Fuel Fix

Dan Akroyd and Eddie Murphy engage in some market manipulation in "Trading Places." Photo: Paramount Home Entertainment

Oil speculators, orange juice futures and tough court cases

Are claims of oil price manipulation the same scheme tried on orange juice futures in “Trading Places”? Sort of, but that doesn’t mean it’s an open-and-shut case.  More »
Earth_northern_hemisphere

UN climate chief calls on world leaders to step in

Wrapping up a two-week negotiating session among more than 180 countries, the United Nations’ top climate official said it will take “high-level political attention” to resolve mutual demands between industrial countries bound to reduce carbon emissions and countries who have no legal obligations to fight global warming.  More »
(Photo: Phil Hollman/Flickr)

Wind firm plans 200-turbine farm off Texas Gulf Coast

Houston-based Baryonyx Corp. has applied for a permit to develop more than 26,000 acres off Mustang Island, just north of Padre Island near Corpus Christi. An alternate proposal would develop 45,000 acres off the southern third of Padre Island.  More »
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Former Yukos CEO Mikhail Khodorkovsky stands behind a glass wall at a court in Moscow, Russia, on Tuesday, May 24, 2011.  (AP Photo/Misha Japaridze)

Khodorkovsky: Corruption means Russia needs $200 oil

Russia’s failure to stop graft and to diversify its economy means it needs high oil prices to match the economic growth of China and India, jailed former Yukos CEO Mikhail Khodorkovsky says.  More »
Former BP CEO Tony Hayward photographed at BP's West Houston offices Wednesday, May 5, 2010. (Photo: Michael Paulsen/Houston Chronicle )

Tony Hayward’s Vallares Raises $2.2B in IPO

The larger-than-expected initial public offering is a comeback for Hayward, who left BP after the Deepwater Horizon disaster and may be put in charge of any company Vallares acquires.  More »
(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |06.17.11|

Ethanol gets a senatorial slap. Andy Inglis returns. Permian players unite.  More »
Petroleos Mexicanos oil platforms in the Cantarell oil field in the Gulf of Mexico.  (Photo: Pemex/Bloomberg)

Mexico says $250M in oil stolen in 4 months

Increasingly sophisticated thieves stole almost one million barrels in the first quarter of 2011, making off with 50 percent more than what thieves stole in the same period of 2010, Pemex said.  More »
(Image: Fotolia)

Oil field workers get back pay

Houston’s Oilfield Drilling Equipment and Rig Co. agreed to pay back wages to avoid a legal fight, but believes it was correct in classifying workers as contractors, its president said.  More »
Exxon Mobil's refinery along the Ship Channel in Baytown (Houston Chronicle file photo)

Worker injured at Exxon’s Baytown refinery

The worker suffered steam burns across 25 percent of his upper body, Gary Beevers, who oversees the United Steelworkers’ oil sector, said in an e-mailed statement.  More »
(Photo: Brian Turner/Flickr)

Judge dismisses batch of oil spill court claims

The judge found that some claims brought by environmental groups were moot because BP’s blown-out well was killed last summer and was no longer spewing oil. The groups asked for a court order to prevent companies from operating in a manner that could result in future violations of environmental laws.  More »
The sun sets behind a group of pump jacks June 1, 2011, outside of Midland, Texas. (Photo: Brett Coomer/Houston Chronicle)

Laredo snaps up Broad Oak, creating larger Permian player

Joining of two private E&P firms creates a larger firm with a presence in Texas’ Permian Basin.  More »
An ethanol plant in Missouri  (AP file photo/Southeast Missourian, Aaron Eisenhauer)

Senate votes send mixed signals on ethanol subsidies

The Senate voted 59-41 to retain government funding for ethanol blender pumps and storage facilities just minutes after it adopted a measure that would end $5 billion a year in ethanol tax credits.  More »