Fuel Fix

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Oil prices at highest since May on Iran concerns

The price of oil jumped more than 4 percent Tuesday to the highest level since May on renewed fears of a military conflict with Iran.  More »
The Deepwater Horizon oil rig burns off the coast of Louisiana on April 21, 2010.  (AP file photo/Gerald Herbert)

CSB set to release Deepwater Horizon probe findings in Houston

The Chemical Safety Board is set to release the initial findings from its probe of the Deepwater Horizon disaster during a two-day hearing in Houston later this month. The independent federal agency also will scrutinize how refiners are assessing and boosting the safety of their operations by tracking leading and lagging indicators of problems, seven years after the BP Texas City refinery explosion that killed 15 workers and injured 180 others.  More »
Oil pumps work at sunset Monday, Jan. 2, 2012, in the desert oil fields of Sakhir, Bahrain, in the Persian Gulf. (AP Photo/Hasan Jamali)

Iran says EU oil embargo “strongest” sanctions yet

Iran’s president says the new EU embargo on Iranian oil is “the strongest” yet imposed on the country.  More »
A Devon Energy flex-drilling rig in the Barnett Shale (Kevin Fujii/Houston Chronicle file photo)

Forbes says energy sector stocks ripe for picking

Crude oil prices have dropped 20 percent over the past few months and the evolving European debt saga has hampered the global economy, pushing stock prices down in the energy sector.  More »
Don Robicheaux, safety coordinator for Marathon, stands in front of a crude unit, part of Marathon's estimated $3.2 billion expansion in Garyville, La. (AP Photo/Cheryl Gerber, file)

Marathon Petroleum pipelines unit files IPO

MPLX LP, the pipelines and storage subsidiary of Marathon Petroleum Corporation, has filed plans to list its common units on the New York Stock Exchange, worth an expected $365 million, according to SEC documents.  More »
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Guess what’s in that hot dog? Yep, a fracking chemical

If you plan on drinking a soda, using bug spray or eating a hot dog this Fourth of July, you are consuming or using chemicals also used in the hydraulic fracturing process.  More »
(AP Photo/Charles Krupa)

CBO: Future bleak for carbon-cutting technology

Despite the goverment’s $6.9 billion investment in emissions-cutting technology in coal power plants, carbon capture and storage isn’t gaining traction, the CBO reported.  More »
A boom is used to protect marshland in Terrebonne Parish on the Louisiana coast after the Gulf oil spill in 2010. Photo: Smiley N. Pool / Houston Chronicle

GAO: Research lacking on oil spill dispersants

Not enough research has been done on how chemical dispersants behave underwater and in the Arctic, a GAO report found.  More »
Mexican President-elect Enrique Peña Nieto, celebrating with supporters in Mexico City on Monday, will face continued political gridlock as he sets out to usher in reforms. Photo: Daniel Aguilar / 2012 Getty Images

Reforms won’t come easy for Mexico’s new leader

Mexican President-elect Enrique Peña Nieto vowed Monday to quickly push for promised economic and social policies that include energy reforms favorable to U.S. and Texas investors.  More »
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Chesapeake Energy, Encana face U.S. probe over land deals

Chesapeake Energy Corp. (CHK) and Encana Corp. are under investigation by the U.S. Justice Department for possible collusion, according to a person familiar with the probe.  More »
A massive fire roars through a mostly residential neighborhood in San Bruno, Calif. in Sept. 2010 after a Pacific Gas & Electric Co. pipeline exploded . (AP photo)

PG&E: 239 Calif. pipelines at risk of failure

Pacific Gas & Electric Co. on Monday proposed raising utility customers’ bills by as much as $12 per month to upgrade its gas and electricity systems, as more questions surfaced about the company’s oversight of its gas lines in the wake of the deadly San Bruno explosion.  More »
GASOLINE PRICES $3

Gasoline at U.S. pumps drops to six-month low

Gasoline pump prices in the U.S. dropped to a six-month low amid falling oil prices and slowing economic growth, a government report today showed.  More »