Fuel Fix

Motorists refuel at a Mobil gas station in Pittsfield, Mass., where regular gasoline is for sale at $1.99 per gallon, Tuesday Sept. 29, 2015. (Ben Garver/The Berkshire Eagle via AP) BERKSHIRE COURIER OUT, GREAT BARRINGTON RECORD OUT, RURAL INTELLIGENCER OUT, BERKSHIRES OUT; MANDATORY CREDIT

Obama: Cheap gasoline prices drove oil tax decision

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Categories: Crude oil, featured, Gasoline
The proposal faces an uphill battle in the Republican-led Congress, which has repeatedly pushed back against the president’s climate change initiatives.

Obama: Cheap gasoline prices drove oil tax decision

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Categories: Crude oil, featured, Gasoline
Motorists refuel at a Mobil gas station in Pittsfield, Mass., where regular gasoline is for sale at $1.99 per gallon, Tuesday Sept. 29, 2015. (Ben Garver/The Berkshire Eagle via AP) BERKSHIRE COURIER OUT, GREAT BARRINGTON RECORD OUT, RURAL INTELLIGENCER OUT, BERKSHIRES OUT; MANDATORY CREDIT
The proposal faces an uphill battle in the Republican-led Congress, which has repeatedly pushed back against the president’s climate change initiatives.
(Photographer: Eddie Seal, Bloomberg)

Drillers shut down dozens of rigs last week, biggest pull-back since April 2015

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Losses in the oil patch deepened in the second half of 2015 and into 2016 along with plummeting prices of crude.
Categories: Crude oil, featured, Texas
The West Texas sky silhouettes a Linn Energy pumpjack in the Permian basin. (Linn Energy)

Linn Energy stock plummets as it weighs potential bankruptcy

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Linn’s stock value dropped Friday from $1.20 a unit at Thursday’s close down to about 50 cents per unit after the struggling, heavily-indebted business said Thursday it is considering all strategic options, including a bankruptcy filing.
(Bob Owen/San Antonio Express News)

Solar energy grows 30 percent in Texas, keeping pace with country

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A report released Friday by the U.S. Energy Information Administration shows the capacity of solar installations grew by more than 32 percent nationwide last year.
Categories: Electricity, Solar

(Alexander Zemlianichenko Jr./Bloomberg)

Wood Mackenzie: Just 0.1 percent of global crude output shuttered by cheap oil

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Though crude is cheaper than during the financial crisis seven years ago, global oil prices haven’t fallen far enough yet to force oil producers to shut in more than 0.1 percent of the world’s daily supply.
Categories: Crude oil, Production, Shale
European Union (EU) flags fly outside the European Council building in Brussels, Belgium, on Tuesday, Nov. 24, 2015. Authorities in Brussels extended the city's highest-level terror alert into next week as they maintained their warning Islamic State terrorists plan to attack highly populated areas like shopping malls and public transport systems. Photographer: Jasper Juinen/Bloomberg

EU signs off on Schlumberger’s acquisition of Cameron

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Schlumberger, the world’s largest oil field services company with headquarters in Houston, Paris and The Hague, has moved quickly to wrap up the acquisition of the large oil equipment and technology manufacturer since the deal was first announced at the end of August.
A Chinese investor gestures while standing in front of electronic displays showing stock prices in a brokerage house in Beijing, Friday, Jan. 8, 2016. Chinese stocks were volatile Friday and other Asian markets rebounded after a plunge in Chinese prices rattled global markets. (AP Photo/Mark Schiefelbein)

Asia benefiting most from Middle East oil market share battle

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One hundred and seventy-six years after the birth of John Boyd Dunlop, and the crude complex is coming under pressure again. It is Nonfarm Friday, which means that the market is all a’flustered, digesting the soon-to-be-revised official monthly US unemployment report. The report was fairly underwhelming from a headline perspective; only 151,000 jobs were created last […]
Categories: Asia, Crude oil, Gasoline
A flame blazes on top of a gas burn off venting pipe on the Armada gas condensate platform, operated by BG Group Plc, in the North Sea, off the coast of Aberdeen, U.K., on Thursday, Dec. 10, 2015. Royal Dutch Shell Plc got clearance from antitrust authorities in China for the takeover of BG Group Plc, removing the final regulatory hurdle for its biggest-ever deal. Photographer: Simon Dawson/Bloomberg

BG fourth-quarter profit declines 54 percent

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Oil’s collapse has affected BG less than some of its peers because it’s one of the few producers increasing output as projects start in Australia and Brazil.
Texas will deploy additional sensors to study a rash of earthquakes shaking the state as researchers try to determine whether the tremors are linked to the underground disposal of oilfield waste.
(martinluff/Flickr)

First research links California quakes to oil operations

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In Kern County, the shaking topped out on Sept. 22, 2005, with three quakes, the biggest magnitude 4.6, researchers said.
This Nov. 3 file photo provided by Southern California Gas Co., shows equipment being used as SoCalGas crews and technical experts attempt to stop the flow of natural gas leaking from a storage well at the utility’s Aliso Canyon facility. (Javier Mendoza/SoCalGas via AP)

Massive L.A.-area gas leak could be capped in a week

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The blowout at the largest natural gas-storage facility in the West has uprooted thousands of residents and spewed more than 2 million tons of climate-changing methane.
Linn Energy CFO Kolja Rockov (far left) and and then-Senior Vice President of Business Development David Rottino (far right) pictured with other Linn executives in front of the NASDAQ exchange in New York City in 2011. (Linn Energy handout)

Linn Energy considers filing for bankruptcy amid financial strain

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Linn, which borrowed billions of dollars to expand during the height of the shale oil boom, saw its stock value sink below $1 a unit for the first time in January.
President Barack Obama gestures while giving State of the Union address before a joint session of Congress on Capitol Hill in Washington, Tuesday, Jan. 12, 2016. Vice President Joe Biden and House Speaker Paul Ryan of Wis. listen at rear. (AP Photo/Susan Walsh)

Obama to seek $10-a-barrel oil tax

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The White House hopes the proposal will drive a debate about the need to get energy producers to help fund efforts to fight climate change.
Warren Buffett -- chairman, president & CEO of Berkshire Hathaway -- gestures during a 2013  interview.  (AP Photo/Nati Harnik, File)

Buffett’s firm now owns nearly 14 percent of Phillips 66

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Berkshire now owns 73.98 million Phillips 66 shares worth roughly $5.9 billion.
(AP Photo/Stephan Savoia)

Texas, nationwide gasoline prices continue to decline

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Amarillo has the cheapest gasoline in Texas this week at an average $1.46 per gallon. Drivers in El Paso are paying the most statewide at an average $1.62 per gallon.