The Collapse of OPEC Power

Since its inception in 1960, OPEC has never been shy in flexing its energy-fuelled power over the West. But those days are gone. And it’s not just the US and Israeli shale gas and oil revolution which threatens OPEC decline. OPEC is already grappling with a whole bunch of serious energy problems that are colluding to hasten its demise.
An ethylene unit shown at the Chevron Phillips Chemical Company's Cedar Bayou Plant, 9500 I-10 East, Tuesday, June 5, 2012, in Baytown. ( Melissa Phillip / Houston Chronicle )

Report: Petrochemical plants see big benefits from low-cost gas

Standard & Poor’s reports that low-cost shale gas will continue to give North American petrochemical plants an advantage over their European counterparts.

Exxon boosts dividend 11 percent

Exxon Mobil Corp. boosted its cash dividend 11 percent for the second quarter, the company said Wednesday as it declared a 63 cent payout per share to its owners.
Categories: General
Greg Thiergart, a radio communication technician with CenterPoint Energy, works on a smart meter project in Houston. (Houston Chronicle file photo/Johnny Hanson)

Texas lawmakers give utilities a tax boost

The Texas Senate passed a bill on Tuesday afternoon that would remove the ability of state regulators to review tax payments in calculating future utility rates increases.
Daniel Yergin, IHS CERA Chairman, at CERAWeek 2010 (Photo: Houston Chronicle)

Columbia opens energy policy center with A-list speakers

Columbia University wants a bigger presence in the energy game. The New York school launched its Center on Global Energy Policy on Wednesday with a collection of high-profile speakers from the industry, including corporate executives and oil and gas experts.
(Image: Fotolia)

After big fourth quarter, energy deals decline

Energy industry mergers valued at more than $50 million dropped in the first three months of the year compared to the frenzied fourth quarter, but rose over the first quarter of 2012.
Image from Crossroads GPS television advertisement linking President Barack Obama's energy policies with high gasoline prices.

When is the price of gasoline too high?

Drivers appear to be altering their idea of “too high” when it comes to gasoline prices after years of seeing steady hikes at the pump.
Categories: Gasoline
A natural gas well in the  Greater Natural Buttes (Photo: Anadarko)

Natural gas price more than doubles from 2012 low

Cold temperatures, a lack of storage facilities and cutbacks in natural gas drilling are all helping push the price of natural gas well above four dollars, according to an Ernst &Young analysis released Tuesday morning.
(AP Photo/Mike Groll, File)

Harvard report slams fracturing chemical website

A new Harvard report sharply criticizes the industry-backed website FracFocus, where hydraulic fracturing companies voluntarily disclose fracking chemicals they use in oil and natural gas production.
The Chevron Genesis platform in the Gulf of Mexico (Mary Altaffer/AP)

Gulf heats up with high rig counts and cutting-edge technology

Activity in the Gulf of Mexico is continuing to heat up, with both operators and oil field services companies seeking ways to stake out their share of the market.