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."

Steffy: Speculation is a two-way street

When gasoline prices are rising, as they have been recently, I often get asked by readers to write about speculation. Usually the request is that I “expose” how speculation is driving up prices.  More »

Speculation is a two-way street

Speculators tend to get blamed for rising oil prices, but rarely get thanked when prices fall.  More »

Steffy: Slumping natural gas prices fuel companies’ worries

The talk of the town these days is gas prices and what to do about them.  More »

Have you heard the one about the airline that buys a refinery?

If Delta’s looking for a way to make its losses more consistent and pervasive, buying a refinery might be the ticket.  More »

Dynegy settles with creditors after blistering examiner report

Faced with the scathing results of a bankruptcy examiner’s report, Houston-based Dynegy has finally agreed to acknowledge the claims of its creditors, something the company should have done all along. Dynegy’s treatment of creditors leading up to its bankruptcy filing was more noxious than the emissions from its coal plants. Last summer, it created a [...]  More »

Steffy: Don’t blame China for Obama’s solar folly

The U.S. Commerce Department recently announced import tariffs on Chinese solar panels after declaring that Beijing illegally subsidized manufacturing.  More »

The folly of the Obama solar energy strategy

The Commerce Department’s decision to slap import tariffs on Chinese solar panels smacks of sour grapes. Having been bested by the Chinese in the manufacture of the panels, the Obama administration is hoping to cover up its own failed development policies. In this case, the victor is penalized by the loser. Alex B. Berezow and [...]  More »

Steffy: The collective delusion of oil abundance

Late last week, I filled up for $3.88 a gallon. Four days earlier, gasoline was 4 cents a gallon cheaper, and by this week, prices were inching toward the dreaded $4 a gallon threshold.  More »

Steffy: U.S. oil production gains are like water pumps on the Titanic

I filled up yesterday for $3.88 a gallon, which was 4 cents more than what I paid four days earlier. Consumers are painfully aware that gasoline prices have been on the rise for the past few months, and while such increases had been predicted since last fall, no one’s happy that the predictions proved correct.  More »

Why U.S. oil production gains are like water pumps on the Titanic

Rising gasoline prices are telling consumers that gains in U.S. oil production isn’t enough to offset global demand for oil.  More »

Steffy: Judge calls for `minimum of sealed records’ in BP Atlantis case

While the ongoing settlement issues involving BP and business owners hurt by the Deepwater Horizon spill still dominate the news, a judge in another BP legal battle has thwarted the company’s attempt to keep much of the evidence in that case hidden.  More »

Judge calls for ‘minimum of sealed records’ in BP Atlantis case

While the ongoing settlement issues involving BP and business owners hurt by the Deepwater Horizon spill still dominate the news, a judge in another BP legal battle has thwarted the company’s attempt to keep much of the evidence in that case hidden. U.S. District Judge Lynn Hughes in Houston told both parties in a case [...]  More »
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