Jonathan H. Harsch

If all goes as planned by the Senate?s new GOP leadership, the first legislation to land on the chamber?s floor will be the ?Keystone XL Pipeline Approval Act? authorizing construction of the controversial pipeline to ship Canadian tar sands oil to Texas refineries.

U.S. crude oil prices closed below $60 a barrel last week, the lowest level in over five years and nearly 50 percent below last summer’s peak

the nonpartisan Congressional Budget Office (CBO) reported Tuesday that it could be difficult to comply with the steadily increasing ethanol volumes which the law mandates.