Energy & Fuel

"Need for Keystone XL Erodes As US Oil Floods Gulf Coast Refining Hub"

"The ongoing U.S. oil boom has flooded the Gulf Coast with domestic crude to levels not seen in decades, creating a homegrown oil glut in the nation's refining center just as the Obama administration prepares to rule on a pipeline that would add a torrent of heavy Canadian crude to the same region."

Source: InsideClimate News, 11/08/2013

"Nuclear Giant Taps Wind Tax Credit That It's Trying To Kill"

"The country's largest nuclear plant operator, Exelon Corp., has publicly fought to torpedo the wind industry's coveted production tax credits, calling them financial threats to its reactors in the Midwest. But the Chicago-based utility is also cashing in on those credits, known as PTCs."

"Exelon's third-quarter earnings results released last week show the company benefiting from the tax incentives that provide wind developers with $23 for every megawatt-hour of electricity they produce. Details about which of Exelon's 44 wind projects generate the PTCs are private."

Source: Greenwire, 11/07/2013

"Firm Applies To Build Largest Pipeline Yet From North Dakota"

"BISMARCK, N.D. -- A Canadian company has applied to build the largest oil pipeline yet from western North Dakota's booming oil patch and will soon begin courting oil producers to reserve space, a key step in a $2.6 billion project that would move millions of gallons of oil to Minnesota and Wisconsin."

Source: AP, 11/06/2013

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