Fuel Fix

Republican presidential candidate, former Massachusetts Gov. Mitt Romney holds a news conference outside the Solyndra manufacturing facility in Fremont, Calif.  Mitt Romney mischaracterized an Energy Department Inspector General investigation when he claimed it found the Obama administration had steered federal contracts to friends and family at Solyndra, the California solar company that went bankrupt. (AP Photo/Mary Altaffer, File)

Romney misses a mark on Solyndra claim

Republican presidential contender Mitt Romney has revived charges about the failed solar company Solyndra as he assails President Barack Obama’ green energy policy. But he didn’t get the story completely straight when he accused the administration of favoring “cronies.”  More »
Oil workers at the West Qurna Phase 2 field in the Basra region of Iraq in 2010.  (AP file photo/Nabil al-Jourani)

Chevron Phillips Chemical signs letter to study Iraq plant

Iraq and Chevron Phillips Chemical Co., a joint venture of Chevron Corp. (CVX) and ConocoPhillips (COP), signed a letter of intent to evaluate the feasibility of developing a petrochemical plant in the country, officials said.  More »
Al Armendariz will have a panel of the House Energy and Commerce Committee grill him Wednesday about his comments and record as EPA head of an area overseeing energy-rich states. Photo: AP GraphicsBank

‘Crucify’ comment prompts House inquisition

Al Armendariz, the EPA official who once joked about crucifying corporate polluters, may be in for a more modest form of torment this week at the hands of House Republicans.  More »
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Oil pumps work at sunset Monday, Jan. 2, 2012, in the desert oil fields of Sakhir, Bahrain, in the Persian Gulf. (AP Photo/Hasan Jamali)

Iran sets up new oil storage facility in Bushehr

Iran has set up a crude oil storage facility with a capacity of 1 million barrels in the southwestern Bushehr province, Press TV reported, citing an Iranian Offshore Oil Co. official.  More »
U.S. Army soldiers walk past military armored vehicles in Baghdad, Iraq.  (AP Photo/Khalid Mohammed)

Army trying to make bases energy independent

The barrel-like oven transforming wood chips into electricity with a Ford auto engine hardly seems like battlefield equipment, but Army officials say it may save lives.  More »
Secretary of State Hillary Rodham Clinton. (AP Photo/Jacquelyn Martin)

Clinton urges cooperation in resource-rich Arctic

U.S. Secretary of State Hillary Rodham Clinton on Saturday ventured north of the Arctic Circle and urged international cooperation in a region that could become a new battleground for natural resources.  More »
(AP file photo/David J. Phillip)

Dynegy settles with bondholders

Dynegy Inc.’s bankruptcy settlement with bondholders, a deal that will hand ownership of the power producer to creditors, was approved by a judge.  More »
Kurt Mix leaves the federal courthouse in Houston after he was freed on bail. The former BP engineer is accused of obstruction of justice in connection with the 2010 Gulf of Mexico oil spill. Cody Duty / Houston Chronicle

Judge in BP criminal spill case may have conflict

U.S. District Judge Stanwood Duval told lawyers at a closed-door meeting Thursday that he owns a camp near Grand Isle, Louisiana, the main beach where the oil spill washed ashore in 2010, according to a court filing Friday.  More »
Royalties from oil production on state lands is pushing Texas' Permanent University Fund toward a record $1 billion in annual revenue. (AP Photo/Hasan Jamali)

As oil falls, gasoline could go below $3

On Friday, oil plunged nearly 4 percent as a bleak report on U.S. job growth heightened worries about a slowing global economy.  More »
(Image: Fotolia)

Steffy: Electricity prices could be a rising target for Texans

This is the summer of truth for Texas’ costly experiment in electricity deregulation. By the time the first cool front rolls across Texas in the fall, it should be clear that under our current system, electricity can be cheap, or it can be reliable, but it can’t be both. And it may be neither.  More »
(Photo: ToddMorris/Flickr)

Companies asking to change fixed-rate contracts

Several retail electric providers are asking whether changes to wholesale power prices could allow them to break current fixed-rate contracts with consumers.  More »
(Photo: BFS Man)

Texas should triple wholesale prices to avert blackouts

Texas regulators should triple peak wholesale power prices to avert blackouts later this decade when electricity demand is predicted to outstrip supply, according to a report today by Brattle Group Inc.  More »