This is not the Easy-Bake Oven you remember. The classic child’s toy comes with a new instruction: No light bulb necessary. More »
Arkansas’ top environmental official said she believes her department has “sufficient” regulatory authority over natural gas drilling in Arkansas but says she wants to keep additional inspectors funded through an agreement with the Game and Fish Commission. More »
Oil prices rose today on the anticipation that a recent tropical storm caused a major disruption in supplies. More »
Four drilling companies have received awards from Colorado oil and gas regulators despite a large number of oil spills over the past year and a half. More »
Oil rose for a second day in New York before data forecast to show that crude supplies declined a second week in the U.S., the largest consumer of the commodity. More »
Two months before President Barack Obama’s visit, accounting firm PricewaterhouseCoopers LLP warned that Solyndra, the recipient of $535 million in federal loan guarantees, had financial troubles deep enough to “raise substantial doubt about its ability to continue as a going concern.” More »
Solyndra, the failed solar-panel maker, might be the new Republican punching bag. More »
OPEC sharply revised down its forecast today for world oil demand for this year and expected consumption would remain weak in 2012, citing waning economic growth in key industrialized nations and a weak U.S. driving season. More »
The Obama administration has less than 10 months to finish assembling its plan for selling offshore drilling leases over the next five years, and some oil industry leaders are worried the government is barely on track to meet a July 1 deadline for issuing the document.
This is a tale of two oils. Houston-based Swift Energy pumps crude from its oil fields in Louisana and gets a price that’s within a few dollars of what producers receive in most of the world. As of Thursday, that was about $114 a barrel.
President Barack Obama unveiled his $447 billion package aimed at jump starting jobs in the U.S., energize his political base and bringing renewed hope to the American people. But what was missing from his speech last night? Hint: it starts with an ‘E.’ More »
The Interior Department will propose a rule setting guidelines for issuing environmental-review waivers for applications to drill for oil and gas on public lands, after a judge tossed out previous Obama administration rules for procedural reasons. More »