Oil giants face tougher ride in Washington as profits surge
The three largest U.S. oil and gas companies are set to report over 16 billion dollars in combined first quarter profits, a 19 percent rise that heightens political pressure in Washington. President Bush grants the EPA power to waive clean-fuel rules, while lawmakers push windfall taxes, probe consolidation, and threaten hearings amid consumer anger and industry caution.
MENTIONED IN THIS ARTICLE
Washington
Bush
Environmental Protection Agency
Congress
Paul Cicio
Bush proposes plan to curb gas prices as summer looms
President Bush urged lawmakers to expand fuel efficient vehicle tax credits and repeal oil company tax breaks while halting emergency reserve releases. He warned drivers that prices will stay high and energy experts predict a persistent strain through summer despite a slight futures dip.
MENTIONED IN THIS ARTICLE
Washington
Bush
Renewable Fuels Association
New York Mercantile Exchange
Profit pumping by nation's three largest oil firms
The three biggest U S oil and gas companies report sharp first quarter profit increases. Details include higher production and refining margins that boosted earnings for all three, signaling robust industry performance amid market volatility.
Odessa College president to step down in August
Vance Gipson will leave the Odessa College helm when the new school year starts in August. He plans to return as a full time professor in social sciences, specifically political science. Gipson has led the college since 1995 and will transition to emeritus duties.
MENTIONED IN THIS ARTICLE
Vance Gipson
Odessa College
Gipson
Fifi Grounded Delays Air Show Return
Fiji the world’s only flyable B 29 Superfortress will remain grounded after engineers found engine problems days before a planned flight to Atlanta for an air show. Kay Crites of the Commemorative Air Force said the setback delays Fiji’s public appearance as crew members inspect oil lines at the Midland hangar.
MENTIONED IN THIS ARTICLE
Midland Fifi
Atlanta
Kay Crites
Commemorative Air Force
CAF
Fiji
FIFI
Kevin Buehler
Odessa
Andy Bivens
Midland International Airport
China Lake
Calif
Andrews proposed reactor teased in editor's note
Officials debated placing a next generation plant in Andrews County last October, potentially the first U S soil reactor in 30 years. General Atomics designed the core for a Very High Temperature Teaching and Test Reactor to be cooled by helium and powered by encapsulated fuel pellets, a modular reactor concept showcased by a General Atomics engineer.
MENTIONED IN THIS ARTICLE
Andrews County
U.S
General Atomics
Craig Stevens
U.S. Department of Energy
Chernobyl
Three Mile Island
Permian
Ken Schultz
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THE
Associated Press
OIL and Gas News
Page SA
White House
ExxonMobil
Chevron
West Texas
Mark Sterkel
Midland County
Permian Basin
Helm
More Inside
of Trustees
Andrews
BY Jennifer Edwards
San Diego
Alan Baxter
Nuclear Engin
Eering
MHR
Andrews Nuclear
Jennifer Edwards
Atomics
Desert Reel Film Festival
Desertreel.com
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