Fuel Fix

(AP Photo/Richard Drew)

Oil’s slide continues into August

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Monday’s slide follows a bearish July, when concerns that the glut of oil may not be easing sparked a sell off and erased gains crude had posted in May and June.

Oil’s slide continues into August

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(AP Photo/Richard Drew)
Monday’s slide follows a bearish July, when concerns that the glut of oil may not be easing sparked a sell off and erased gains crude had posted in May and June.
Exxon Mobil CEO Rex Tillerson

Oil CEOs’ grim outlook rubs off on speculators fleeing market

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Exxon, the biggest U.S. energy producer, reported July 31 its lowest profit since 2009 while No. 2 Chevron posted its worst results in 12 years.
Categories: Crude oil, featured
Exelon Corp. will use GE gas turbines, like the one pictured above, in its Texas plants. (GE)

Exelon expanding gas-fueled power plants near Houston, Fort Worth

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The projects, which are roughly $750 million each, will triple the amount of power production at Exelon’s Colorado Bend Generating Station in Wharton, which is about 45 miles southwest of Houston. The second 1,000-megawatt expansion is for the Wolf Hollow Generating Station outside of Fort Worth.
(Photographer: Ty Wright/Bloomberg)

Retail gasoline prices across Texas up a penny this week

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Dallas has the most expensive gasoline statewide at an average $2.67 per gallon. The travel group survey found Amarillo has the cheapest gasoline in Texas this week at $2.48 per gallon.
Categories: Gasoline

(AP photo/Brennan Linsley)

California farms are using drilling wastewater to grow crops

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Amid a four-year dry spell, more companies in California are looking to recycle their water or sell it to parched farms as the industry tries to get ahead of environmental lawsuits and new regulations.
(Paul O'Driscoll/Bloomberg News)

Despite commodities collapse, oil and gas companies still dominate Fortune’s Global 500 list

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Royal Dutch Shell fell to No. 2 on the list after a year of falling oil prices, with mega-retailer Walmart claiming No. 1 after seeing sales at its international locations jump.
A rig works in the Barnett Shale. (Enervest)

Methane leaks in Barnett Shale vastly higher than EPA estimates, study shows

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“Nobody had any idea how much methane was being leaked in the Barnett area,” said Robert Talbot, an University of Houston atmospheric chemistry professor who authored the paper.
Categories: featured, Natural gas, Shale
A drilling rig is set up near a barn in Springville, Pennsylvania. (AP Photo/Alex Brandon, File)

Farmers would benefit from crude oil exports, too, oil industry leaders tell House agriculture panel

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Continental Resources CEO Harold Hamm and Texas energy regulator David Porter argued that oil exports could drive more domestic crude production, with benefits rippling nationwide, from urban centers to rural areas.
(AP Photo/Matthew Brown, File)

Feds propose more safety valves for gas lines

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An Associated Press investigation in 2012 uncovered more than 270 accidents dating to 1968 that could have been prevented or made less dangerous if the valves had been in place.