Oil and Gas

6:30am

Wed May 2, 2012
Environment

Fracking the Focus of Congressional Hearing at Colorado Capitol

An oil and gas rig in Weld County, Colo.
Photo by Kirk Siegler

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.

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11:11am

Mon April 30, 2012
Business

Energy Transfer Partners To Buy Sunoco For $5.3B

Sunoco operates about 4,900 gasoline stations around the United States.
Alex Brandon AP

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.

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11:05am

Mon April 30, 2012

2:45am

Thu April 26, 2012
Business

After Backlash, Ethanol Industry Is Thriving

Originally published on Thu April 26, 2012 11:28 am

Young corn plants grow next to the Guardian Energy ethanol plant in Janesville, Minn. Five years ago, the U.S. government projected that in 2012, ethanol production would use up 30 percent of the nation's corn supply. Last year, it used 40 percent.
Glen Stubbe MCT/Landov

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.

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10:24am

Tue April 24, 2012
The Two-Way

Government Files First Criminal Charges In BP Oil Spill

Originally published on Tue April 24, 2012 12:31 pm

Fire boats battle a fire at the off shore oil rig Deepwater Horizon in April of 2010.
U.S. Coast Guard Getty Images

"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.

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