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Lawmakers Seek Investigation of Natural Gas Industry

"Federal lawmakers called Tuesday on several agencies, including the federal Securities and Exchange Commission, the Energy Information Administration and the Government Accountability Office, to investigate whether the natural gas industry has provided an accurate picture to investors of the long-term profitability of their wells and the amount of gas these wells can produce."

Source: NY Times, 06/29/2011

"White House Considers Big Boost To Fuel Economy"

"The Obama administration is telling American automakers that it would like cars and light trucks to average 56.2 miles per gallon by 2025 — a boost to fuel economy that would save consumers money at the pump and help with global warming but drive up the cost of automobiles."

Source: AP, 06/28/2011

"5th Circuit Judges Shrug Off Critics, Hang Onto Oil Investments"

"Despite criticism over perceived ties to oil and gas companies, judges of the New Orleans-based federal appeals court that frequently handles cases affecting the energy industry have made little effort to divest themselves of investments that could create conflicts of interest, according to new financial disclosure statements."

Source: Greenwire, 06/27/2011

"Drilling Down: Insiders Sound an Alarm Amid a Natural Gas Rush"

"Natural gas companies have been placing enormous bets on the wells they are drilling, saying they will deliver big profits and provide a vast new source of energy for the United States. ... [But documents show industry analysts voicing] skepticism about lofty forecasts and question whether companies are intentionally, and even illegally, overstating the productivity of their wells and the size of their reserves."

Source: NY Times, 06/27/2011

US, Allies Tap Oil Reserves To Offset Mideast Turmoil, High Gas Prices

"Wary of a new surge in gas prices, the Obama administration said Thursday it is selling off 30 million barrels of oil from the country’s emergency reserves as part of a broader international response to lost oil supplies caused by turmoil in the Middle East and North Africa, particularly Libya."

Source: AP, 06/24/2011

"Atom Industry Body Urges Cost-Effective Safety"

"Steps to boost atomic safety after Japan's Fukushima accident must be 'cost-effective,' an industry body said on Tuesday, a day after the UN nuclear chief suggested power firms could help pay for expanded safety checks."

Source: Reuters, 06/22/2011

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