With the healhcare debate overwhelming everything else in Washington cap and trade seems all but dead. Sen. Maria Cantwell (D-Wash.) and Sen. Susan Collins (R-Maine) have introduced CLEAR Act. The bills sponsors claim 80% of energy consumers will see no increase in their net cost for energy. The website Reason.com has an indepth look. The bill will still face an uphill battle to become law as the November Election gets closer. The key difference in the Clear bill and Waxman-Markey one passed by the House of Representatives last June is the CLEAR bill woud largely avoid picking winners and losers among technologies, special interest groups, or industries by not deciding who gets how many carbon credits. While it may seem Cap and Trade has been killed by the Health Care battle with Republicans and Democrats woring togather to propose alternatives some sort of carbon reduction bill may yet happen in 2010.
Recommended Reading
VTX Energy Quickly Ramps to 42,000 bbl/d in Southern Delaware Basin
2024-09-24 - VTX Energy’s founder was previously among the leadership that built and sold an adjacent southern Delaware operator, Brigham Resources, for $2.6 billion.
US Drillers Cut Oil, Gas Rigs for Third Week in a Row
2024-10-04 - The oil and gas rig count fell by two to 585 in the week to Oct. 4.
EY: How AI Can Transform Subsurface Operations
2024-10-10 - The inherent complexity of subsurface data and the need to make swift decisions demands a tailored approach.
Bowman Consulting to Manage, Monitor Delaware Basin Wells
2024-10-14 - Bowman Consulting Group’s scope of work includes conducting detailed field surveys of above-ground infrastructure assets across well sites of up to to 8 acres.
E&P Highlights: Oct. 7, 2024
2024-10-07 - Here’s a roundup of the latest E&P headlines, including a major announcement from BP and large contracts in the Middle East.