Fuel Fix

(Jordan Blum/Houston Chronicle)

Getting a glimpse of Exxon Mobil’s new campus

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The complex resembles a modern college campus with plenty of landscaping, about 20 buildings, three large parking garages, a wellness center and more.

Getting a glimpse of Exxon Mobil’s new campus

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(Jordan Blum/Houston Chronicle)
The complex resembles a modern college campus with plenty of landscaping, about 20 buildings, three large parking garages, a wellness center and more.
The shadows of  workers in the Permian Basin on February 5, 2015 in Mentone, Texas. (Photo by Spencer Platt/Getty Images)

Oil industry needs half a trillion dollars to endure price slump

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If oil stays at about $40 a barrel, the shakeout could be profound.

Home heating oil tank being filled (AP Photo/Gene J. Puskar)

Northeast U.S. gas at decade-high for winter on supply concern

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Supplies in the so-called consuming east region, which covers the Northeast to the Midwest, are at the lowest seasonal level since 2000, government data show.
Categories: Natural gas, Pipelines
Rosneft President Igor Sechin (AP file photo/Alexander Zemlianichenko)

Putin factions gridlocked over arrest as sanctions bite

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Russia’s ruling elite is convulsing as the economy careens toward recession, the ruble hovers near a record low and the conflict in Ukraine pushes the country deeper into a standoff with the U.S and its allies.
Categories: Europe, Politics/Policy
Mideast Iraq Oil

Tumbling oil prices punish hedge funds betting on gains

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Hedge funds increased bets on rising oil prices just before crude futures tumbled to a 17-month low on signs that global supply is outstripping demand.
In this photo taken on Aug. 13, 2014, Friends of Augusta handout no pipeline stickers for people to wear during the supervisors meeting when representatives from Dominion present their proposal for a natural gas pipeline that would run through Augusta County to the Augusta County supervisors in Verona, Va. (AP Photo/The Staunton News Leader, Randall Wolf)

Pipeline’s path stirs opposition in Va., W.Va.

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A proposed $5 billion pipeline that would deliver natural gas to the Southeast is finding opposition along its planned path in West Virginia and Virginia.
In this undated photo, Zach Lamppa poses with an unmanned aircraft in North Dakota. Lamppa hopes to bring drone use to North Dakota's oil fields to monitor pipelines. Currently commercial use of drones is banned by the Federal Aviation Administration but that body has recently granted several exceptions, including oil companies British Petroleum and ConocoPhillips in Alaska. (AP Photo/Energy Intelligence)

Drones could be used on North Dakota oil fields

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While the commercial use of drones is largely banned, the Federal Aviation Administration allowed oil giant ConocoPhillips to use unmanned aircraft systems in Alaska’s Prudhoe Bay oil field last year and granted a similar permission to BP there in June.

The Corruption of Science

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The late Dr. Michael Crichton in a speech at the California Institute of Technology made the following observation: “I want to …talk about … the rise of what has been called consensus science. I regard consensus science as an extremely pernicious development that ought to be stopped cold in its tracks. Historically, the claim of consensus […]
Categories: General
George Terwilliger of law firm Morgan, Lewis & Bockius

Q&A: Companies take steps to avoid greasing palms in oil search

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Energy companies are a particularly vulnerable to investigations under U.S. anti-bribery laws because they often operate in remote countries with histories of corruption, says George Terwilliger, a former deputy U.S. attorney general who now works at a private law firm.
Categories: General, Legal issues