The stories coming out of the oil fields in South and West Texas sound like tall tales: overnight wealth, billions in industry investment and an unbuilt hotel in Odessa that’s already booked for two years. More »
Drilling in the deep Gulf of Mexico is becoming robust two years after the oil spill that prompted a six-month moratorium on deep-water exploration, but more of the work now is left to large companies. More »
Booming oil production across a wide expanse of the Northern Plains is forcing law enforcement from the U.S. and Canada to gird for a spike in crimes ranging from drug trafficking and gun offenses to prostitution. More »
Nothing sticks in Republicans’ craws quite like President Barack Obama’s claim that oil production has increased during his administration — except maybe his adoption of the phrase “all of the above” to describe his energy philosophy. More »
Chesapeake Energy Corp. (CHK) Chief Executive Officer Aubrey McClendon has been adding oil fields to his personal holdings faster than he can find cash to drill them. He’s steering the company down the same road. More »
Britain and the U.S. said they’d fund work on offshore wind generation technologies that work in waters as much as 500 feet deep, a measure aimed at opening vast new areas of ocean to development. More »
Oil prices fell to near $103 a barrel Monday after surveys showed economic activity in China and Europe continues to contract. Meanwhile, a Dutch government crisis and French election results suggested waning support for austerity policies. More »
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