EIA: Gasoline still dominates, but other fuels have grabbed their biggest share of U.S. transportation in decades

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America’s transportation today is running on the largest share of non-petroleum energy since 1954, according to an analysis by the U.S. Energy Information Administration.
(Spencer Platt/Getty Images)

Goldman Sachs sees Brent crude oil at $55 a barrel in 2020

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Oil’s rally from a six-year low in March is stalling as U.S. output remains near a record even as the number of rigs drilling for oil in the nation shrinks.
A handout picture released by the Saudi Press Agency (SPA) shows Saudi Arabia's new King Salman bin Abdul Aziz (C) praying along with Kuwaiti Emir Sheikh Sabah al-Ahmad Al-Sabah (2nd L), King Hamad bin Issa al-Khalifa of Bahrain (L) and other dignitaries and officials during the funeral of his half-brother late King Abdullah in Riyadh on January 23, 2015. The desert kingdom's elderly King Abdullah died early in the morning and was replaced by his half-brother Salman as the absolute ruler of the world's top oil exporter and the spiritual home of Islam. AFP PHOTO / HO / SPA == RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO/HO/SPA" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS ==-/AFP/Getty Images

Saudi oil exports reach nine-year high

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Saudi Arabia and Iraq boosted exports as the Organization of Petroleum Exporting Countries pumped above its official target for the 11th consecutive month in April.
BHP Chief Executive Officer Andrew Mackenzie speaks during a news conference in Sydney, Australia. (Ian Waldie/Bloomberg)

BHP lowers priority of Australian LNG project with Exxon

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A plunge in oil has forced companies from Royal Dutch Shell Plc to Chevron Corp. to cut or delay spending on projects that supply super-cooled gas linked to the price of crude.
In this Sept. 16, 2004 file photo, waves crash against a sailboat lodged under a bridge in Fort Walton Beach, Fla., after Hurricane Ivan struck the gulf coast. Federal regulators believe a persistent oil spill in the Gulf of Mexico that began after a drilling platform was toppled during Hurricane Ivan in 2004 will continue for 100 years or more if left unchecked. (AP Photo/John Bazemore, File)

US says decade-old Gulf oil leak could last another century

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The federal government is warning that the leak could last another century or more if left unchecked.
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Former Texas Gov. Rick Perry waves after speaking during the Iowa Republican Party's Lincoln Dinner, Saturday, May 16, 2015, in Des Moines, Iowa. (AP Photo/Charlie Neibergall)

Rick Perry pushes Keystone XL during Iowa GOP event

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Speaking before roughly 1,300 people gathered Saturday night at an Iowa Republican Party dinner, Perry said the pipeline would drive down the cost of electricity and help lower taxes and boost wages.
Activists who oppose Royal Dutch Shell's plans to drill for oil in the Arctic Ocean prepare their kayaks for the "Paddle in Seattle" protest on Saturday, May 16, 2015, in Seattle. (Daniella Beccaria/seattlepi.com via AP)

Anti-Arctic drilling kayaktivists hold ‘Shell No’ protest

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Kayakers gathered in formation and hoisted signs and banners that read: “Climate Justice,” ”Oil-Free Future,” ”Shell No, Seattle Draws The Line,” and “We can’t burn all the oil on the planet and still live on it.”
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Tesoro halts plans for Utah oil pipeline

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Tesoro’s project, the Uinta Express Pipeline, was to have shipped thick waxy crude oil from Utah’s Uinta Basin to the company’s plant in Salt Lake City.
(Ty Wright/Bloomberg)

Oil rigs extend losses into 23rd week

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Oil producers found seven more rigs to set aside, as the industry slowdown continued into May.
(Spencer Platt/Getty Images)

Just 38 miles apart, one Texas oil town is still booming and the other is dead

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For the townspeople of Karnes City, it’s like nothing ever changed: Roughnecks pack into Stripes gasoline station by the dozens to load up on Doritos and Slim Jims at the end of their shift; giant drilling rigs dominate the horizon in all directions; and the roar of tanker trucks and industrial machinery is never-ending.