Fuel Fix

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)

Oil stays above $100 a barrel

Natural gas futures surged by 10 cents to finish at $2.53 per 1,000 cubic feet. Analysts say investors are betting that prices have dropped about as far as they’ll go, and they’ll eventually rebound.  More »
Interior Secretary Kenneth Salazar appears during a news conference in Boston for the Cape Wind offshore project in 2011. (Charles Krupa/AP file photo)

Salazar says fracking rules coming in ‘a few weeks’

Interior Secretary Ken Salazar said his department would formally unveil its highly anticipated rules for hydraulic fracturing on federal lands in just “a few weeks.”  More »
Fire boat response crews battle the blazing remnants of the Deepwater Horizon rig in the Gulf of Mexico in April 2010.  (Photo: HO/AFP/Getty Images)

Transocean, federal safety board battle over spill subpoenas

U.S. District Judge Lee Rosenthal set an April 11 hearing on a dispute between the U.S. Chemical Safety and Hazard Investigation Board and Transocean over whether the board has jurisdiction to subpoena documents related to the Deepwater Horizon disaster.  More »

(Photo: Flickr, Caston_Corporate)

CVR Energy should put itself up for sale

CVR Energy Inc., the oil-refining company that was taken public in 2007 by Goldman Sachs Group Inc., should put itself up for sale to gain benfits from higher gasoline prices, billionaire investor Carl Icahn said.  More »
The existing Keystone oil pipeline is constructed in North Dakota.   (Photo courtesy of TransCanada)

TransCanada hopes for 2015 Keystone startup date

TransCanada has pushed back the possible startup date of a controversial pipeline that would carry Canadian oil to refineries in Texas.  More »
A gas station attendant pumps gas in North Brunswick, N.J. (AP file photo/Mike Derer)

Don’t expect gasoline prices to go down any time soon

As the price of gasoline at the pump continues to soar nationally, Houston motorists can breathe a sigh of relief as prices remain a bit lower here.  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)

Midmarket Eagle Ford drillers have shot at funds

Midsize oil producers with solid track records in the Eagle Ford Shale will find it easier to borrow money, an expert said Monday at a series of seminars sponsored by the Texas Alliance of Energy Producers.  More »
The mobile offshore drilling unit Development Driller III at the Deepwater Horizon site on May 7, 2010. (U.S. Coast Guard file photo)

Judge tosses spill claims against BP contractor

A judge has dismissed all of the federal court claims against a BP PLC contractor sued over a deadly rig explosion and the massive oil spill it spawned in the Gulf of Mexico in 2010.  More »
The Trans-Alaska pipeline (Photo: BP)

Analyst says trans-Alaska pipeline flow can grow

Gov. Sean Parnell’s goal of nearly doubling the flow of oil through the trans-Alaska pipeline could be achieved over the next 10 to 15 years — but not without major fiscal and policy changes, a consultant said.  More »
Members of the Iran Navy participate in a 2011 drill in the Sea of Oman. (AP Photo/International Iran Photo Agency, Ali Mohammadi)

Iran may disrupt Hormuz shipping, supporting oil price

Iran might respond to sanctions with low-level provocation such as slowing shipping through the Strait of Hormuz, keeping oil prices at “their currently high level,” according to three Standard & Poor’s reports.  More »
Chevron's Genesis platform is shown in the Gulf of Mexico.  (AP Photo/Mary Altaffer)

Chevron-led Kazakh oil venture plans $6 billion drilling program

Chevron Corp. (CVX)’s Kazakh oil venture plans to spend $5 billion to $6 billion in the next five years drilling at Tengiz, the Central Asian country’s biggest producing field,to sustain output.  More »
Drivers test out the Nissan Leaf electric car at the 2010 Los Angeles Auto Show (AP file photo/Damian Dovarganes)

Batteries to compete with gas peaker plants by 2016

Falling prices for lithium-ion batteries will make power-storage systems competitive with natural gas as a source of electricity during periods of high demand by 2016, according to the chief executive officer of A123 Systems Inc.  More »
Protesters of the proposed Keystone XL oil pipeline at a rally in Washington, D.C., Nov. 6, 2011. (Puneet Kollipara / the Houston Chronicle)

GOP to push votes on Keystone XL, drilling measures

Congressional Republicans will move to get legislation approving the Keystone XL pipeline through the House and Senate by using surface-transportation bills that both chambers are taking up this week. The House version of the transportation bill also contains provisions expanding oil-and-gas drilling.  More »
Demonstrators hold up signs in front of the White House in Washington, Friday, Sept. 2, 2011, to protest the Keystone XL Pipeline project in the US, and the Tar Sands Development in Alberta Canada. (AP Photo/Luis M. Alvarez)

Keystone XL foes flood senators with “vote no” messages

Environmental activists are staging a 24-hour campaign to send 500,000 messages to senators urging them to oppose legislation approving the Keystone XL pipeline that could come up for a vote in the Senate this week.  More »
(Image: Fotolia)

Oil settles above $100 a barrel

Investors were encouraged that Greece would get the bailout money it needs.  More »