Posted February 11, 2014
U.S. Energy Secretary Ernest Moniz, addressing a propane shortage currently affecting millions of consumers in the Northeast and Midwest at the National Association of State Energy Officials annual policy outlook conference last week:
“There’s a lot of day-to-day issues to be concerned about but we also want to keep this in a broader context. What we’re seeing played out is just one example of where our energy infrastructure isn’t quite ready for the task we have today.”
At the same conference, Roy Willis, president and CEO of the Propane Education Research Council, called propane the “canary in the coalmine” for the nation’s energy infrastructure needs. That canary certainly is singing out.
Posted July 3, 2013
Now that a federal court has stopped implementation of a new rule that would’ve required U.S. oil and natural gas companies to publicly release commercially sensitive information about foreign and domestic projects, discussion should turn to transparency tools that won’t hurt U.S. companies’ global competitiveness and potentially cause job losses.
The decision by the U.S. District Court for the District of Columbia halts implementation of the Securities and Exchange Commission’s controversial Section 1504 within the Dodd-Frank Act. Under the provision, publicly traded U.S. energy companies would have to reveal extensive data about how much they pay in licenses, taxes, royalties and other fees to foreign governments – essentially giving foreign competitors that aren’t subject to SEC rules a big advantage in the bidding process for energy contracts. The court ruling should clear the way for effective transparency that doesn’t put U.S. companies behind the 8-ball. Harry Ng, API vice president and general counsel: