Colorado Fifth District Congressman Doug Lamborn (R-Colorado Springs) is holding a hearing this morning in Denver on proposed federal regulations governing the drilling process known as hydraulic fracturing.
Natural gas pipeline company Energy Transfer Partners is buying Sunoco in a deal valued at about $5.3 billion.
The acquisition would give Energy Transfer the capability to transport crude and other liquid hydrocarbons that are being produced in greater quantities thanks to the boom in shale drilling. Sunoco's pipelines crisscross the country, connecting the Great Lakes and Northeast to America's refining center along the Gulf Coast.
Five years ago, ethanol was seen as the next big thing to wean the U.S. off foreign oil. Then some studies on the corn-based fuel cast doubt on its environmental benefits, and auto companies turned their attention to hybrids and electric cars. The hype died off, but the ethanol industry is alive and well, driving a big change in America's corn consumption.
Rising up out of the corn fields outside Lake Odessa, Mich., is the ethanol refinery for Carbon Green Bioenergy. The company's CEO, Mitch Miller, says a lot of refineries were popping up when this one was built in 2006.
Originally published on Tue April 24, 2012 12:31 pm
"The first criminal charges in connection with the BP oil spill have been filed against a former BP engineer named Kurt Mix," NPR's Carrie Johnson reports exclusively.
Carrie just told our Newscast unit that Mix has been charged with obstruction of justice for allegedly deleting text messages after the spill. The texts were related to the amount of oil gushing into the Gulf. Mix will make his first appearence in court today.