Fuel Fix

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Oil rises above $107 after key jobs report

The average price for gasoline is already more than $4 per gallon in California, Alaska and Hawaii.  More »
Opponents of the proposed Keystone XL pipeline protest the project in front of the White House on Saturday, Aug. 20, 2011. (AP Photo/Manuel Balce Ceneta)

Keystone XL supporters, opponents spin Thursday’s vote

Keystone XL supporters and opponents took away small victories after the Senate rejected a bill amendment that would have reversed the Obama administration’s decision to deny a permit to for the controversial pipeline.  More »
(AP file photo/David J. Phillip)

Dynegy Transfer of Coal Assets Was Fraudulent, Examiner Says

Dynegy Inc.’s transfer of coal-fired power plants from a unit it later put into bankruptcy was fraudulent and harmed creditors, a court-ordered investigation found.  More »
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Members of the Iran Navy participate in a 2011 drill in the Sea of Oman. (AP Photo/International Iran Photo Agency, Ali Mohammadi)

Mullen: U.S. energy boom could shift security risk in Middle East

Former U.S. Joint Chiefs of Staff Chairman Mike Mullen said U.S. energy independence could impact security issues in the Middle East, during the CERAWeek energy conference.  More »
Exxon Mobil Corp. chairman and chief executive Rex W. Tillerson speaks to reporters during a news conference. (AP file photo/LM Otero)

Exxon Mobil’s Tillerson blasts ‘misinformation’, government confusion

Exxon Mobil CEO Rex Tillerson blasted today what he described as government confusion and widespread misinformation that is hampering energy companies, urging the industry to play a more active and forceful role in responding to both issues.  More »
Workers move a section of well casing into place at a Chesapeake Energy natural gas well site near Burlington, Pa. (AP Photo/Ralph Wilson, File)

Ohio: Injection well led to quakes

A dozen earthquakes in northeastern Ohio were almost certainly induced by injection of gas-drilling wastewater into the earth, state regulators said Friday as they announced a series of tough new rules for drillers.  More »
(AP file photo/David J. Phillip)

El Paso Shareholders Approve $24 Billion Kinder Morgan Deal

El Paso Corp.’s shareholders approved Kinder Morgan Inc.’s $24 billion takeover bid, which will create the biggest U.S. pipeline company.  More »
Prices for regular and diesel are posted in front of a service station in Mercer Island, Wash., near Seattle. A four-day rise in oil prices stalled Wednesday following a weak report on Chinese manufacturing and lingering concerns about Greece's bailout. The price of West Texas Intermediate, the benchmark for oils produced in the U.S., fell 46 cents to $105.79 a barrel in afternoon trading on the New York Mercantile Exchange. (AP Photo/Elaine Thompson)

Exxon executive says $5 per gallon unlikely in near future

Exxon Mobil CEO Rex Tillerson said American drivers shouldn’t worry about $5-per-gallon gas.  More »
(AP Photo/Reed Saxon)

Steffy: Outlook for airfares: up, up and away

Airfares are expected to keep climbing and planes will remain crowded as carriers cut routes to combat higher fuel prices, the Federal Aviation Administration predicts.  More »
An El Paso well in the Altamont field in Utah (Photo: El Paso Corp.)

Steffy: Little to brag about in El Paso deal

You can almost feel the collective shoulder shrug from El Paso shareholders.  More »
Protestors scale a shale gas rig at Banks, near Southport, England bringing a halt to work at the Cuadrilla Resources site Wednesday  Nov. 2 , 2011.  Cuadrilla Resources, which is drilling for gas in northwestern England, said Wednesday that independent experts concluded that the tremors were due to an unusual combination of geology and operations, and were unlikely to happen again. The company said local geology would limit any future seismic events to around magnitude 3 on the Richter scale. The tremor on April 1 measured 2.3 on the Richter scale.  Local campaigners have mounted a "Frack Off" campaign to oppose the drilling technique that cracks open rock layers to free natural gas.  (AP Photo/Peter Byrne/PA)

Fracking failing to crack China, Europe shale, Exxon says

Some shale formations in Europe and China are impervious to drilling techniques that opened vast reserves of natural gas and oil from Texas to Pennsylvania, said Rex Tillerson, Exxon Mobil Corp. (XOM)’s chief executive officer.  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)

Senate rejects Republican plan to approve Keystone line

Senate Republicans vowed to try again to speed up approval of TransCanada Corp. (TRP)’s Keystone XL oil pipeline after falling four votes short of rounding up enough Democratic support to expedite the project.  More »