Fuel Fix

Some Ohioans are asking for a ban on fracking for Natural Gas until the Environmental Protection Agency completes its study. (Photo: Ty Wright/Bloomberg)

Shale may spur $30 billion of chemical plants

Chevron Phillips Chemical Co. said its industry may spend $30 billion to build U.S. factories that convert natural gas into plastics because shale gas has made American production the cheapest outside the Middle East.  More »
Sunoco's Philadelphia refinery is on the banks of the Schuylkill River. The company plans to pull out of the refining business altogether, which could help put the Northeast region in a precarious position. Photo: MIKE MERGEN / HC

Ohio oil refinery, state settle air pollution case

A Columbus oil recycling company accused of exceeding air pollution limits has reached a settlement with the state to resolve the case.  More »
Exxon Mobil used the Maersk Developer semi-submersible drilling rig to drill its first post-moratorium deep-water exploration well in the Gulf of Mexico. (Photo: Maersk)

US, Philippine drills planned near disputed areas

Officials say 6,800 U.S. and Filipino troops will hold annual combat exercises next month in a western province located near disputed South China Sea territories.  More »
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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)

Oil rises above $105 amid improving US economy

Oil prices rose above $105 a barrel Wednesday in Asia amid expectations that an improving U.S. economy will eventually boost crude demand.  More »
A Chevrolet Volt undergoes a quality inspection on the production line at a General Motors assembly plant in Michigan on Nov. 30, 2010. (AP file photo/Paul Sancya)

Chevy Volt sales stall over sticker shock

Guess what? $40,000 may be more than most drivers are willing to pay for a smallish sedan that only seats four people — if two of them are hobbits. That’s a lesson that General Motors is learning the hard way. GM said it expected to sell 10,000 Chevy Volts by the end of last year. Instead, it sold about 7,600.  More »
A delivery driver connects hoses on a gasoline tanker, prior to replenishing the tanks at a BP station in Pittsburgh. The nationwide average for regular unleaded slipped less than a penny to $3.764 per gallon on Tuesday, March 6,2012. That ended a streak of price hikes that began on Feb. 8.  (AP Photo/Gene J. Puskar)

U.S. gasoline prices dip after 27 days of increases

Also Tuesday, oil fell to its lowest price in about two weeks, while the price of natural gas remained near a 10-year low.  More »
Senate Majority Leader Harry Reid, D-Nev.

Reid says he’s open to vote on Keystone XL — with strings attached

Senate Majority Leader Harry Reid, D-Nev., for the first time expressed an openness to having a vote on a transportation bill amendment that would approve the Keystone XL oil pipeline.  More »
The Niobrara River in the sandhills in north central Nebraska and its surrounding pasture land are in the path of TransCanada's proposed Keystone XL pipeline, which would carry oil sands crude from Alberta to the Gulf Coast. (AP Photo/Nati Harnik)

TransCanada executive: New Keystone route in weeks

The contentious pipeline is designed to bring oil from Canada’s tar sands region in Alberta to refineries along the Texas Gulf Coast.  More »
President Barack Obama points while speaking at a town hall at a Gamesa wind turbine plant in Pennsylvania. (AP Photo/Pablo Martinez Monsivais)

Obama rejects GOP suggestion that he wants high gas prices

President Obama on Tuesday mockingly rebuffed GOP allegations that he wanted the higher gasoline prices that are now plaguing Americans’ wallets.  More »
(KRT file photo/Diego Giudice)

CERA: Latin America hopes to follow U.S. boom in unconventional fossil fuels

Foreign energy leaders touted their countries’ potential for unconventional oil and gas production at the CERA Week energy convention in downtown Houston Tuesday, hoping to follow the United States’ boom in developing shale gas and tight oil resources.  More »
Petroleos Mexicanos oil platforms in the Cantarell oil field in the Gulf of Mexico.  (Photo: Pemex/Bloomberg)

CERA: More world oil, means more investment

Transformed perceptions of fossil fuel resources will mean that oil and gas supplies will continue to shape the energy landscape for decades, executives said Tuesday during a panel on day two of CERA Week 2012.  More »
A graph from IHS CERA of projected production of oil from tight oil and deepwater sources. (Source: IHS CERA)

CERA: Tight oil and deepwater expected to boom

Oil from so-called tight oil and deepwater plays, among the unconventional sources of fossil fuels being explored with growing enthusiasm, are further turning past perceptions of declining world supplies on their heads, experts said Tuesday.  More »