The Week Ahead (May 14-18)
May 11, 2007
03:52 PM
On Tuesday, May 15, the Full Committee will receive testimony on the Short-Term Energy Outlook Summer 2007: Oil and Gasoline. With Memorial Day travel and the start of summer driving only weeks away, Americans are paying near-record gasoline prices. At $3.054 per gallon, according to the Energy Information Administration’s (EIA) weekly retail price survey [May 7], this is 1.5 cents shy of the all-time record (in nominal dollars) of $3.069 a gallon set on Sept. 5, 2005 – about a week after Hurricane Katrina. EIA predicts prices could climb back again above $3 a gallon in August, should demand at the end of summer surge, as it often does.
With this year shaping up to be one in which consumers will likely see high gasoline prices throughout the summer, Senate Energy will examine the dynamics which are contributing to these near-record prices: the refining markets, the consumer markets, the investments markets, etc. Witnesses include Guy Caruso, EIA Administrator; Paul Sankey, managing director, Deutsche Bank; Kevin Lindemer, executive managing director, Global Insight; and other experts. (Dirksen 366 at 10:00 a.m.)
On Tuesday, May 15, the Subcommittee on National Parks will receive testimony on S.553, to amend the Wild and Scenic Rivers Act to designate certain segments of the Eightmile River in Connecticut as components of the National Wild and Scenic Rivers System; S. 800, to establish the Niagara Falls National Heritage Area in New York; S. 916, to modify the boundary of the Minidoka Internment National Monument to establish the Minidoka National Historic Site, to authorize the Secretary of the Interior to convey certain land and improvements of the Gooding Division of the Minidoka Project, Idaho; S.1057, to amend the Wild and Scenic Rivers Act to designate certain segments of the New River in North Carolina and Virginia as a component of the National Wild and Scenic Rivers System; S.1209, to provide for the continued administration of Santa Rosa Island, Channel Islands National Park, in accordance with the laws (including regulations) and policies of the National Park Service; S.1281, to amend the Wild and Scenic Rivers Act to designate certain rivers and streams of the headwaters of the Snake River System as additions to the National Wild and Scenic River System; H.R. 161, to adjust the boundary of the Minidoka Internment National Monument to include the Nidoto Nai Yoni Memorial in Bainbridge Island, Wash.; H.R. 247, to designate a Forest Service trail at Waldo Lake in the Willamette National Forest in Oregon as a national recreation trail in honor of Jim Weaver, a former member of the House of Representatives; and H.R. 376, to authorize the Secretary of the Interior to conduct a special resource study to determine the suitability and feasibility of including the battlefields and related sites of the First and Second Battles of Newtonia, Mo., during the Civil War as part of Wilson's Creek National Battlefield, or designating the battlefields and related sites as a separate unit of the National Park System.
Witnesses include Daniel Wenk, deputy director for operations, National Park Service; Joel Holtrop, deputy chief, National Forest System; Jack Dennis, honorary chairman, Campaign for the Snake Headwaters; Dr. Timothy Vail; George Santucci, executive director, National Committee for the New River and Tom Ikeda, executive director, Densho: The Japanese American Legacy Project. (Dirksen 366 at 2:30 p.m.)
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