"U.S. Suit Sees Manipulation of Oil Trades"
Regulators from the Commodity Futures Trading Commission filed suit Tuesday against several traders charging they manipulated crude oil markets in 2008, driving up prices.
Source: NY Times, 05/25/2011
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"Herman Cain's Enron-esque Disaster"
Herman Cain, who recently threw his hat into the ring of GOP presidential contenders, likes to say that what he lacks in political experience he makes up for with his background in business. That may not be a plus. Cain's business "experience" includes a stint on the board of Aquila, which pushed its employees to invest their retirement savings in company stocks and then speculated wildly in energy markets, wiping out most of the company's value.
Source: Mother Jones, 05/24/2011
"Congress Probes Land Deal in Alaska's Tongass Forest"
A Senate hearing tomorroow looks at a dispute over native claims and logging of old-growth timber in Alaska's Tongass National Forest.
Source: McClatchy, 05/24/2011
"Democrats Probe Koch's Interest in Oil Sands Pipe"
"Democratic U.S. lawmakers have asked Congressional panels to look into whether Koch, an energy company led by brothers who are powerhouses in conservative politics, will benefit if the Obama administration approves a $7 billion pipeline to bring crude from Canada into the United States."
Source: Reuters, 05/23/2011
"Head of Japanese Utility Steps Down After Nuclear Crisis"
"The president of Japan’s troubled power company, Tokyo Electric Power, resigned Friday, shouldering responsibility for the crisis at the Fukushima Daiichi nuclear plant as the utility booked one of the largest yearly losses in Japanese corporate history."
Source: NY Times, 05/20/2011
Independent Investigation Blames Massey, Lax Regulation for 29 Deaths
"A team of independent investigators has concluded that a corporate culture at Massey Energy put coal production before safety, prompting a collection of major safety infractions that caused the Upper Big Branch Mine Disaster." Their report also faulted state and federal mine safety regulators for lax enforcement.
Source: Charleston Gazette, 05/20/2011
"Oil Pipeline Foes Sue State Department for Release of Documents"
"Opponents of a pipeline that would nearly double U.S. imports of Canadian oil-sands crude sued the State Department today in a bid to force speedy disclosure of any contacts it made with a lobbyist for the pipeline's sponsor."
Source: Greenwire, 05/19/2011
"BP Deal With Russian Oil Giant Collapses"
"The disputed share swap and oil exploration agreement between BP and the Russian state-owned company Rosneft has collapsed, leaving some BP investors questioning the company’s future strategy and freeing Rosneft to look for a new partner in Russia."
Source: NY Times, 05/19/2011
"Solar Plane Makes Maiden International Flight"
"A solar energy plane made the world's first international flight powered by the sun on Friday to show the potential for pollution-free air travel."
Source: Reuters, 05/17/2011
Senate Panel Head Says Clean Energy Bill, Oil Subsidy Repeal Unlikely
The chairman of the Senate Energy Committee says the Senate is unlikely to pass either "clean energy" legislation or a repeal of oil subsidies.
Source: Greenwire, 05/17/2011
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