Fuel Fix

A drilling rig aims for oil in the Bakken Shale near Watford City, N.D. (AP Photo/James MacPherson)

ND Bakken well will pump nearly 3 decades

State officials say a typical well drilled in the rich Bakken and Three formations will produce about 540,000 barrels of oil over its 29-year lifespan.  More »

Steffy: Government mandate doesn’t make a market

Mandating bio-fuels and trading credits doesn’t lower refiners’ production costs, nor does it create opportunity for their businesses through risk and reward. Instead, it’s establishing a disincentive designed to change behavior even though it isn’t in refiners’ economic interests.  More »
(Photo: Toyota Co.)

Toyota Prius escapes niche to surge into global top three

Toyota Motor Corp. (7203)’s Prius, a niche oddity when it went on sale 15 years ago, jumped to the world’s third best-selling car line in the first quarter as U.S. demand and incentives in Japan turned the hybrid into a mainstream hit.  More »
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Nissan Motor Co.'s gas-engine NV200 vehicle is displayed at the automaker's headquarters in Yokohama, near Tokyo. (AP Photo/Itsuo Inouye)

Nissan EVs tested in New York amid standard debate

Nissan is supplying New York City with fuel-efficient cabs, including six electric cars for testing, but acknowledged uncertainties Tuesday about an ongoing “debate” over charging standards for electric vehicles.  More »
2012 Fisker Karma. (Photo: Fisker Automotive)

Fisker’s luxury plug-in car revenue exceeds $100 million

Fisker Automotive Inc., a maker of luxury plug-in cars working to overcome battery problems, said its rechargeable Karma sedans generated revenue of more than $100 million in the first four months of this year.  More »
A contractor closes a valve on a tanker truck at a Range Resources hydraulic fracturing operation in Pennsylvania. (AP Photo/Keith Srakocic)

Drilling boom spurring clean up push

The oil and gas drilling boom that has sent thousands of workers and rigs into North Dakota, Pennsylvania, Arkansas and Texas now is spurring another gold rush, as companies jockey to clean up the briny, metal-laden water that pours out of wells nationwide.  More »
Warren Buffett, chairman and CEO of Berkshire Hathaway Inc. (Photo: Andrew Harrer/Bloomberg)

Investors lose on Texas electric utility stakes

The company now called Energy Future Holdings is making multimillion-dollar retention bonus payments to executives and cash payments to private equity holders, The Dallas Morning News reported.  More »

Think the gas pump is wrong? You may be right

State inspectors have found hundreds of gas stations in the greater Houston area — 350 or more — that likely stiffed motorists because of poorly performing pumps.  More »

BLM rejects permit for methane bacteria project

Federal land managers have rejected an application by a Colorado company to use bacteria to produce methane from northeast Wyoming coal beds.  More »
(AP Photo/Franklin Reyes)

Cuba’s oil dreams yet to materialize

After the first attempt in nearly a decade to find Cuba’s hoped-for undersea oil bonanza has come up dry, the island’s leaders and their partners must regroup and hope they have better luck – quickly.  More »
Dust permeates the air at a Chesapeake Energy Co. hydraulic fracturing operation at a well site near Carrizo Springs, Texas. (John Davenport/San Antonio Express News)

Chesapeake governance issues a factor for Oil India

Oil India Ltd., armed with as much as $1.3 billion cash for acquisitions, will consider Chesapeake Energy Corp.’s “corporate governance issues” before investing in the explorer’s shale assets in the U.S.  More »
TNK-BP headquarters in Moscow (AP file photo/Misha Japaridze)

CEO of TNK-BP unexpectedly quits

Russian tycoon Mikhail Fridman on Monday unexpectedly announced his resignation as chief executive of TNK-BP, a sign of rising tensions between shareholders at the Russian venture of British company BP.  More »
(AP Photo/Reed Saxon, file)

Driving season begins, as does griping about gas

It’s Memorial Day weekend and our national obsession with the price of gasoline is in focus once again.  More »
Carl Icahn (AP file photo/Mark Lennihan)

Icahn reveals Chesapeake stake

Activist investor Carl Icahn has taken a sizable stake in Chesapeake Energy Corp. and is calling for at least four of company’s directors to be replaced.  More »
An oil pump works in the Persian Gulf desert oil fields of Sakhir, Bahrain. (AP Photo/Hasan Jamali, File)

Oil holds near 2012 low

Both crude varieties have tumbled this month on forecasts of weaker world demand and higher supplies.  More »