Fuel Fix

Wholesale Prices

Oil continues its rise, threatening U.S. growth

West Texas Intermediate oil is up 21 percent from a year ago.  More »
A contractor closes a valve on a tanker truck at a Range Resources hydraulic fracturing operation in Pennsylvania. (AP Photo/Keith Srakocic)

Fracturing ‘has no direct’ link to water pollution, UT study finds

The study, conducted by the Energy Institute at the University of Texas at Austin, found that many problems attributed to hydraulic fracturing “are related to processes common to all oil and gas drilling operations.”  More »
Eugene Isenberg

Nabors’ charity effort pales against executive pay

When Nabors Industries’ overpaid chairman, Eugene Isenberg, agreed last week to give up his $100 million severance, the word “charity” came up a lot. Isenberg himself said he hoped that the company used “a substantial portion of these savings for worthy charitable purposes.”  More »
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(Photo: Flickr, Caston_Corporate)

Icahn offers to CVR for at least $2.6 billion

Carl Icahn offered to pay $30 a share in cash for CVR Energy Inc. and give stockholders the right to collect an additional $7 a share if any other bidder tries to buy the oil-refining company.  More »
Ken Salazar

Industry groups take aim at Salazar’s fracking suggestion

Oil and gas industry groups took issue with Interior Secretary Ken Salazar’s suggestion yesterday that companies would prefer a uniform national approach instead of a state-by-state approach when it comes to regulating various aspects of hydraulic fracturing.  More »
Pegasus, the winged red horse icon of Exxon-Mobil, is seen on a gas pump in Ferndale, Mich. (Photo: Carlos Osorio, Associated Press)

Venezuela pays Exxon $250 million to settle case

Petroleos de Venezuela SA, the state oil company, said it paid Exxon Mobil Corp. $250.9 million for assets seized in the country in 2007.  More »
The corporate logo at Apache Corp. headquarters in Houston. (AP file photo/Pat Sullivan)

Apache profits surge on high oil prices

Apache’s earnings grew 75 percent in the fourth quarter, benefiting from higher oil prices and boosted fossil fuel production, the company reported Thursday.  More »
Sen. David Vitter, R-La. (AP file photo/Susan Walsh)

GOP seeks to tie Keystone XL to petroleum reserve

Three Republican senators introduced legislation this week that would bar the administration from releasing oil from the Strategic Petroleum Reserve unless it approves the Keystone XL pipeline.  More »
(Photo: Fotolia)

Alaska well that blew out mud still not controlled

A Texas crew was scheduled to arrive at Alaska’s North Slope on Thursday to control an exploratory well that apparently blew out.  More »
A lawsuit claims that Goldman Sachs' involvement steered El Paso into Kinder Morgan's arms for a lower price than the company was worth. Photo: Richard Drew / AP

Steffy: Goldman Sachs worked both sides in El Paso deal

Wall Street wins again.  More »
Senator Ben Cardin (D-MD) looks on a U.S. Sen. Jack Reed (D-RI) makes his point during a committee meeting to discuss the Temporary Payroll Tax Cut Continuation Act on Capitol Hill February 1, 2012 in Washington, DC. The payroll tax cut legislation, which is set to expire this month, is the conduit for a provision that will allow public transit riders to put away more pre-tax money for commuting costs. (Photo by Pete Marovich/Getty Images) Photo: Pete Marovich / 2012 Getty Images

Oil industry battles SEC rules on disclosure

Lobbying is ramping up over proposed rules that would require oil, gas and mining companies listed with the Securities and Exchange Commission to disclose what they pay to nations where they extract resources for commercial purposes.  More »
ValeroLogo

Judge removed from $50m Valero suit

Judge Christopher Dupuy was removed Wednesday from a $50 million lawsuit brought by Valero Refining Texas after a defendant complained no one revealed relationships between Dupuy and a former Valero attorney, the Galveston County Daily News is reporting.  More »