Press Esc to close

WorldOil

CONTENT PREVIEW

For full content view: Log in Now!

  • World of Oil


    Kurt S. Abraham, Managing/International Editor

    After months of work by congressional and industry backers, the omnibus energy bill stumbled just short of the finish line, thanks to a plank related to the gasoline additive, MTBE. By a 57-40 vote, senators failed to invoke cloture (the procedure to end debate and force a final vote) on the bill, blocking it from final consideration. An unlikely mix of environmentalists and fiscal conservatives blocked the bill, based on a section that contained MTBE lawsuit restrictions. They also objected to the bill’s $25.7 billion in tax breaks and $5.4 billion in federal spending. “I warned our Republican friends that they were going to load up this bill to a point where it couldn’t pass,” said Sen. Minority Leader Tom Daschle (Democrat – South Dakota), who did support the bill. Senate Majority Leader Bill Frist (Republican – Tennessee) was more succinct: “We just couldn’t get all sides to agree.” Along with Sens. Pete Domenici (Republican – New Mexico) and Larry Craig (Republican – Idaho), IPAA and API vowed to bring the bill back for consideration this month, as quickly as possible. “All policy choices are compromises; some of them are difficult ones,” lamented IPAA.

This area of the site is restricted. In order to gain access, please either Log In, or subscribe to World Oil.

Two options are available to you for creating an account.

1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.

Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.

Free Trial


2. Purchase a subscription to World Oil magazine and gain immediate and complete access to World Oil Online. As a Total Access subscriber you will have access to all areas of the site available to registered users and free subscribers as well as having access to such premium content areas as:

  • The Archives section containing over ten years of complete magazine archives,
  • The WO DataHub's engineering tables and directories,
  • The World Oil annual forecasts, including past predictions,
  • Select World Oil technical handbooks,
  • And much, much more!

Subscribe


Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.


If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.

WO DATA HUB

EngineeringTablesIcon-Large

Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.

WO SUPPLEMENTS

2013 Fracturing Technology

2013 Fracturing Technology

ENERGY EVENTS