GLG News by DOT Regulation & Policy Experts: Lawyers

Leonard Coburn, President

Leonard CoburnPresidentCoburn International Energy Co 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Russia's Financial Turmoil Forces New Oil Tax Changes

September 23, 2008

Additional Oil Tax Cuts by 2010 | themoscowtimes.com

Russia's primary revenue sources are taxes on oil and gas. Russia's oil taxes have been falling as oil prices fall and Russian oil production stagnates. Additional oil tax changes wil occur to spur new oil productiion and increase revenues.

Robert RosenbergPartnerSLOVER & LOFTUS What is a GLG Scholar?|GLG Scholar denotes Council Members with a CouncilRank(SM) in the top 20%.

Surface Transportation Board Proposes Revising Railroad Cost of Capital Methodology

August 16, 2007

STB Notice of Proposed Rulemaking on Railroad Cost of Capital Methodology | www.stb.dot.gov

The Surface Transportation Board has proposed to change its methodology for calculating the railroad industry cost of capital.  The cost of capital is used for several regulatory purposes.  Lowering the cost of capital, as proposed by the agency, could increase the rate relief available to captive shippers.

Leonard Coburn, President

Leonard CoburnPresidentCoburn International Energy Co 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

A Bosporus Bypass? Maybe.

March 21, 2007

New Pipeline Will Bypass the Bosporus but Involve Russia | www.nytimes.com

1. A Bosporus pipeline bypass would alleviate the congestion in the crowded straits, provide access to a deepwater port, and potentially allow more crude oil shipments from Russia and Central Asia.

2.  Similar proposals for a direct bypass have been discussed for more than a decade and none has come to fruition, with the exception of the BTC pipeline (Baku-Tbilisi-Ceyhan pipeline) transporting crude oil from the Caspian Sea directly to the Mediterranean Turkish port of Ceyhan.

3.  The big question whether the economics and politics are sufficient for the latest proposal and whether the pipeline actually will built.

Leonard Coburn, President

Leonard CoburnPresidentCoburn International Energy Co 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Gas OPEC Not Likely

February 16, 2007

Report: Russia, Iran in talks on gas cartel | money.cnn.com

- Gas is an increasingly important commodity in world energy markets and a price-fixing cartel would raise alarm bells around the globe

- Russia, Iran and Qatar are the three largest gas reserve owners.  President Putin recently visited Qatar to expand energy cooperation.  Russia is close to Iran since it is their supplier for commercial nuclear technology and weapons.  Energy cooperation is high on the Russia-Iran agenda. 

- Despite these contacts, it is unlikely that a gas cartel will emerge due to the significant differences between oil and gas trade.

Leonard Coburn, President

Leonard CoburnPresidentCoburn International Energy Co 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

The Russian Energy Conversation: Implications at the G-8

July 13, 2006

Russian Energy Policy Doesn't Match Its G-8 Talk | online.wsj.com

The article reviews:

-- G-8 Summit
-- Russia Energy Policy
--- European and U.S. Reactions and Policy Implications

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