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"A Record Buyout Turns Sour for Investors"

The Texas utility formerly known as TXU seems to be turning out a big bust for investors. It's a story that goes back to the political and economic failure of the Bush-era plan to build hundreds of coal-fired electric plants -- and the fact that the go-go pace of natural gas drilling has pushed the price of that commodity down for the long term.

"Struck at the peak of the buyout boom five years ago, the $45 billion acquisition of the Texas energy giant TXU — the biggest leveraged buyout in history — has been a painful investment for its private equity owners.

Source: NY Times, 02/29/2012

Chevy Volt 'Punching Bag' as GOP Slams Obama on Green-Energy Subsidies

"Move over, Solyndra. Conservatives opposed to the Obama administration's spending on clean energy have a new whipping boy.

The electric Chevrolet Volt is the new focus of angry conservative blog posts, testy congressional hearings and joking videos. And Republican presidential candidates Mitt Romney and Newt Gingrich have taken shots at the car's puny sales and size, with Gingrich jeering, 'You can't put a gun rack on a Volt.'

Source: Greenwire, 02/29/2012

"TransCanada Renewing Request to Build Keystone Pipeline"

"TransCanada said Monday that it would reapply for a permit to build the Keystone XL pipeline from Canadian oil sands formations in Alberta to refineries on the Gulf of Mexico, assuring that the fiercely contested project will remain a source of political heat throughout the presidential campaign.

Source: NY Times, 02/28/2012

Like Wyoming, Utah Finds Winter Ozone Pollution Near Oil, Gas Wells

"High levels of winter ozone air pollution have been recorded in a Utah oil and gas field — after the phenomenon was seen in Wyoming — raising concerns that such pollution could become more widespread."

Source: Denver Post, 02/27/2012

"Oil Tank at New Jersey Refinery Leaks Millions of Gallons"

"TRENTON, New Jersey, February 24, 2012 (ENS) - The New Jersey Department of Environmental Protection is downplaying the environmental impact of a large spill from an oil tank at the Paulsboro Refining Company facility in Gloucester County that started Thursday afternoon."

Source: ENS, 02/27/2012

"Ranchers' Land Becomes Ground Zero In Energy Fight"

The proposed Keystone XL pipeline for shipping Canadian tar-sands crude to Gulf-Coast terminals and refineries is likely to be a 2012 election issue. But some ranchers see it as an unwelcome invasion of their property.

Source: NPR, 02/27/2012

"Detroit Gas Prices Increase Over 25 Cents in Week"

"DETROIT -- Average retail gas prices in Detroit have risen over 25.6 cents per gallon in the past week. According to GasBuddy.com this compares with the national average that has increased 11.3 cents per gallon in the last week to $3.64/gallon."

Source: WXYZ, 02/27/2012

"Texas Becomes a Battleground in Keystone Xl Pipeline Controversy"

"AUSTIN -- The politically volatile Keystone XL pipeline is becoming embroiled in a widening controversy in Texas as supporters tout the promise of jobs and other economic benefits while increasingly vocal opponents say the project would trample property rights and endanger water supplies in East Texas."

Source: Ft. Worth Star-Telegram, 02/24/2012

"Military's Alt Energy Programs Draw Republicans' Ire"

"Suspicion is growing among Republican lawmakers that the Defense Department's efforts to move to renewable energy are more about politics than they are about saving lives and boosting security, as officials claim. The Pentagon's green push -- including outfitting Marines and soldiers with solar gear, testing aircraft and ships on biofuels and building renewable power plants at bases -- won supporters from both sides of the aisle over the past year as leaders drew a clear line between the technologies and military might."

Source: Greenwire, 02/24/2012

"Obama Hits Back at Republican Criticism of High Fuel Prices"

"President Barack Obama hit back on Thursday at election-year Republican criticism of his energy policies, offering a staunch defense of his attempts to wean Americans off foreign oil and saying there is no "silver bullet" for high gasoline prices."

Source: Reuters, 02/24/2012

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