Keystone’s backers on Capitol Hill do not have enough House and Senate votes to override President Barack Obama’s threatened veto. More »
Regulators trying to judge the carbon footprint of the Canadian crude that would flow through the Keystone XL pipeline should compare it to heavy oils from Mexico, Venezuela and Saudi Arabia, said the Calgary-based company seeking to build the project. More »
Buckle your seat belts and hang on tightly: the industry was happy to ride all the way to the top of the price curve, and now it must accept – embrace, even – the ride back down.
Oil prices stabilized last week amid reports that the US rig count has fallen close to 25 percent from its peak in October 2014. Yet even with some positive news about oil demand trends in December, analysts are assessing the surplus in oil markets for the first quarter of 2015 to be 2.5 million b/d […] More »
The United Steelworkers union is broadening its nationwide walkout to include two more refineries. Early Sunday, the union is planning to go on strike against two BP facilities in the Midwest, union spokeswoman Lynne Hancock confirmed. That will bring the total number of plants on strike to 11, after union members walked out of nine facilities, including […] More »
Rigs searching for crude are now at their lowest level since November of 2011. More »
Shares of CPPL were up by about 19 percent hours after trading began on Friday. More »
The measure sponsored by Rep. Bob Goodlatte, R-Va., would preserve requirements for advanced cellulosic ethanol made from wood, grasses and other inedible plant material.
Anadarko executives said on a Tuesday call with analysts that capital expenditures would fall in 2015, though they offered few specifics. More »
It was awesome to hear that rather than abandon their dreams, my from last week piece motivated some readers to double down on their ambition to work in some particular area of the industry. More »
The money was collected from ratepayers to help needy ratepayers, and spending it on any other purpose would be to break a covenant with Texans. More »
Gasoline prices have risen over the past week, mostly because of seasonal factors that typically send the price up in the final weeks of winter. More »
The New York Times, Stanford University, and Resources for the Future recently collaborated on a public opinion poll on global warming. The Times then ran a long article stating that “ an overwhelming majority of the American public, including half of Republicans, support government action to curb global warming.” Surprise, Surprise! For over 20 years, […] More »
On Monday, trial resumes in a federal district courtroom where BP and a minority partner in its ill-fated Macondo well are trying to fend off billions in Clean Water Act penalties.
Steelworker strikes that began Sunday at seven U.S. oil refineries and two chemical plants have a slim chance of pumping up gasoline or crude prices dramatically in the near future, analysts say. More »