At the Republic Report, Lee Fang details how the Koch Industries petrochemical empire is involved in the boom in natural gas hydrofracturing.
The right-wing Koch brothers have developed a vertical empire designed to extract wealth from every point in the hydrocarbon lifecycle. A small fraction of their profits is funneled into corrupting our political system, in order to prevent government from protecting society against the costs of the waste products.
The October 2011 issue of Discovery, the in-house Koch Industries newsletter, explains how the Koch Industries empire is profiting from the “really exciting”fracking boom:
– 1. Koch Pipeline is partnering with NuStar Energy to develop a dormant pipeline from Pettus, TX to refineries in Corpus Christi. The pipeline will transport natural gas from fracking sites in southern Texas. Koch Pipeline is a Koch Industries subsidiary.
– 2. Flint Hills Resources recently purchased a small craft pier and wharf in Ingleside, TX to store shipments of natural gas from fracking operations in the Eagle Ford shale formation. Flint Hills Resources is a Koch Industries subsidiary.