No one in Karnes County, Texas have grasped the implications of Conoco-Phillips’ secretive decision to drill a deep, expensive well into the mysterious formation known as the Eagle Ford Shale. More »
The move comes as ConocoPhillips, like other U.S. energy producers with big natural gas portfolios, struggles to deal with a relatively low price for the hydrocarbon. CEO Jim Mulva told the Detroit Economic Club today that the U.S. should embrace natural gas as a low-cost and environmentally friendly power source. More »
Executives from the five biggest oil companies are set to argue against proposed tax hikes during a Senate Finance Committee hearing today. Exxon Mobil CEO Rex Tillerson will tell the panel that Democrats are unfairly singling out the firms with a plan to eliminate tax credits and deductions used broadly by other industries.