FuelFix Newslinks |04.28.11|
Oil profits aplenty. No foul play behind Texas blackouts. Still dim in Texas City. More »
Feds probe California pipeline explosion
Federal prosecutors have requested records including Pacific Gas & Electric Co.’s maps, reports and emergency plans in a broad inquiry into last year’s blast that killed eight people and destroyed dozens of homes. More »
NuStar’s income roars up 69 percent
San Antonio-based NuStar Energy reported first-quarter net income of $19.4 million, or 30 cents a unit, compared to $11.5 million, or 19 cents a unit, in the first quarter of 2010. More »
Find a Better Job with 
Job Seekers
User Toolkit
Career Tools
Career Advice
Critics focus on pump prices as oil industry profits mount
Soaring crude prices and other factors are lifting oil majors’ first-quarter profits, igniting the ire of politicians and activists who accuse the industry of profiteering while Americans pay nearly $4 a gallon for gasoline. More »
Exxon Mobil, Chevron raising quarterly dividends
Exxon is raising its quarterly dividend by about 7 percent to 47 cents per share. Chevron will pay $3.12 in annual dividends, up from $2.88.
More »
A worst case if an oil spill happens off Alaska?
A blowout in the Chukchi Sea lease could result in a spill of more than 58 million gallons of oil into Arctic waters, federal regulators say. That’s about a quarter of the Deepwater Horizon spill, but far more than Shell Oil – the major leaseholder in the area – says it could handle under its response plan. More »
BP plans return to Gulf this year
BP said it expects to resume drilling in the Gulf of Mexico by the second half of 2011, little more than a year after the Deepwater Horizon disaster. (Via WSJ) More »
Texas City’s plants yet to get full power
The town will continue to monitor air quality as an electric company cleans off salt, dust and other debris that can cause ceramic insulators to short-circuit. The debris normally is washed away by rain, which has been scarce during the continuing drought. More »
Report: No market manipulation tied to Texas’ rolling blackouts
February’s rolling blackouts were not caused by power companies trying to create and take advantage of power price spikes, according to a report from the state’s power market monitor. More »
Citing threat from China, Sen. Reid says U.S. must expand renewable energy
Fresh from a taxpayer-funded trip to China with a bipartisan group of senators, Senate Majority Leader Harry Reid said China is on course to outpace America in its efforts to produce renewable and clean energy. More »
Fed has no plans to enter the oil business
Gasoline prices don’t affect inflation until they do. That was one of the key points from Federal Reserve Chairman Ben Bernanke’s historic news conference this afternoon, Loren Steffy writes. More »
Oil up slightly after Bernanke comments on economy
Ben Bernanke said there isn’t much the Fed can do to bring down high gas prices that are “creating a financial hardship for a lot of people.” More »
April 26, 2013
Loading ...- The award-winning team behind FuelFix.com:
Jennifer A. Dlouhy
policy reporter
Laura Goldberg
business editor
Jeannie Kever
energy reporter
Don Mason
assistant business editor
Dan McGraw
web producer
Emily Pickrell
energy reporter
Simone Sebastian
assistant editor, FuelFix
Zain Shauk
energy reporter
Harry R. Weber
energy reporter
Follow Us:
© 2013 Hearst Communications Inc.