This report analyzes how China, Japan, and South Korea's pursuits to bolster their energy security impacts U.S. interests. It also examines decisions being made by Asian states now that will significantly shape global affairs in the future, how these decisions might play out, and how Congress and the executive branch might play a role in those decisions.
This report analyzes how China, Japan, and South Korea's pursuits to bolster their energy security impacts U.S. interests. It also examines decisions being made by Asian states now that will significantly shape global affairs in the future, how these decisions might play out, and how Congress and the executive branch might play a role in those decisions.
This report examines the extent of price increases in gasoline and oil, focuses on the linkage between the two, and analyzes the causes of the price increases, and the likelihood that they might be reversed through market responses, or policy measures.
This report discusses the petroleum refining industry and its relation to the economy. Along with volatile changes in crude oil prices, the industry has faced evolving health, safety, and environmental requirements which have changed and multiplied product specifications and required capital investment in refineries. This report also seeks to describe the recent performance of the refining industry, to evaluate the structural changes that are occurring in the industry, and to analyze the nature and effects of the challenges confronting the industry.
This report discusses the Department of Energy's (DOE's) Office of Electricity Delivery and Energy Reliability (OE), which is tasked with the lead role to address electric infrastructure needs and issues, such as: increased use of distributed (mostly renewable energy) resources, Internet-enabled demand response technologies, growing loads from electric vehicle use, continued expansion of natural gas use, and integration of energy storage devices.
This report discusses the history, current posture, and outlook for federal energy tax policy. It also discusses recent energy tax proposals, focusing on the major energy tax provisions that were debated as part of omnibus energy legislation in the 108th Congress (e.g., H.R. 6), which may be reintroduced in the 109th Congress.
Periods of rising oil prices can result in reduced economic growth, rising prices, and reduced disposable incomes for consumers, as well as a deteriorating trade balance. For the oil industry, periods of high oil prices generally imply increasing cash flows and higher profits. Although the U.S. oil industry is composed of many firms, to many the face of the oil industry is represented by the five major firms operating extensively in the U.S. market. These firms are ExxonMobil, Chevron, BP plc, Royal Dutch Shell plc, and ConocoPhillips. During the period 2007 to 2011, the five major companies' upstream activities of exploration and production contributed more to the total profitability of the firms than the downstream activities of refining and marketing.
The report provides background on the theory and application of tax policy as it relates to the energy sector, particularly with respect to the theory of market failure in the energy sector and the suggested policy remedies. This background provides a context for understanding how current or proposed energy tax policy may affect other policy objectives or be affected by such objectives.
This report discusses air quality initiatives (such as the Ozone Transport Rule) that primarily focus on reducing and enforcing emissions from coal-fired electric generating utilities in the Midwest and South.
The report first reviews the laws and regulations affecting leasing of federal lands for exploration and production of oil, natural gas, and coal, as well as the permits that lessees must obtain in order to explore for and produce these resources. The report also addresses existing laws and regulations that govern the use of federal lands for renewable energy projects, including geothermal, wind, and solar energy.
The report reviews laws and regulations affecting leasing of federal lands for exploration and production of oil and natural gas, which have evolved under a complex leasing system over the last century. The report also addresses existing laws and regulations that affect the use of federal lands for renewable energy projects, including geothermal, wind, and solar energy.
This report discusses air quality initiatives (such as the Ozone Transport Rule) that primarily focus on reducing and enforcing emissions from coal-fired electric generating utilities in the Midwest and South. The report also addresses various legislative activity that focuses on multi-pollutant strategies as an alternative to these piecemeal initiatives.
This report discusses air quality initiatives (such as the Ozone Transport Rule) that primarily focus on reducing and enforcing emissions from coal-fired electric generating utilities in the Midwest and South. The report also addresses various legislative activity that focuses on multi-pollutant strategies as an alternative to these piecemeal initiatives.
After the collapse of Enron Corp. in late 2001, that company's activities came under intense scrutiny. Much of its business consisted of trading financial contracts whose value was derived from changes in energy prices. Enron's derivatives trading was largely "over-the-counter" (OTC) and unregulated: little information about transactions was available. This incident has sparked interest in reform of energy derivatives regulation. This report summarizes energy derivatives regulation and proposed legislation.
The report provides background on the theory and application of tax policy as it relates to the energy sector, particularly with respect to the theory of market failure in the energy sector and the suggested policy remedies. This background provides a context for understanding how current or proposed energy tax policy may affect other policy objectives or be affected by such objectives.
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