Last month, Seahawk Drilling declared Chapter 11 bankruptcy and announced the sale of its assets to shallow-water driller Hercules Offshore. This devastating decision was the culmination of a long period in which we found our customers unable to secure permits for work in the Gulf of Mexico despite the fact that both our industry and our company have excellent safety records. In the 11 months after the Deepwater Horizon accident, it became clear that Seahawk's greatest rival was no longer our industry competitors but the U.S. government.
WASHINGTON, DC - House Energy and Commerce Committee Chairman Fred Upton (R-MI) today issued the following statement on the one year anniversary of the health care law:
Energy and Power Subcommittee will Hold Field Hearing to Examine Impacts of EPA Regulations on the State of TexasMarch 21, 2011 | Press Release
WASHINGTON, DC - The U.S. House Energy and Commerce Subcommittee on Energy and Power, chaired by Rep. Ed Whitfield (R-KY), will hold a field hearing in Houston, Texas, on Thursday, March 24, 2011, at 9:30 a.m. to discuss the impact of the Environmental Protection Agency's greenhouse gas and Clean Air Act regulations on Texas' economy, energy prices, and jobs.
Lori Ann LaRocco, CNBC Sr. Talent Producer(03/18/2011) CNBC has learned before President Obama leaves for Rio, he'll be getting a letter signed by more than 18 GOP Governors calling on the President for more energy options. The detailed letter obtained by CNBC lays out concerns over the EPA's policy and regulatory initiatives "within the next five years which will significantly impact the energy industry, increase burdensome costs to consumers, and hurt the competitiveness of U.S. manufacturers."
WASHINGTON, DC - Energy and Commerce Chairman Fred Upton (R-MI) and Communications and Technology Subcommittee Chairman Greg Walden (R-OR) today released the following statement regarding AT&T's announcement of its plans to acquire T-Mobile USA:
The President still doesn't get it. In the wake of political unrest in the Middle East and $100/barrel oil, the President has embraced Brazil's ability to develop its own resources - yet he fails to do the same in North America.