"A bidding war is heating up among users of corn in the United States as livestock feeders and ethanol makers scramble to lock in supplies before extremely low stocks run dry by this summer."
"The federal government unveiled new fuel economy window stickers on Wednesday, for vehicles starting with the 2013 model year, that for the first time include estimated annual fuel costs and the vehicle’s overall environmental impact."
Regulators from the Commodity Futures Trading Commission filed suit Tuesday against several traders charging they manipulated crude oil markets in 2008, driving up prices.
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.
A Senate hearing tomorroow looks at a dispute over native claims and logging of old-growth timber in Alaska's Tongass National Forest.
"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."
"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."
"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.
"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."
"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."
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