Likewise, Olivier de Langavant, Total's country manager in Myanmar, says that another oil firm would step into the breach if Total pulled out just as Malaysia's Petronas is happily replacing Premier.
Congress recently held a hearing about it, and the energy bill before lawmakers would step up oil shale development on federal land.
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There are some who say we should have -- as the President alluded to yesterday -- a three-step approach to dealing with oil prices in this country, which is -- step one is we should drill, the second step is that we should drill some more, and the third step is that we should keep drilling.
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But not only did the Obama Administration not do anything to enable the technological breakthroughs that produced these results, it has actually fought increased oil and gas production every step of the way, and has continually threatened the fracking technology that has made the sharply increasing American production possible.
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And just yesterday, we announced the next step for potential new oil and gas exploration in the Atlantic.
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The use of booms from the Gulf oil spill is just the latest step GM has taken towards meeting its company-wide waste reduction goals.
As the EU buys 20% of Iran's oil exports this was a significant step, although the UN says Iran continues to advance its nuclear programme.
Now, the good news is my administration has already taken several actions to step up oversight of oil markets and close dangerous loopholes that were allowing some traders to operate in the shadows.
Lately, everything has dropped, from copper and oil to zinc and silver, but step back a moment.
As background, hydraulic fracturing is a multi-step process commonly used in oil and natural gas drilling to bolster eventual production from wells.
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Moving out of the laboratory and onto the water, with a working oil-collection system, is the next step.
Certainly, the Obama Administration's recent placement of sanctions against Venezuela's state oil company, PDVSA, is a positive step.
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"We make a major step toward reducing our dependence on oil, confronting global climate change, expanding production of renewable fuels and giving future generations a nation that is stronger, cleaner and more secure, " Bush said.
The stage is set, Grice says, for a permanent step up in grain prices, just as oil prices jumped following the 1973 Arab oil embargo.
Using his country's oil money and an oil price over seventy dollars per barrel, the first step is to build strong support within Latin America.
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If a stable column of mud has been set up in the well, keeping the oil at bay through its sheer weight, the next step would be to set cement in the well and seal it off permanently.
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While the general public may still look at the electric car as a novelty, its advocates see the coming wave of new models and stations as a big step toward eliminating this country's use of oil, especially foreign oil, and helping the planet.
"The agreement is a great step forward for the protection of the Arctic from an oil spill because it sets up a system for the states to co-operate in practice, " he said.
Conclusions: as social unrest continues in MENA, and high demand from emerging markets keep the markets tense, Saudi Arabia will have to step in to offset supply constraints. (Read Oil Services Will Gain From Saudi Production Hike).
Last year Rex Tillerson, chief executive of Exxon Mobil, took a step back from stock buybacks and allowed IBM to replace his oil behemoth as the U.S. stock repurchase leader.
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An interesting note in the financial statements was the news that in September Suncor become the first oil sands company to complete surface reclamation of a tailings pond, a key step in returning the site back to nature.
Finally, the third step we should take is to eliminate the taxpayer subsidies we give to oil and gas companies.
WHITEHOUSE: Weekly Address: Expanding Responsible Oil Production in America | The White House
The first step towards the Bolivarian dream had been Petrocaribe - a scheme to provide cheap oil to the countries of Central America and the Caribbean that depend on imports.
Yudhoyono convincingly did slash fuel subsidies in October, boosting street prices 125% in a much-anticipated step to stanch fiscal bleeding and to reduce demand for and smuggling of mispriced oil.
Meanwhile, the stricter U.S. sanctions, which won't fully take effect until summer, will go one step further, likely reducing the volume of Iranian exports by shutting buyers of Iranian oil out of the U.S. financial system.
That's the first step toward booting him and adopting a sensible plan for developing the country's enormous heavy oil reserves.
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