Already reeling from the negative publicity from Time, a new problem emerges from the corn ethanol dilemma. The Competitive Enterprise Institute warns that aside from global warming and food shortage issues, the production of ethanol will also contribute to another environmental bugaboo... deforestation. If production is to be increased, that means land will have to be sacrificed. Which means forests will have to be chopped down to accommodate new farmland. This is even worse for corn, which has a nasty habit of sucking up nutrients in the land. Either way, it looks bad for the fuel. –Stephen Payne, Editor, Oil and Gas Investor This Week; spayne@hartenergy.com
Recommended Reading
DT Midstream to Buy 3 Pipe Networks from ONEOK in $1.2B Deal
2024-11-19 - ONEOK plans to use the proceeds from the sale of the Guardian Pipeline, Midwestern Gas Transmission and Viking Gas Transmission to focus on other operational priorities.
BP Seeks Buyers for US NatGas Pipeline System Stake, Sources Say
2024-12-06 - BP is seeking buyers for a stake in its U.S. natural gas pipeline network, sources say.
ONEOK’s Acquisitions Pay Off with Increased Earnings
2024-10-31 - ONEOK Inc. also announced the completion of its $2.6 billion Medallion Midstream deal.
Pembina Closes $290MM Deal for Stake in Whitecap’s NatGas Facility
2025-01-02 - Pembina Gas Infrastructure closed a CA$420 million transaction to acquire interests in Whitecap Resources’ natural gas processing facility in Alberta, Canada.
Enbridge Among Growing List of Earnings Boosted by Acquisitions
2024-11-01 - Enbridge’s utilities acquisitions and gas transport growth helped to drive earnings in the third quarter.