Oil could drive down ethanol profits, but industry shielded

Oil prices may have dipped below $50 a barrel for the first time since April 2009, but ethanol plants across the nation continue to operate at a brisk pace in order to satisfy a domestic and export demand that hasn’t weakened.  More »

Iran and Venezuela seek oil price stability

Iran and Venezuela vowed Saturday to work together to stabilize falling global oil prices as Iran’s supreme leader accused “enemies” of using crude prices as a political weapon  More »

NY fracking ban seen as having little impact on supply

Scientists say New York’s available reserves of natural gas in the sprawling Marcellus Shale are minuscule compared to what can be extracted in other states such as Pennsylvania and West Virginia.  More »

Appeals court won’t rehear a BP oil spill liability argument

A federal appeals court has refused to reconsider its 2014 ruling that BP cannot avoid federal penalties for the 2010 Gulf of Mexico oil spill by blaming another company’s failed equipment.  More »

Gov. Perry: Falling oil prices ‘painful’ for parts of Texas

Addressing a conservative forum Friday in Austin, Perry said Texas has diversified its economy since the 1980s when an oil bust brought economic misery to much of the state.  More »

Texas city that prepared for oil boom now waits for bust

Sweetwater envisioned becoming a major player in the hydraulic-fracturing boom, thanks to its location atop the Cline Shale, once estimated to be the nation’s largest underground petroleum formation.  More »

Mexico’s Pemex proposes to import U.S. crude

Pemex said it would simply trade heavier Mexican crude for light U.S. oil.  More »

Obama administration sued over Gulf of Mexico fracking info

The lawsuit says the Bureau of Ocean Energy Management has refused to comply with the group’s federal public records request.  More »

Senate panel takes up pipeline bill despite veto threat

Energy and Natural Resources Chairman Lisa Murkowski says lawmakers shouldn’t be deterred by President Barack Obama’s threat. She notes the bill has Democratic supporters and came within one vote of passing last year.  More »

North Dakota lawmakers to get update on state’s oil outlook

The presentation to the House Appropriation Committee is slated for Thursday morning at the state Capitol in Bismarck.  More »

EPA delays rule to cut carbon from new coal power plants

Senate Majority Leader Mitch McConnell of Kentucky has vowed to overturn the emissions rules.  More »

Shrinking foreign oil bill sends US trade deficit lower

Economists predict that the oil market will continue to reduce the U.S. trade deficit and potentially bolster the overall economy.  More »

U.S. Steel to lay off 142 in Houston

The workers make steel pipes and tubes used in drilling for oil and gas as well as construction.  More »

Antero Resources to lay off more than 250 contract brokers

An Antero representative says prices for natural gas liquids have been affected by a drop in crude oil prices.  More »

Incoming Lt. Gov. Patrick vows tax relief despite oil prices

Patrick acknowledged Monday that the slowdown of the oil and gas industry is impacting sales tax collections that give lawmakers spending power.  More »
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