Fuel Fix

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 »
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(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 »
Nesting pelicans are seen landing as oil washes ashore at an island near Louisiana in May 2010. (AP Photo/Gerald Herbert)

One word in spill case could mean billions

As BP and others involved in the 2010 Gulf of Mexico oil spill negotiate possible settlements ahead of a now-delayed trial, billions of dollars in fines and damages could ride on the legal issue of whether BP and other companies acted with gross negligence.  More »
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OPEC sees flat oil market for 2012

OPEC is predicting a flat market for oil due to weak economic performance in developed nations.  More »
Mohammad Rezaie changes the gas prices at his Union 76 gas station in Oakland, Calif., Friday, Nov. 11, 2011.  The price of oil is flirting with $100 per barrel for the first time since the summer, as fears fade that Europe's debt crisis will spread and trigger another recession. (AP Photo/Paul Sakuma)

Romney: Obama ‘in part’ to blame for gas prices

Seeking to tap into the public’s concern over rising gas costs, Mitt Romney on Thursday said President Barack Obama was “in part” to blame for higher prices at the pump.  More »