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"The Fracking Industry Buys Congress"

The damage that the natural gas production method known as hydrofracturing ("fracking") can do to water wells and streams is hard to document because of a federal law prohibiting disclosure of chemicals drilling companies inject underground. There are almost no federal regulations protecting the public from fracking pollution. "Why? The answer is money. The oil and gas industry has reaped billions in profits from fracking. And since 1990, they've pumped $238.7 million into gubernatorial and Congressional election campaigns to persuade lawmakers that fracking is safe, which has effectively blocked federal regulation."

Source: ENS, 02/17/2012

"Restore Act Measure To Boost BP Cleanup Passes House"

"The House approved an amendment Thursday pushed by Gulf State lawmakers to dedicate 80 percent of the fines collected from the BP oil spill to a trust fund for coastal restoration of Mississippi, Florida, Alabama, Louisiana and Texas."

Source: McClatchy, 02/17/2012

"Obama's Budget Nixes New Money For Program That Funded Solyndra"

"WASHINGTON -- In a quiet shift from the past two years, President Barack Obama's 2013 budget includes no new money for the Department of Energy loan guarantee program, the same program that House Republicans have scrutinized for losing more than $500 million in taxpayer dollars to the now-defunct solar power company, Solyndra."

Source: Huffington Post, 02/15/2012

"Mexico Oil Watchdog Sounds Alarm"

"Mexico's oil regulator is sounding an alarm over plans by the country's state oil monopoly to drill two ultra-deep-water wells near U.S. waters this year, saying neither the company nor his commission is prepared to handle a serious accident or oil spill there.

Source: Wall St. Journal, 02/15/2012

"TransCanada's Keystone Pipeline Schedule Extended Again"

TransCanada Corp, the backer of the Keystone XL pipeline project, on Tuesday again pushed back its already delayed schedule for building the pipeline. That may signal that the company believes current GOP gymnastics in Congress, trying to force the pipeline to be built, will have little effect -- but that conditions will be more favorable after the 2012 election.

Source: Reuters, 02/15/2012

"Congressman Introduces Bills To Stop US Natgas Exports"

"The United States should stop exports of natural gas to prevent domestic prices from rising, Democratic Congressman Edward Markey said on Tuesday while introducing two bills in the House of Representatives to prevent shipments.

The bills, which would face an uphill battle in the Republican-controlled House, come as U.S. regulators consider applications for exports of a glut of natural gas that has weighed down prices and caused some companies to step back from drilling.

Source: Reuters, 02/15/2012

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