automobile sales by 2020 according to two studies one by the electric industry group Electric

automobile sales by 2020, according to two studies, one by the electric industry group Electric Power Research Institute and the environmental group National Resources Defense Council, and the other by the U.S. You look at him, and you wouldn't thinkhe had two cars in his garage. He's very laid-back, modest, hasa built-in smile on his face, kind of like a Ronald Reagan,"said oilman George Strake. Duncan earned a reputation for creating "win-win" deals andforming enduring personal relationships while building hisbusiness. "In this business, everyone has the same product," Duncantold the Houston Chronicle in April 2006.

"What's unique,besides your assets and staff, is your relationships. If youearn people's trust, you'll receive the first call when theywant to make a deal."Analysts and traders familiar with the companies say thatDuncan has turned Enterprise from a brick and mortar pipelineoperator into a lean and aggressive operator building newinfrastructure when it isn't pursuing acquisitions. TEPPCO said on Monday it had agreed to be bought byEnterprise in a deal worth $3.3 billion. [ID:nN29374081] Duncan was not available for comment on Monday. HELICOPTER CONTROVERSY Duncan's low-profile status was shattered by a 2007investigation into a 2002 hunting trip to Russia during whichhe shot a moose and a sheep from a helicopter. The recipient of several awards from Safari ClubInternational was never charged with a crime for the huntingincident, and he told a U.S. grand jury he took the shots atthe instruction of a guide and assumed it was legal.

Only later did he learn that hunting from aircraft, longillegal in the United States, was also illegal in Russia andthat bringing home the trophy might have violated U.S lawagainst trafficking in illegal kills. Duncan's philanthropic endeavors have also gained him famein Houston, where he has given more than $200 million tomedical and educational institutions. He has cited as his key influence his grandmother, whoraised him in East Texas during the Great Depression after hismother died of tuberculosis when he was 7 and his father tookto traveling the country to find work When Duncan was 17, hisfather died from leukemia. Although his trousers were threadbare, Duncan excelledscholastically and gained the respect of his peers as anathlete and a "nice person," one classmate told the Chronicle. He worked as a roughneck in the oilfield and did a stint inthe U.S Army before heading to business school. He joined asmall, independent pipeline company, Wanda Petroleum, in the1950s, and went out on his own when that company was sold in1968. (Additional reporting by Joshua Schneyer in New York; editingby Matt Daily and Gunna Dickson in New York) Stocks Russia.

HOUSTON (Reuters) - Allen Stanford will spend Monday night in jail after U.S. prosecutors told a federal judge that the accused swindler would likely flee the country rather than face life in prison if released on bail U.S.U.S. Magistrate Judge Frances Stacy last week said that Stanford, who faces criminal charges for a $7 billion Ponzi scheme, may leave federal custody, provided he comes up with a $500,0000 bond -- including $100,000 in cash -- and lives with his girlfriend in a Houston high-rise apartment.But Stanford remains in custody after the U.S. Justice Department opposed bail of any sort and sought to keep him in jail until his trial, now set for August.

Stanford, 59, faces life in prison if convicted of all 21 criminal charges.Now U.S. attorney.Costa painted Stanford as a callous jet-setter who had no qualms about wrongly taking the retirement and college funds of his investors. Instead, Stanford would spend the money to pay his monthly $100,000 American Express bill and fund his lavish lifestyle.Prosecutors said that about $1 billion in investor deposits is still missing, which Stanford could possibly tap to fund a quick getaway.Stanford's lawyer argued that the former chairman and sole shareholder of Stanford International Bank Ltd has deep roots in Texas and created thousands of jobs in the United States and Antigua with his many companies.Stanford has demonstrated his willingness to answer the government's charges by offering to surrender three times, the lawyer said "We wanted to show a track record of Mr. Stanford wanting to fight these charges," DeGuerin told the judge.The courtroom was filled with Stanford's supporters, including his girlfriend, his estranged wife and at least four of his six children.After the hearing, DeGuerin told reporters that he thought the hearing went well and he expected a fair decision from Hittner. Still, he said that the government's request for "an extremely high bond is just not fair" given the fact that the government had seized all of his clients' assets.According to the U.S. Securities and Exchange Commission, Stanford, with the help of executives at his firm and a top Antigua and Barbuda financial regulator, ran a "massive Ponzi scheme" for over a decade that centered on certificates of deposit in his bank in Antigua.Stanford says that he is innocent of the charges and that his multinational business was legitimate until the SEC "disemboweled" it by filing civil charges, which led to the confiscation of all his assets by a court-appointed receiver.(Reporting by Anna Driver and Eileen O'Grady; Writing by Chris Baltimore; Editing by Gerald E McCormick, Gary Hill) U.S..