Energy & Fuel

"Emanuel Ordinance Grants Exemption for Petcoke"

"Faced with public outrage about gritty black dust blowing through Chicago’s Southeast Side, Mayor Rahm Emanuel talked of forcing towering mounds of petroleum coke out of Chicago and outlawing new piles with costly regulations. But the fine print of a zoning ordinance unveiled Tuesday by the Emanuel administration opens the door for greater use of the high-sulfur, high-carbon refinery byproduct in the city."

Source: Chicago Tribune, 04/02/2014

"Russia Tightens Pressure on Ukraine With Rise in Natural Gas Price"

"MOSCOW — Even as American and Russian diplomats groped toward a settlement that would halt further Russian military intervention in Ukraine, Gazprom, the Russian energy company, stepped up the economic pressure on Tuesday by sharply raising the price it charges for natural gas."

Source: NY Times, 04/02/2014

Crackdown on Russia Risks Also Punishing Western Oil Companies

"As the United States seeks to strengthen sanctions on Moscow for its occupation of Crimea, energy experts say the powerful Russian oil industry would make a robust target. But any penalties on energy investments, technology transfers and financial transactions would most likely also punish Western oil companies like Exxon Mobil that are investing heavily in Russia."

Source: NY Times, 03/28/2014

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