Congress urged to close oil royalty loophole
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House Democratic lawmakers on Thursday urged the Republican-controlled Congress to punish oil companies that won't renegotiate faulty drilling leases issued by the government almost a decade ago that have allowed companies to avoid paying billions in oil and gas royalties.
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Republican leaders in the U.S. House  of Representatives on Tuesday called off a vote on a limited  offshore oil and natural gas drilling bill which would open 8.3  million acres in the Gulf of Mexico off Florida.
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The U.S. Congress comes back to town   next week to sift through the pieces of the latest oil patch   disaster -- pipeline corrosion that threatened to shut down the   giant Prudhoe Bay oil field in Alaska.
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The lawsuit that could allow energy companies to avoid as much as $60 billion in royalties to the government over the next two decades.
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U.S. House of Representatives  lawmakers this week will propose restricting ownership of banks  by commercial companies in a legislative push to derail the  efforts of retailing giants to move into financial services.
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Connecticut Gov. Jodi Rell on Thursday  said she had asked the U.S. Congress to investigate whether  domestic producers of natural gas tried to pump up prices by  shutting badly needed production.
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A House committee tried to forge a compromise between the parties for and against a planned royalty rate increase set by the Copyright Royalty Rate Board.
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Black leaders in Congress asked the federal government Tuesday to weigh in on the legality of a vote by the Cherokee Nation earlier this month to revoke citizenship from descendants of former tribal slaves.
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JAKARTA, Indonesia -- The Organization of Petroleum Exporting Countries has asked the United States to use its strategic petroleum reserves to help reduce oil prices, the cartel&#39;s president said Wednesday.
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Republican leaders in the U.S. House  of Representatives, who will yield to a Democratic majority in  January, on Friday agreed to allow a vote on a limited offshore  oil and natural gas drilling bill, which would open 8.3 million  acres in the Gulf of Mexico off Florida.
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The head of the House Energy and  Commerce Committee chided BP Plc.  executives on Thursday  for overlooking corrosion that threatened to shut down the  giant Prudhoe Bay oil field in Alaska, calling the UK-based  energy giant's policies "as rusty as its pipelines."
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House Speaker-to-be Nancy Pelosi's plan to repeal tax breaks for oil companies in the first 100 hours of the new Congress could face roadblocks in the Senate.
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Congress is on the verge of approving half a dozen bills that would protect as much as 1 million acres of wilderness areas across the West, but the move has infuriated environmentalists who charge that lawmakers are giving away too much pristine public land to real estate developers and local...
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A coalition of environmental activists and investors is asking the Securities and Exchange Commission to require companies to disclose the risks that climate change may pose to their bottom lines.
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The U.S. Congress comes back to town  next week to sift through the pieces of the latest oil patch  disaster -- pipeline corrosion that threatened to shut down the  giant Prudhoe Bay oil field in Alaska.
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When oil prices punched through $75 a barrel and gasoline topped $3 a gallon five months ago, members of Congress offered a raft of proposals, ranging from more U.S. drilling to windfall profits taxes to antitrust investigations. They railed against oil executives' pay packages, and some called for...
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IN A SERIES of hearings last week on Capitol Hill, members of Congress shed light on the most significant source of volatile energy prices -- excessive speculation and manipulation on the unregulated energy commodity futures markets.