbed about 40 percent. And prices at the pump are directly linked to the price or oil. Over this […]
Speculation in the Energy Commodities Markets
"Leading energy experts across the country agree that recent, unprecedented jumps in crude oil prices are due, in large measure, to rampant speculation in the energy commodities markets.” That is stressed in a letter which Congressional leaders received this week, calling for immediate changes in energy market regulations. Signed by 19 of the nation’s […]
The Week Ahead (June 16-20)
Ø On Tuesday, June 17, the full committee will examine the challenges and regional solutions to developing transmission for renewable electricity resources. Witnesses include Kevin Kolevar, assistant secretary for Electricity Delivery and Energy Reliability, U.S. Department of Energy; T. Boone Pickens, principal, BP Capital, Dallas; Rich Halvey, energy program director, Western Governors Association, Denver; Bryce […]
Renewable Fuels Policy and Food Prices
“Thank you all for coming today to discuss our nation’s biofuels policy, and how that policy is affecting domestic and global food prices. The recent increase in commodity prices, with food and fuel prices at historic highs, highlights the importance of getting our policies right. I called today’s hearing in an effort to help us […]
Domenici Statement on Reid “No Energy Bill” Vote
WASHINGTON – U.S. Senator Pete Domenici, ranking member of the Senate Energy and Natural Resources Committee, today issued the following statement regarding the Senate’s failure to proceed to Senator Reid’s energy bill (S.3044): “After spending last week debating a bill that all independent studies agree will increase the price of gasoline, Senate Democrats […]
Domenici Statement on Democrats “No Energy Bill”
WASHINGTON – After fierce debate over climate change legislation that over a dozen independent analysis show will significantly increase gas prices, Senate Democrats will now force a vote on their legislation intended to address gas prices (S.3044). U.S. Senator Pete Domenici, ranking member of the Senate Energy and Natural Resources Committee, had the following reaction: […]