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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Tomas who wrote (83615)	1/6/2001 12:34:06 AM
From: Tomas	Respond to of 95453

What's Ahead in 2001 - World Oil Magazine, current issue worldoil.com World Oil, Columns worldoil.com

To: Tomas who wrote (83615)	1/6/2001 8:14:25 AM
From: Second_Titan	Respond to of 95453

What will the New Year hold for energy? Perhaps a better understanding of Clinton's mismanagement of energy policy? US Senator Links Clinton Lands Policy To Energy Woes Dow Jones Newswires WASHINGTON -- Sen. Frank Murkowski, R-Alaska, has linked President Bill Clinton's policy of unilaterally placing federal land off limits to development to the country's current energy-price spikes. Murkowski, who chairs the Senate Energy and Natural Resources Committee, said Clinton illustrated this link Friday by placing 58.5 million acres of federal land off-limits to new development under a roadless forests initiative. The senator accused the White House of deliberately suppressing Department of Energy data on natural gas reserves "so that the rule could go forward without consideration of the impacts on the current energy crisis." The DOE estimated the area being put off-limits Friday holds 23.1 trillion cubic feet of natural gas reserves, or about one year of current U.S. gas demand. Murkowski said environmental pressures have led to an overreliance on natural gas in the electricity market at the same time that Clinton's restrictions on federal lands make it difficult to find the gas needed to fuel power plants. The senator described Friday's roadless forests initiative as a last-ditch effort by Clinton in the final days of office and said he was "quite confident" the courts would overturn it. The Senate will also hold hearings on Clinton's initiative during the first quarter to consider whether to overturn it by Congressional resolution, he said. The gas reserves that would be put off-limits by Clinton's order are located in Rocky Mountain states. Current production and activity on already-awarded leases would not be affected by the order, but future oil and gas exploration would be prohibited.