Energy

That wasn’t exactly the headline on Norimitsu Onishi’s excellent story published June 25 in The New York Times. Onishi’s reporting was presented under the headline, “‘Safety Myth’ Left Japan Ripe for Nuclear Crisis.” But the issues Onishi raised are begging to be probed in the U.S. context.

Following large first-quarter earnings announcements from major oil companies, Senate Finance Committee Chair Max Baucus announced plans to introduce legislation to end tax incentives for the largest oil and gas companies, and President Obama renewed his call to eliminate those benefits for the entire industry.

The market has said "no," but Congress and the White House are still sweetening the pot, hoping to hear "yes."

Roughly 300,000 miles of large-diameter pipeline make up the long distance gas transport system.