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)

Your clothes might not say it, but they’re made from oil

You might not notice it, but nearly everything you wear or touch is probably made from petroleum.  More »
Exxon Mobil Corp. chairman and chief executive Rex W. Tillerson speaks to reporters during a news conference. (AP file photo/LM Otero)

Typical CEO made $9.6M last year, AP study finds

Profits at big U.S. companies broke records last year, and so did pay for CEOs.  More »

Chesapeake conflict of interest seen in Thunder playoffs

Chesapeake Energy Corp. (CHK), whose top executive invested in the Oklahoma City Thunder, almost doubled its spending on the professional basketball team during the past four years buying tickets, luxury box seats and naming rights for the home arena.  More »
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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 legislators approve new drilling rules

Rules regulating oil and gas well construction, water handling, and the disclosure of chemicals used in drilling cleared final legislative hurdles Thursday before heading to Gov. John Kasich.  More »
(Photo by Joe Raedle/Getty Images)

Where in the World is the Cheapest Gas?

Gas prices are from April 2 to April 11. Data weren’t available for some countries and the ranking excludes countries where per capita income is less than $4 a day. Premium gas prices are used to achieve equivalent octane comparisons.  More »
Oil sands operations near Fort McMurray in Alberta, Canada. (AP file photo/Canadian Press, Eamon Mac Mahon)

Oil sands company raises $11M for Utah project

A tiny Canadian company announced it had raised enough money to start producing oil from Utah’s tar sands for a first-of-its kind project in the U.S.  More »
(Image: Fotolia)

Prosecutors: ex-BP engineer’s bail conditions should stand

A former BP engineer charged with destroying evidence sought for a U.S probe of the 2010 Gulf of Mexico oil spill shouldn’t be released from the travel restrictions imposed on him, the U.S. said.  More »
(John Davenport/San Antonio Express-News)

Kinder Morgan completes $21 billion mega-deal with El Paso

Joining the two Houston-based companies has formed a mammoth network of natural gas pipelines and storage across the country.  More »
(AP Photo/Marine Well Containment Co.)

Feds order deep-water drill of containment systems

The Obama administration is ordering a live, deep-water test of emergency equipment designed after the 2010 oil spill to cap and contain crude flowing from damaged subsea wells. The drill will build on past “tabletop” exercises to evaluate the readiness and effectiveness of the containment systems.  More »
Workers join sections of pipe on a Trinidad Drilling rig leased by Chesapeake Energy north of Douglas, Wyo. Photo: Alan Rogers / Copyright 2012 CASPER STAR-TRIBUNE

Chesapeake to sell Colorado land, wells

Chesapeake Energy Corp. confirmed Thursday that it intends to sell half a million leasehold acres, as well as 29 wells in Colorado as it continues a scramble to shrink its footprint and address a cashflow shortfall.  More »
Workers in protective suits and masks wait to enter the emergency operation center at the crippled Fukushima Dai-ichi nuclear power station in Okuma, Japan in 2011. (AP Photo/David Guttenfelder, Pool)

Fukushima’s estimated radiation leak doubles versus government

Tokyo Electric Power Co.’s crippled Fukushima nuclear plant may have released twice as many radioactive particles than Japan’s government estimated, the utility said in a report today.  More »
(Photo: Matt Churchill/Flickr)

Top Senate Democrat predicts no big energy changes this year

When Sen. Jeff Bingaman ends his 30-year career in the Senate next January, the New Mexico Democrat will leave Capitol Hill without accomplishing one of his major priorities: adoption of a nationwide clean energy standard that would force power utilities to generate a steadily increasing share of their electricity from low-carbon sources.  More »
Oil pumps are seen at sunset in the desert oil fields of Sakhir, Bahrain, where water stands from a recent rainstorm. Oil prices edged higher to near $101 a barrel Thursday in Asia amid a surge in global stock markets after major central banks pledged to lower borrowing costs. (AP Photo/Hasan Jamali)

Europe to spend a record $500 billion on oil imports

Europe is on track to spend a record of more than half a trillion dollars on oil imports this year, far more than Greece’s debt total and a difficult prospect considering regional economic challenges, a top International Energy Agency official said.  More »
The sign at the entrance of the DuPont Spruance Plant in Richmond, Va.  (AP Photo/Steve Helber)

Low natural gas prices continue to drive commodity chemicals industry

The U.S. commodity chemical industry that manufacture chemicals linked to natural gas are expected to have a strong 2012, Moody’s has estimated in a report issued Wednesday.  More »
(Photo: Brian Turner/Flickr)

Texas judge’s campaign centers on the EPA

A Texas state judge is promoting his recent decisions favoring a gas driller in its dispute with a local landowner as part of his election campaign, a move some legal scholars say may violate state judicial ethics rules.  More »