Loren Steffy

Loren Steffy

Loren Steffy is the business columnist for the Houston Chronicle. His column appears in on Wednesdays, Fridays and Sundays. He is also the author of "Drowning in Oil: BP and the Reckless Pursuit of Profit," and "The Man Who Thought Like a Ship."

As natural gas prices fall, shale drilling loses some luster

Shale drilling has, in some ways, become a victim of its own success. With natural gas now selling for less than $3 per million British thermal units, shale drillers have been looking for foreign investments and other tactics to keep drilling programs going. But at these prices, the more gas they produce only feeds the [...]  More »

Steffy: Pipeline and politics entwined

The Keystone XL pipeline is back – for all the wrong reasons.  More »

Steffy: Airline fee hike exposes carbon trading flaws

Air fares may be going up again, and this time it’s so you can pay for airlines to continue belching carbon across Europe.  More »

Airlines’ latest fee hike exposes flaws of carbon trading

Air fares may be going up again, and this time it’s so you can pay for airlines to continue belching carbon across Europe. As of Monday, the European Union began implementing new carbon emission rules for airlines taking off or landing within the 27-nation zone. The trading scheme works much the same way that one [...]  More »

Steffy: Rig disaster’s heartache shadows holiday joy

Homes in this community on the banks of the Mississippi, like those in many towns this time of year, are festooned with multicolored lights and other trappings of the season.  More »

Video: Deepwater Horizon survivor Chad Murray discusses the accident

Last weekend, I went to Louisiana to interview Chad Murray, who was the chief electrician aboard the Deepwater Horizon when it exploded on April 20, 2010. Murray had contacted me a few months ago, after reading my book on the disaster. He said he wanted to tell his story in hopes that it would draw [...]  More »

Loren Steffy: The myths of untapped oil

As we head into the presidential election next year, Democrats and Republicans are offering voters deceptively simple solutions to America’s complicated energy conundrum.  More »

The Isenberg backlash begins at Nabors Industries

Nabors’ Industries final kiss-off to Houston’s most overpaid executive has drawn the ire of five public pension funds who control about 1.7 million shares of the oil driller’s stock. The funds — in California, Connecticut, Illinois, New York and North Carolina – are calling for shareholders to be allowed to nominate their own directors, the [...]  More »

Energy issues among the list of Congress’ unfinished business

As this session of Congress winds to a close, it will probably be remembered more for what it didn’t do than what it did. That’s especially true when it comes to energy issues. As Politico points out, the list of energy-related legislation that Congress will leave unfinished is a long one: Lawmakers have failed to [...]  More »

Steffy: Industry again bungles response

Just yesterday, I mentioned how in speaking to energy industry groups, I’m often asked why the industry has such a poor public image. While I discussed some of those reasons yesterday, here’s another one: how the industry responds to things it doesn’t like.  More »

Once again, energy industry bungles response to fracking concerns

Just yesterday, I mentioned how in speaking to energy industry groups, I’m often asked why the industry has such a poor public image. While I discussed some of those reasons yesterday, here’s another one: how the industry responds to things it doesn’t like. The Environmental Protection Agency on Thursday released preliminary results of a three-year [...]  More »

How can the energy industry improve its image? Sell iPads

Energy Advocates, an Oklahoma-based group that aims to promote various forms of energy, including oil, natural gas, coal and renewables, is planning a nationwide tour next year to boost the energy industry’s image and increase public understanding.  More »

How can the energy industry improve its image? Sell iPads

Energy Advocates, an Oklahoma-based group that aims to promote various forms of energy, including oil, natural gas, coal and renewables, is planning a nationwide tour next year to boost the energy industry’s image and increase public understanding.  One of the questions I am asked most frequently when I speak to industry groups pertains to the [...]  More »

Gingrich fuels the fantasy of U.S. energy independence

Last week, the Republican presidential candidates held yet another debate, this one focused on foreign policy. Unfortunately, Newt Gingrich took the opportunity to further confuse voters about the state of U.S. oil supplies and to trot out once again the ridiculous notion of U.S. independence from oil imports.  More »

Gingrich fuels the fantasy of U.S. energy independence

Last week, the Republican presidential candidates held yet another debate, this one focused on foreign policy. Unfortunately, Newt Gingrich took the opportunity to further confuse voters about the state of U.S. oil supplies and to trot out once again the ridiculous notion of U.S. independence from oil imports. Now, I don’t expect much truth from [...]  More »
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