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| Lawmaker Urges Oil-Reserve Accounting Overhaul |
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"The time is past for lengthy study," said U.S. Rep. John Dingell of Michigan, the ranking Democrat on the House Energy and Commerce Committee, in a letter to regulators, in reference to sharp, unexpected cuts by Anglo-Dutch energy group Royal Dutch/Shell Group in its reserve accounts. The U.S. House of Representatives Financial Services Committee is scheduled to hold a hearing on Wednesday on energy reserve accounting issues. Dingell asked regulators in May for an update on reserve accounting. He said he was underwhelmed by a seeming lack of urgency in their responses.
Reuters
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Posted on Tuesday, July 20 @ 21:33:42 PDT by admin |
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