Fuel Fix

Ethanol Subsidy

Study find ethanol helped lower gasoline prices by a $1

Mixing ethanol with gasoline helped reduce the cost of gasoline by more than a $1 in 2011, according to researchers at the University of Wisconsin-Madison and Iowa State University.  More »
Support trucks for hydraulic fracturing in the reflection of a car's side mirror outside Dimock, Pennsylvania. (Jim Lo Scalzo/EPA/Landov)

Taxpayers pay as fracking trucks overwhelm rural cow paths

When natural-gas drillers arrived in Wetzel County, West Virginia, resident Bill Hughes, a retired electrician, saw the benefits of producing a fuel that burns cleaner than coal. Then oversize trucks hauling drilling supplies began tearing up local roads, creating hazardous conditions.  More »
(Jennifer A. Dlouhy/The Houston Chronicle)

Texas judge: Coal permit won’t stand up in court

State environmental regulators did not follow federal guidelines when they issued an air permit for a proposed coal-fired power plant on the Gulf Coast, and a Texas judge indicated the paperwork is too flawed for construction to begin.  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 seen losing 500,000 barrels of oil shipments daily

Iran’s oil exports have the potential to fall another 300,000 to 500,000 barrels a day or more when the European Union’s embargo takes effect in July, according to Barclays Plc.  More »
The liquefied natural gas tanker Inigo Tapias makes its way through Boston Harbor past downtown Boston on Jan. 24, 2004. (AP Photo/Michael Dwyer)

Korea Gas, Shell start discussions on Canada LNG project

Royal Dutch Shell Plc (RDSA) and three Asian partners will jointly develop a liquefied natural gas export project in Canada’s British Columbia province and are in talks with local communities to win their support.  More »
A sign near the entrance marks Petrobras America's Ship Channel refinery, operated as Pasadena Refining System Inc. (Photo: Petrobras America)

Petrobras returns unit to service at Pasadena refinery

Petroleo Brasileiro SA (PETR4)’s Pasadena, Texas, refinery’s fluid catalytic cracker is back in service after it was shut down over the weekend following a power failure.  More »
(Photo: Steve Snodgrass/Flickr)

Evacs and drills pared near nuke plants

Without fanfare, the nation’s nuclear power regulators have overhauled community emergency planning for the first time in more than three decades, requiring fewer exercises for major accidents and recommending that fewer people be evacuated right away.  More »
(Photo: Julien Tromeur, Flickr)

Oil falls to 6-month low near $92 on US supplies

Oil prices dropped to fresh six-month lows near $92 a barrel Wednesday in Asia after a report showed U.S. crude supplies surged more than expected last week.  More »
(Photo courtesy of Shell Oil Co.)

Alaska group to evaluate how to advance tax debate

Supporters of changes to Alaska’s oil production tax structure have called for a meeting to discuss how best to advance the debate after another legislative defeat.  More »
permian basin

Anadarko shows interest in buying Chesapeake assets

Anadarko Petroleum’s new CEO says the company might be interested in purchasing Permian Basin assets of Chesapeake Energy, which is selling the acreage to pay down debt.  More »
Downtown Houston (Bobby L. Warren/Wikimedia Commons)

Houston ranks among the cities with highest utility bills

Houston is among the cities with the highest utility bills, according to a company that tracks costs.  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)

Moody’s maintains negative outlook on Chesapeake Energy

Moody’s is maintaining its negative outlook on Chesapeake Energy, despite an announcement late Friday of a $3 billion unsecured loan that the company will use to pay down its $4 billion revolving credit facility. Standard & Poor’s also is lowering Chesapeake Energy’s credit rating even further and company shares are down more than 5 percent.  More »
Michael Reed fills his gas tank at a station in Charlotte, N.C. (AP Photo/Chuck Burton)

Cheaper gas not enough to boost summer driving

Cheaper gas won’t be enough to get many more Americans on the road this summer. They’re still too worried about their jobs and the economy.  More »

Obama challenges oil companies to drill existing leases

The White House on Tuesday pushed back against the oil and gas industry’s claims that the Obama administration is blocking domestic energy development, releasing a new analysis showing that 46 million acres of federal lands and waters leased for drilling are sitting idle.  More »
(Photo: Anadarko)

Anadarko expands massive Mozambique discovery

Anadarko’s Golfinho exploration well hit more than 193 net feet of natural gas pay offshore Mozambique, the company announced Tuesday.  More »