An oil worker walks by an oil pump during a sandstorm in the desert oil fields of Sakhir, Bahrain

FILE - In this Thursday, Jan. 8, 2015 file photo, an oil worker walks by an oil pump during a sandstorm that blew in, in the desert oil fields of Sakhir, Bahrain. Across a Mideast fueled by oil production, low global prices have some countries running on empty and scrambling to cover shortfalls, even as more regional crude is on tap to enter the market.(AP Photo/Hasan Jamali, File)

In a Mideast upset by cheap oil, more crude may enter market

The possibility of more supply entering the market has analysts already lowering their forecast price for oil into the next year.

Commentary: Solar Flim Flam and More Snake Oil

The late Daniel Patrick Moynihan once observed that we are all entitled to our own opinions, not just our own facts. Proponents of solar energy are long on opinions and pseudo-facts, just not real ones. What are some of those? It is claimed that 2015 is “on a pace to be the hottest year the […]
Categories: featured, General, p2
The shadows of  workers in the Permian Basin on February 5, 2015 in Mentone, Texas. (Photo by Spencer Platt/Getty Images)

Oil prices fall on economic concerns

U.S. crude oil for October delivery lost about $1.72 per barrel or 3.7 percent to $45.18 per barrel in early trading Friday. The October contract expires Tuesday.
A very large smokestack flare burns off flammable product after an explosion in a processing facility at the ExxonMobil refinery in Torrance, Calif. on Wednesday, Feb. 18, 2015. A small ground fire was quickly extinguished and the facility's flare system was triggered for safety reasons. Two workers suffered minor injuries. (AP Photo/Daily Breeze, Chuck Bennett)

Exxon Mobil California refinery faces more delays after acid leak

Democratic California congressional members Ted Lieu and Maxine Waters wrote to the U.S. Chemical Safety Board on Wednesday asking for the Sept. 6 acid leak to be included into the broader investigation of Exxon Mobil’s operations as the refinery.
Halliburton Chairman and CEO Dave Lesar, joined by members of the Halliburton Executive Team ring the Opening bell at the New York Stock Exchange on November 18, 2014 in New York City. (Photo by Ben Hider/NYSE)

Deloitte: More oil and gas deals coming if crude prices stay low

As the hedges roll off, credit tightens and the realization that high prices are far off settles in, many companies will need to offer assets for sale and stronger ones will find good deals.
Even though the Houston economy is under pressure from lower oil prices, health care and other industries have helped the region avoid a recession, according to the Federal Reserve.  (AP Photo/Toby Talbot)

Non-energy industries aid Houston economy in oil slump, Fed says

Health care, construction and manufacturing have helped Houston avoid a recession as oil prices drop, according to a report from the Federal Reserve Bank of Dallas.
Categories: Crude oil, General
Flames shoot up from a rapidly spreading wildfire south of Linden, Texas. Firefighters gained ground Wednesday against one of the most destructive wildfires in Texas history even as the number of homes lost reached almost 800, and an elite search team set out to find any victims in the smoking ruins. (AP Photo/ The Texarkana Gazette, Adam Sacasa)

Valley fire consumes five Calpine power plant towers

The wildfire has taken out several of the 14 geothermal power plants in The Geysers, said Calpine spokesman Brett Kerr, but some of the remaining plants are still contributing electricity to the northern California region.
BHP Chief Executive Officer Andrew Mackenzie speaks during a news conference in Sydney, Australia. (Ian Waldie/Bloomberg)

BHP Billiton CEO makes plea for oil exports

Ending the oil export ban makes good economic sense, BHP Billiton CEO Andrew Mackenzie told business leaders in Washington. But it also would “show the world that the U.S. remains committed to economic freedom and the promotion of global growth.”
Deepwater Horizon

Republicans oppose new safety rules on offshore drilling

The Interior Department is poised to issue standards to close what it says are gaps in blowout preventer rules. Such a device failed catastrophically when a BP well blew out in 2010, causing a massive oil spill.
White House press secretary Josh Earnest speaks during the daily press briefing at the White House in Washington, Thursday, Sept. 10, 2015. Earnest discussed another potential government shutdown, Americas response to the Syrian refugee situation and other topics. (AP Photo/Andrew Harnik)

Administration balks at GOP-led effort to lift oil export ban

House Majority Leader Kevin McCarthy, R-California, is set to tell a Houston audience that the chamber will vote this month on a measure lifting the oil export ban, but the White House doesn’t back the bill.