Fuel Fix

(Photo: Keoki Seu, Flickr)

Sugar cane grows on oil as $71 billion bet outspends D.C.

BP Plc (BP/) has invested $7 billion in alternative energy since 2005. Exxon Mobil Corp. (XOM) is spending $600 million on a 10-year effort to turn algae into oil. And Royal Dutch Shell Plc (RDSA) has been buying up sugar cane mills, plantations and refineries to make ethanol in Brazil.  More »
Signs opposing the hydraulic fracturing process of drilling for gas, or "fracking"  are posted in Evans City, Pa. (AP Photo/Keith Srakocic, File)

Tribal leader opposes proposed fracking rule

A former president of the National Congress of American Indians says his tribe opposes proposed federal rules to require companies drilling for oil and gas on public and Indian lands to disclose chemicals used in hydraulic fracturing.  More »
(Photo: Mike Hill)

Salazar: lizard might not be listed as endangered

U.S. Interior Secretary Ken Salazar said Wednesday that the dunes sagebrush lizard might not be listed as endangered if enough energy companies and ranchers voluntarily agree to preserve the sand-dwelling reptile’s habitat.  More »
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Newly independent ConocoPhillips will expand in North America, CEO says

In the first shareholders meeting since ConocoPhillips split from its refineries, CEO Ryan Lance said the company will expand in Texas regions with a high content of natural gas liquids.  More »
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)

Big supplies help push crude prices down again

Oil fell for a sixth day after crude stockpiles increased in the U.S., the world’s largest consumer of the commodity.  More »
Rep. Louie Gohmert, R-Texas, hoists legislation during a news conference on Capitol Hill. (AP Photo/J. Scott Applewhite)

Quid pro quo? Texas Republican suggests feds went easy on BP

Texas Rep. Louie Gohmert today suggested that the Obama administration turned a blind eye toward BP’s safety problems before the Gulf oil spill because the company promised to support White-House backed climate change legislation and the 2010 health care law.  More »
2010 Form 1040

Houston Energy leaders challenge proposed increase in dividends tax

Two Houston energy executives are among 19 CEOs who are asking the administration to reconsider a proposed hike in income taxes on capital gains and dividends.  More »
An oil worker walks pass the manifold (right) and frac pumps (left) at a Chesapeake Energy hydraulic fracturing operation near Carrizo Springs, Texas in 2011. (John Davenport/San Antonio Express-News)

Report: Booming Eagle Ford Shale created 48K jobs

An oil and gas bonanza in South Texas supported nearly 48,000 jobs last year while creating overnight boom towns cashing in on a $25 billion economic windfall from the liquid-rich Eagle Ford shale, according to a university study released Wednesday.  More »
(AP Photo/Pablo Martinez Monsivais)

Obama warms to energy industry by supporting natural gas

Huddled around the West Wing table were an unlikely group of co-conspirators with the administration of U.S. President Barack Obam  More »
(AP file photo/Sue Ogrocki)

Valero may have buyer for Aruba plant

Valero Energy Corp. said an interested party may be interested in buying its Aruba refinery for $350 million, plus working capital, according to a regulatory filing.  More »
Heather Peters, who says her 2006 Honda Civic Hybrid never achieved the gas mileage Honda claimed in its advertising, and also did a computer upgrade that further diminished the mileage, arrives at Small Claims Court in Torrrance, Calif., Tuesday, Jan. 3, 2012. Peters had opted out of a class action settlement agreed to by Honda because it does not provide enough remuneration. On Feb. 1, 2012, it was announced that Peters had won her unusual lawsuit against the auto giant over the vehicle's failure to deliver the promised mileage. A Los Angeles Superior Court commissioner has awarded Peters $9,867, just under the Small Claims Court limit of $10,000. (AP Photo/Reed Saxon)

Honda wins appeal of small-claims hybrid judgment

A judge overturned a nearly $10,000 small-claims judgment against American Honda Motor Co. that was won by a car owner who said the automaker misrepresented the gas mileage of her hybrid Civic, according to a ruling released Wednesday.  More »
Republican presidential candidate, former Massachusetts Gov. Mitt Romney speaks at a campaign stop held at KP Kauffman Co., an oil and gas production and drilling company in Fort Lupton, Colo.,Wednesday, May 9, 2012. (AP Photo/Jae C. Hong)

Romney says Obama has failed on energy policy

Republican Mitt Romney says President Barack Obama claiming credit for increased American energy production is akin to Romney saying he was responsible for the Red Sox winning the World Series when he was Massachusetts governor.  More »