...Frank Murkowski's spokeswoman, Becky Hultberg, said he would not be inclined to veto the Galena study. Group cites oil firms' big profits ANCHORAGE - Oil companies made more than $5 billion in profits in 2004 and are looking at lucrative business...

...their earnings on Alaska investments. The problem is the state is largely in the position of accepting at face value what oil firms claim they're spending on reinvestment. I question if the honor system is a wise means to this end, but the alternative...

For the second time in two days major oil company executives on Tuesday told Alaska lawmakers that a proposed 20 percent tax on net profits is high enough.

...the oil industry has established two task forces to examine its own safety standards and procedures. We can expect oil firms to learn useful lessons from the accident, keeping in mind that any form of energy development poses safety and environmental...

...bring hundreds of new jobs. They may not be the large finds of the 1960s and they may attract the interest of mid-sized oil firms, rather than the super majors. These companies will only invest if they are not punished by heavy taxation. For example...

...us home," than the United States will have lost its ability to dictate the terms of access to Iraqi oil for U.S. oil firms. Perhaps this is what is meant by "defeat in Iraq would be a disaster for the U.S." Indeed, Bush's apparent commitment...

A group of Alaska lawmakers and former Gov. Walter Hickel say oil producers are intentionally delaying construction of a $20 billion natural gas pipeline and the time has come to pressure them into a deal.

Alaska legislators on Monday questioned oil producer ConocoPhillips executives' fears about a proposed tax hike when the industry is seeing record profits.

...about it? Another sign of progress was the announcement that the Iraqi government will award contracts to 41 foreign oil firms in an effort to increase production. It's the first time foreign energy companies have been allowed in Iraq since Saddam...