Fuel Fix

An insurance agent looks at a destroyed home in San Bruno, Calif., Friday, Sept. 24, 2010, two weeks after a gas pipeline explosion. (AP file photo/Paul Sakuma)

City sewer work may have set off California pipeline blast, panel says

An independent five-member panel said sewer work may have ultimately triggered the PG&E accident, but didn’t make a finding on the root cause of the September explosion. The blast killed eight people and destroyed 38 homes in San Bruno, Calif.  More »
(Photo: Steve Snodgrass/Flickr)

Gasoline prices slip 5 cents in Texas, AAA reports

Pump prices fell for the fourth straight week, to an average of $3.58 a gallon, AAA Texas reported, The average price per gallon nationally is also down 5 cents, reaching $3.73.  More »
OPEC Secretary General Abdullah Al-Badri, right, and Oil Minister of Iran and OPEC President Mohammad Aliabadi, left, talk to each other during a press conference after the oil cartel's meeting in Vienna, Austria, Wednesday, June 8, 2011. (AP Photo/Bela Szandelszky)

OPEC in crisis: Dissent within erodes the cartel’s power

The group’s admission this week of major dissent within its ranks has left it reeling and its status as the world’s oil power-broker tarnished, perhaps beyond repair. But is a weakened cartel good or bad for consumers?  More »
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Oil field values are expected to grow 72 percent over the next five years, reflecting growing demand in Asia and South America. (AP Photo/Energy Department)

Petroleum reserve — the key word is ‘strategic’

The SPR is designed to offset major supply disruptions on an emergency basis, Loren Steffy writes. Despite President Obama’s recent remarks, the loss of Libyan crude simply hasn’t had the market impact to warrant tapping it.  More »
(Image: Fotolia)

Oil climbs above $101 on concerns about future supplies

World oil demand is expected to outpace supplies later this year by the widest margin since 2007. Analysts aren’t sure if production boosts from Saudia Arabia and a few other oil-producing nations will be enough to meet demand.  More »
A natural gas well in the  Greater Natural Buttes (Photo: Anadarko)

Feds give Anadarko green light for drilling in Utah natural gas field

The project covers about 250 square miles in the Greater Natural Buttes area near the Colorado border. Officials say the project could yield 6 trillion cubic feet of natural gas.  More »
(AP file photo/Mary Altaffer)

NYMEX triggered trading pause after slide in nat gas futures

The overnight decline may have been caused by algorithmic trading, in which computer programs are used to enter orders and determine the timing, price or other aspects of the trade.  More »
US-ChemicalSafetyBoard-Logo

Federal safety agency takes dispute with Houston to Gov. Perry

The Chemical Safety Board wants Houston to adopt industry standards on pressure vessels, but the city has resisted the change.  More »
Ford's C-Max minivan (AP Photo/Ford Motor Co.)

Ford to build hybrid-only minivan

The minivan is based on a five-passenger van, the C-Max, which is already sold in Europe but runs on gasoline. It will be Ford’s first U.S. vehicle sold only as a hybrid.  More »
A technician works on one of the Strategic Petroleum Reserve's wellheads at an undisclosed location on the Gulf Coast. (AP file photo/U.S. Energy Department)

Time to tap the Strategic Petroleum Reserve?

With gasoline prices still stubbornly high and little relief in sight, President Barack Obama and some lawmakers are taking a closer look at tapping the U.S. Strategic Petroleum Reserve, but some experts doubt such a move would have the intended effect.  More »
(Image: Fotolia)

Exxon’s Gulf oil discovery may reduce costs for Anadarko, Plains

The oil giant’s big find at the Hadrian field has the potential to reduce costs and speed production at the nearby Lucius prospect owned by Anadarko Petroleumand Plains Exploration & Production.  More »
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2 oil giants are giving Gulf new lease on life

A major discovery by Exxon Mobil and multibillion dollar production investment by Shell Oil offered new signs of life to Gulf of Mexico oil and gas work slowed by regulations imposed after last year’s spill.  More »