January 25, 2013

It Pays to Own an Energy Pipeline. Thanks, Tax Code

Zach Mider, BusinessWeek

Google Images

Getting stiffed for the top job at Enron was the best thing that ever happened to Richard Kinder. In 1996, Kinder, then the company’s president, was beaten out for the chief executive slot by his college buddy Kenneth Lay. So Kinder struck out on his own. He and a partner, Bill Morgan, paid $40 million to acquire “sleepy, old pipelines” from Enron, which was shifting its focus from delivering energy to trading gas and power. . .

Read Full Article ››

TAGGED: Kinder Morgan, Tax Code, Taxes, Energy Industry, Enron, Oil Pipeline, Oil, BusinessWeek


The rise and fall of Enron Corp. is Exhibit A by government advocates for increasing regulation of what is seen as unbridled, market-failure-ridden capitalism. As one economics textbook states: “The story about Enron... more ››
October 25, 2013
Hackers Have Big Oil in Their Crosshairs
Neal Ungerleider, Fast Company
When you think of cloak-and-dagger online attacks, you don't normally think of the energy and oil industries. However, a new study claims that energy companies are a huge target for hackers. . . more ››
October 21, 2013
Fugitive CEO Shows Hungary-Croatia Power War
Z. Simon, Bloomberg
After pushing to kick foreign energy companies out of Hungary, Prime Minister Viktor Orban is getting a taste of his own medicine from neighboring Croatia. . . more ››
Towards the end of Dan Brown’s thriller, Inferno, readers are treated to an apocalyptic theory that human population growth, spiking now at a near 75-degree angle after its gradual incline these past few millennia, threatens to... more ››
October 21, 2013
Oil Supply Vulnerable 40 Years After Embargo
Wendy Koch, USA Today
In 1973, Archie Bunker's All in the Family topped TV rankings and Tony Orlando's Tie a Yellow Ribbon 'Round the Ole Oak Tree led Billboard charts. On the economic front, the United States depended heavily on foreign oil. . . more ››