Enron and Bush energy policy: news roundup 17 June 2004

FERC orders California to pay Enron and other energy companies $250M, the very companies that the state argues should be refunding $9 billion to California for market rigging during the power crisis three years ago. Meanwhile, questions are raised about Cheney’s knowledge of price fixing. And Bush attempts to revive failed Ken Lay inspired energy policy.

Raymond: Facing Some Of The Hard Truths About Energy

For a variety of reasons, we expect fossil fuels to provide about 80 percent of the energy used in 2020, and to increase — and I emphasize increase — in absolute magnitude by about 65 million oil equivalent barrels per day. Just how much is 65 million barrels per day? Well, it is close to eight times Saudi Arabia’s current crude oil production.