Fuel Fix

More oil rigs shut down this week

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Categories: Crude oil, featured, Markets
The number of U.S. rigs chasing oil fell to a total of 646 this week, according to a weekly tally by oil service company Baker Hughes.
Alan Sadler

Feds’ plan to boost biofuel targets draws fire from all sides

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In trying to balance the competing interests of oil companies and biofuel producers, the Environmental Protection Agency’s proposed renewable fuel quotas for 2014, 2015 and 2016 have pleased almost no one.

Kurt Mix arrives at the Hale Boggs Federal Building in New Orleans in December 2013. (AP Photo/Jonathan Bachman)

Prosecutor: Former BP engineer destroyed Gulf spill evidence

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A former BP Plc engineer deliberately destroyed evidence sought by the U.S. for a probe of the 2010 Gulf of Mexico well explosion and oil spill, a federal prosecutor said at the end of a trial in New Orleans.
Texas Solar Outfitters installs solar panels in a newly constructed home located in the Dominion Falls subdivision in Humble, Texas.

Clean energy boosters blast feds’ forecast

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Clean energy enthusiasts on Monday said the government is lowballing the industry’s potential.
Categories: Solar, Wind

Mexican President Enrique Pena Nieto. (Yasuyoshi Chiba/AFP/GettyImages)

End of Mexico’s oil monopoly near as states ratify bill

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Mexico’s bill that ends a 75-year state oil monopoly will be sent to President Enrique Pena Nieto for enactment after a majority of states ratified the proposal.
(AP Photo/Hasan Jamali)

US oil boom’s end in sight, feds say

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U.S. oil production is on track to reach a near historic high by 2016, before leveling off and eventually beginning to taper in 2020, according to a new federal forecast.
A crew works on a gas drilling rig at a well site for shale based natural gas in Zelienople, Pa. (AP Photo/Keith Srakocic)

Drilling under Pennsylvania park could reap millions

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The county that includes Pittsburgh could reap more than $73 million by leasing a public park for gas well drilling, a newspaper reported Sunday.
Categories: Natural gas
A crew works on a Marcellus Shale drilling rig to produce natural gas. (AP Photo/Keith Srakocic)

US shale boom shakes Britain’s $33B chemicals industry

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By 2020 the chemicals industry in the U.S. will be 21 percent larger than in Europe, from near parity now, according to the American Chemistry Council.
Categories: Natural gas
(Image: Fotolia)

Oil dips on China economic data

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The price of oil dipped slightly on Monday as a report on manufacturing in China signaled that a recovery in the world’s No. 2 economy would continue to be uneven.
Categories: Asia, Crude oil, Markets