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Bus. Devt: Changing U.S. Energy Policy – Brother Can You Spare an IDC? PLEASE NOTE - WHILE ONLINE REGISTRATION IS CLOSED, THERE WILL BE AMPLE ROOM FOR

Join the Business Development Study Group at the Four Seasons Hotel as we hear from three distinguished speakers on proposed changes in U.S. energy policy and their potential impact on the domestic natural gas industry. The popular format of a Business & Social Networking ¾ hour, with complimentary Hors’ D’ Oeuvres and a cash bar, followed by an hour-long program, will begin at 6:00 pm in the Mezzanine. [Note the new time for this event]

With falling prices, shrinking demand, and the specter of armadas of NGL tankers, the industry was already braced for challenges in 2009. Recently proposed changes in U.S. Energy Policy contain a list of items that could substantially impair future gas sector investment: termination of key tax incentives, changing lease availability/requirements, increasing other taxes and royalties, cap-and-trade costs. How many of these programs will be enacted? How quickly will they be implemented? What will be the impact on industry? Will some sectors fair better than others? How can industry blunt the impact of these new threats?

Location: FOUR SEASONS HOTEL, 2nd Floor Mezzanine and Meeting Rooms - Hors D’Oeuvres Provided, Cash Bar
1300 Lamar St., Between Caroline & Austin
Houston , Texas 77010

Date: May 20, 2009, 6 p.m. - May 20, 2009, 7:30 p.m.