Fuel Fix

Former Yukos CEO Mikhail Khodorkovsky walks inside a glass wall at a court in Moscow, Russia, Tuesday, May 24, 2011.  (AP Photo/Misha Japaridze)

U.S. slams Russia over Mikhail Khodorkovsky’s treatment

The Obama administration says it has serious concerns about due process violations in this week’s decision to uphold the former Yukos Oil chief’s conviction for stealing billions of dollars’ worth of oil and laundering the proceeds.  More »
Shukri Ghanem (AP file photo/Patricio Realpe)

Libya’s oil chief will attend OPEC meeting, official says

The oil minister had left for Tunisia on May 16 in a move several of his close colleagues described as a defection. The news was seen as a blow to leader Moammar Gadhafi, whose forces are locked in a battle with rebels in the east.  More »
(Image: EPA)

Car labels to show fuel use compared to other vehicles

The federal government will require cars and light trucks to be labeled with their estimated five-year fuel costs compared to those of the average new vehicle. The new rules, announced after automakers objected to labels bearing letter grades for fuel efficiency, would go into effect in 2013.  More »
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Sen. David Vitter, R-La. (AP file photo/Susan Walsh)

Senator blocks pay hike for Ken Salazar in drilling battle

Sen. David Vitter, R-La., blocked an almost $20,000 raise for the Interior Department secretary but then offered to allow the raise to go forward if the Interior Department issues six new deep-water permits a month.  More »
A sign marks the entrance of the secluded Exxon Mobil corporate headquarters in Irving, Texas. (AP file photo/LM Otero)

Exxon faces questions about natural gas push

Since buying XTO Energy last year for $29 billion, Exxon has become the largest natural gas company in the United States. It now owns more gas than crude oil. Shareholders at a meeting today voted on whether to disclose more information about how Exxon uses hydraulic fracturing to unlock shale gas plays.  More »
Traders of crude oil and natural gas react during early trading at the New York Mercantile Exchange. (AP file photo/Bebeto Matthews)

New energy trading rules coming fast and furious

The Dodd-Frank Act passed by Congress last year has regulators at the Commodity Futures Trading Commission and the Securities and Exchange Commission drafting dozens of new rules. With the changes slated to go into effect this summer, the industry is scrambling to keep up.  More »
GM's electric Chevy Volt  (AP Photo/J. Scott Applewhite)

Obama orders government to buy alternative fuel vehicles

President Barack Obama directed federal agencies to buy more hybrid and electric cars under a plan that will require the government to purchase only alternative fuel vehicles by 2015.  More »
(Photo: Brenda Gottsabend/Flickr)

Eagle Ford’s calling card: Help wanted

Drilling in the Eagle Ford shale formation in south-central Texas has brought about a wave of hiring, with thousands of jobs being added.  More »
(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |05.25.11|

Gasoline in decline. Goldman masters oil. CFTC claims manipulation. Gov’t goes alt-fuel.  More »
A BP claims center in Houma, La.  (Photo: Spencer Platt/Getty Images)

Louisiana lawmakers ask Feinberg to keep offices open

Legislative leaders say the closure of three claims offices could increase frustrations against the Gulf Coast Claims Facility and would be a disservice to those still struggling to recover from the Deepwater Horizon disaster.  More »
(AP Photo)

TCEQ: Turning up refinery flares could fix Houston’s air

Small changes in the use of open flames, or flares, to burn off pressurized gases at oil refineries and chemical plants could help improve Houston’s air quality, a new study suggests.  More »
An El Paso well in the Altamont field in Utah (Photo: El Paso Corp.)

Houston-based El Paso Corp. is splitting in two

Natural gas pipeline giant El Paso Corp. will spin off its growing exploration and production business into a stand-alone public company, a move that has long been anticipated by analysts and investors.  More »