Fuel Fix

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 »
(AP Photo/Ken Taylor/Shell/PA Wire)

New life for North Sea oil hinges on coal, gas

The mud, shin deep and soot gray, squelches and tugs at John Murray’s work boots, holding them fast.  More »
Workers join sections of pipe on a Trinidad Drilling rig leased by Chesapeake Energy north of Douglas, Wyo. Photo: Alan Rogers / Copyright 2012 CASPER STAR-TRIBUNE

Chesapeake’s 1% tax rate shows cost of drilling subsidy

Chesapeake Energy Corp. (CHK) made $5.5 billion in pretax profits since its founding more than two decades ago. So far, the second-largest U.S. natural-gas producer has paid income taxes on almost none of it.  More »
A sign is posted on a bridge to indicate water contamination after an oil spill of approximately 800,000 gallons of crude in the Kalamazoo River July 28, 2010 in Marshall, Mich. (Photo by Bill Pugliano/Getty Images)

Enbridge faces proposed $3.7 million penalty for Michigan spill

Enbridge committed “multiple violations,” the U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration said.  More »