Fuel Fix

(Image: Barbara Lock)

Boehner is open to repealing oil giants’ tax breaks

House Speaker John Boehner said Monday that big oil companies don’t need the so-called oil depletion allowance, but that taking it away from smaller producers would mean even less domestically produced oil.  More »
(Image: Fotolia)

Houston drivers feeling it as gas nears $4 a gallon

Prices typically rise this time of year as refineries switch to costlier summer gasoline blends and warmer weather spurs more driving, boosting fuel demand. Aggravating the situation are oil prices above $100 a barrel, which have added to refiners’ costs, and the economic recovery, which is stoking demand for gas and diesel.  More »
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Houston mayor seeks impact statement for coal-fired electric plant

The 1,200-megawatt White Stallion Energy Center project is proposed for Bay City, about 75 miles south of downtown Houston and outside the federal air pollution non-attainment area covering Houston, Galveston and Brazoria County.  More »
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Fire boat response crews battle the blazing remnants of the Deepwater Horizon rig in the Gulf of Mexico in April 2010.  (Photo: HO/AFP/Getty Images)

Spill report’s findings raise broader concerns

Introspection isn’t the oil and gas industry’s strong suit, Loren Steffy writes. It tends to dismiss outside criticism as uneducated and unwarranted. But the Coast Guard report is a reminder that complacency can creep into any industry, and when it does, the consequences can be fatal.  More »
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Oil settles a penny lower, gas pump prices up

Benchmark crude for June delivery lost a cent to settle at $112.28 per barrel on the New York Mercantile Exchange.  More »
(Photo: Fotolia)

API: Oil profits are good for American investors — not just execs *updated*

With several major oil companies poised to report first-quarter earnings this week, the American Petroleum Institute today released a study showing that when the industry does well, so do public teachers, firefighters and others state pensioners.  More »
Gas prices posted at a station in Tempe, Ariz., on March 8, 2011 (AP Photo/Matt York)

How do you get more mileage from your gas budget?

There’s some debate about whether gasoline prices are starting to push drivers to change their habits. One analyst says they are, indeed.  More »
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End nears for frack water releases in Pennsylvania

Pennsylvania’s top environmental regulator says he is confident that the gas industry is weeks away from ending its practice of discharging natural gas drilling wastewater into rivers used for drinking water. After May 19, almost all drillers will either send the waste to deep disposal wells — mostly in Ohio — or recycle it in new well projects.  More »
raqi Oil Minister Abdul-Karim Elaibi speaks to the press in Baghdad, Iraq, Monday, April 25, 2011.  (AP Photo/Karim Kadim)

Iraq plans 4th energy auction for January 2012

Iraq has awarded 15 oil and gas deals since 2008 to international energy companies in the first major investment in the country’s energy industry in more than three decades. It will auction off 12 mainly gas exploration blocs during its next bidding round, oil minister Abdul-Karim Elaibi said Monday.  More »
An official of the Saudi oil company Aramco watches progress at a rig at the al-Howta oil field near Howta, Saudi Arabia. (AP file photo/John Moore)

Saudi Arabia will keep crude capacity at 12.5M bpd

The country, holder of the world’s largest oil reserves, has no plans to boost output capacity to 15 million barrels a day, a Saudi Arabian oil official said.  More »
(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |04.25.11|

Fact-Checking D.C.’s oil rhetoric. Range’s ‘ab fab’ well. Big profit reports this week.  More »
(Photo: Jeff Kubina/Flickr)

The market that never powered up

Waiting for innovation from electricity deregulation in Texas is like Waiting for Godot, Loren Steffy writes. So far, the only change customers have seen is an array of billing contracts making it difficult to compare one provider to another.  More »