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A pipeline of oil money fuels Texas deregulators


Frozen natural-gas equipment led to the state s deadly power outages
March 2, 2021 8:00PM (UTC)
A view of high voltage transmission towers on February 21, 2021 in Houston, Texas. Millions of Texans lost their power when winter storm Uri hit the state and knocked out coal, natural gas and nuclear plants that were unprepared for the freezing temperatures brought on by the storm. Wind turbines that provide an estimated 24 percent of energy to the state became inoperable when they froze. (Justin Sullivan/Getty Images)
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Industry Groups Criticize Biden's Move To Block Keystone XL


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In this Feb. 1, 2012, file photo, miles of pipe ready to become part of the Keystone Pipeline are stacked in a field near Ripley, Okla.
Trade groups representing the oil and gas industry say revoking a key permit needed for cross-border construction of the pipeline will cost jobs. Plus: ExxonMobil is accused of over-valuing a key asset in the Permian Basin.
As expected, Houston s oil and gas industry is adjusting to immediate changes in energy policy from the incoming Biden administration. Among those actions was revoking a key permit needed for the Keystone XL pipeline that would have sent oil from Alberta, Canada to the U.S. Gulf Coast. ....

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