Fuel Fix

More oil rigs shut down this week

Categories: Crude oil, featured, Markets
The number of U.S. rigs chasing oil fell to a total of 646 this week, according to a weekly tally by oil service company Baker Hughes.
Alan Sadler

Feds’ plan to boost biofuel targets draws fire from all sides

In trying to balance the competing interests of oil companies and biofuel producers, the Environmental Protection Agency’s proposed renewable fuel quotas for 2014, 2015 and 2016 have pleased almost no one.

Workers dig through rubble at the site of a pipeline explosion in Qingdao Development Zone, in Qingdao, east China's Shandong Province, Sunday, Nov. 24, 2013.  (AP Photo/Xinhua, Li Ziheng)

Sinopec’s pipeline blast may hurt reform, safety efforts

An explosion at a China Petroleum & Chemical Corp. oil pipeline and the nation’s deadliest spillage since at least 2005 may threaten the government’s efforts to lure investment to state-controlled industries as President Xi Jinping called for improved industrial safety.
Categories: Accidents, Pipelines
A drilling rig works the Marcellus shale in Houston, Pa.  (AP file photo/Keith Srakocic)

Boom city keeps optimism as gas drilling slows

The Marcellus Shale industry, which turned Williamsport into the seventh-fastest-growing area in the nation, appears to have lost some momentum.
Categories: Natural gas

(Image: Fotolia)

Big hedge funds slow pace of energy investments

The world’s 50 largest hedge funds snapped up stock in Microsoft, Facebook and consumer-products giants like Procter & Gamble, but they only increased their stake in energy stocks by a net $1 billion in the July-September period, FactSet data show.
Categories: Finance/Earnings
Money Roll

Bill would make Vermont 1st state to drop oil stocks

To Sen. Anthony Pollina, it makes sense that if Vermont wants to strike a blow against climate change, it should have its pension funds divest from oil, coal and other fossil fuel companies.
(AP Photo/Dirk Lammers, File)

Biofuels battle isn’t over yet (video)

A leading biofuels backer says oil industry scare tactics prompted the Obama administration to slash renewable fuel targets for next year.
(AP Photo/Charlie Riedel, File)

Iowans worry about ethanol’s lost political clout

For decades, presidential candidates’ chances in Iowa were wounded if not doomed unless they backed federal support for ethanol, a boon to the state’s corn-growing economy.
EU Commisioner for Climate Action Connie Hedegaard (right)  talks with Alice Akinyi Kaudia from Kenya prior to the opening of the High-level Segment of th UN Climate Change Conference in Warsaw, Poland, Tuesday, Nov. 19, 2013. (AP Photo/Alik Keplicz)

EU climate chief says UN talks hinge on 2015 deal

After another U.N. climate conference gave only modest results, European Climate Commissioner Connie Hedegaard says the process needs to provide a “substantial answer” to global warming in two years to remain relevant.
Categories: Environment, Europe