Perhaps nobody in the U.S. House of Representatives has been more outspoken in his support of the Keystone XL pipeline than Rep. Lee Terry, R-Neb. In an interview with Fuel Fix, Terry took time to discuss his ongoing plans for legislation to approve the pipeline, as well as his thoughts on Obama’s defense of the decision to reject the permit.  More »

On gasoline prices, President Obama is starting to learn the lesson of his predecessors. The quickest way to lower gasoline prices is by calling on Saudi Arabia. For three decades, US presidents have called on Saudi Arabia to get them out of an oil price bind. Saudi Arabia helped President Ronald Reagan get a leg [...]  More »

President Barack Obama, defending his energy policy from Republican criticism, vowed his administration will support domestic oil production while saying that won’t be enough to bring gasoline prices down.  More »

Brazil’s petroleum regulator is considering revoking Chevron Corp.’s (CVX) exploration contract after finding the U.S. oil producer could have avoided a 3,000-barrel spill off Rio de Janeiro’s coast.  More »

The notorious Exxon Valdez tanker, responsible for one of the worst oil spills in U.S. history two decades ago, has been bought by an Indian company almost certainly to be scrapped for its steel and spare parts.  More »

Oil prices rose to near $106 a barrel Friday in Asia, after a big tumble the day before, amid mixed signs about the strength of the global economy and crude demand.  More »

Looming Environmental Protection Agency rules to cut sulfur content of gasoline by two-thirds could add 6 to 9 cents per gallon to the cost of manufacturing fuel in most markets, the American Petroleum Institute said.  More »

The bidding frenzy that drove the last three University Lands lease sales to record highs cooled Thursday as the Board for Lease held its 121st oil and gas lease sale.  More »

CUSHING, Okla — President Barack Obama firmly defended his record on oil drilling Thursday, ordering the government to fast-track an Oklahoma pipeline while accusing Congress of playing politics with a larger Canada-to-Gulf Coast project.  More »

A top House Republican is pushing to subpoena government documents he says could shed light on how the Obama administration justified its five-month ban on deep-water drilling in the wake of the 2010 Gulf oil spill.  More »

The British government on Thursday gave oil company BP PLC the go-ahead to drill a new deep-water well in Scottish waters off the northwest coast of the Shetland Islands, rankling environmentalists.  More »

Nearly two years (and nearly 200 posts ago on Energy Burrito) we took a look at A Little Trouble in Big China, as China’s economy was showing signs of slowing. Six hundred and seventy-six days later, signs of slowing are emerging once again, leaving global financial markets to be twitchy and pundits to question whether the engine [...]  More »