International Energy Agency cites US and others on fuel waste
The International Energy Agency accused the United States and several other nations of wasting fuel resources amid cheap prices. It urged price rises to reflect energy value, praised some US conservation efforts, and criticized Canada, Switzerland, and others for weaker policies. US prices remain well below world levels.
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Zarb to weigh oil overcharges case by case
Federal Energy Administrator Frank Zarb told a House subcommittee he will not grant blanket approval to let refiners keep millions in overcharges. He said the exact amount is uncertain, perhaps 24 million to 3 billion, and will be judged case by case after audits.
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