Railroad Commissioner Opposes CLEAR Act

By Dallas Business Journal

Texas Railroad Commissioner Elizabeth Ames Jones says she opposes a federal energy bill because it would take away power from her agency.

The Consolidated Land, Energy and Aquatic Resources Act (also known as the CLEAR Act) has been through hearings and approved by the House Natural Resources Subcommittee.

⿿This bill usurps the states⿿ authority over oil and gas exploration in their state waters,⿝ Jones said in a statement released today.

She urged the Texas congressional delegation to oppose the bill.

The Texas Railroad Commission oversees oil and natural gas drilling, including near-shore drilling in the Gulf of Mexico. The office doesn't oversee railroads.

Oil and gas industry groups, including the American Petroleum Institute, have also opposed the act.

Copyright 2010 American City Business Journals

http://dallas.bizjournals.com/dallas/stories/2010/07/26/daily34.html?ana=thestreet

Copyright bizjournals.com 2010

More from Commodities

Goldman Is Bullish on Oil, Sees Demand Outweighing Inventory Concern

Goldman Is Bullish on Oil, Sees Demand Outweighing Inventory Concern

Market Bears Have Devoured Gold Prices

Market Bears Have Devoured Gold Prices

Chevron Falls With Crude After Mizuho Analyst Touts Its Mega-Assets

Chevron Falls With Crude After Mizuho Analyst Touts Its Mega-Assets

Oil Falls as J.P. Morgan Cuts Price Forecast, Producers Ramp Up Drilling

Oil Falls as J.P. Morgan Cuts Price Forecast, Producers Ramp Up Drilling

Gold to Skyrocket as Italian Rebellion Unfolds

Gold to Skyrocket as Italian Rebellion Unfolds