Fuel Fix

(Photo: bpicazxx/Flickr)

Energy provides engine for rail recovery, exec says

A railroad executive told a Houston audience that the shale oil and gas boom is giving a boost to his industry.  More »

CERA panel on Middle East touches on challenges for Saudi Arabia and Iran

Growing domestic energy demand could put Saudi Arabia in a bind by 2030, caused largely by oil subsidies, an expert told an audience during IHS CERA Week in Houston on Tuesday. “A lot of this is being driven in the region by the sharp growth in domestic consumption of oil,” Brad Bourland, chief economist for […]  More »
CEO Paolo Scaroni of Eni explained the Italian company's goal in its acquisition of a Texas shale gas producer. "The general idea was not to become a leader of gas in the U.S., but to learn the technology, how to do things here and export it," he said. Photo: Eric Kayne / © 2012 Eric Kayne

Oil giants innovate, push boundaries

The world’s hunger for energy is pushing global producers to invest more in new technology amid a rapidly changing energy landscape, energy ministers, executives and experts said Tuesday at the IHS CERAWeek conference in Houston.  More »
(AP Photo/US Coast Guard, File)

BP settlement architects hope to win over skeptics

The deal is all but done. Now it’s time to sell it.  More »
The 2012 Honda Civic Natural Gas car, named Green Car of the Year for 2012, is displayed after its unveiling at press preview day for the Los Angeles Auto Show. Fill 'er up _ with natural gas. High pump prices are encouraging GM and Chrysler to roll out pickups that run on natural gas, which is plentiful and cheap in the U.S..  Here's a look at what models are coming, what's already out there and where to go to fill up. (AP Photo/Reed Saxon, File)

More natural gas vehicles hitting the market

More natural gas-powered vehicles will hit the market soon, as rising gasoline prices, booming natural gas production and proposed tax credits make them a more attractive option. But they’re a long way from being a common sight in U.S. driveways.  More »
A driver fills up his vehicle at a compressed natural gas station.  (AP file photo/Douglas C. Pizac)

GE, Chesapeake to develop natural-gas fueling infrastructure

General Electric Co. (GE) and Chesapeake Energy Corp. (CHK), the second-biggest U.S. natural-gas producer, will collaborate on products and services to fuel cars and trucks with domestically-produced natural gas.  More »
A contractor closes a valve on his tanker truck at a Range Resources hydraulic fracturing operation Pennsylvania. (Keith Srakocic/AP)

Oil producers see untapped, unconventional fields meeting demand

Total SA (FP) and Petroleos Mexicanos executives said still-untapped global fields and new methods for extracting fuel from shale rock and deep water will help meet demand for oil and natural gas.  More »
Pegasus, the winged red horse icon of Exxon-Mobil, is seen on a gas pump in Ferndale, Mich. (Photo: Carlos Osorio, Associated Press)

Iraq expects Exxon response soon on possible Kurdistan exit

Iraq expects a response soon from Exxon Mobil Corp. (XOM) on whether the U.S. oil company will abandon a separate oil exploration agreement it made with the semi- autonomous Kurdistan Regional Government.  More »
Some Ohioans are asking for a ban on fracking for Natural Gas until the Environmental Protection Agency completes its study. (Photo: Ty Wright/Bloomberg)

Shale may spur $30 billion of chemical plants

Chevron Phillips Chemical Co. said its industry may spend $30 billion to build U.S. factories that convert natural gas into plastics because shale gas has made American production the cheapest outside the Middle East.  More »
Sunoco's Philadelphia refinery is on the banks of the Schuylkill River. The company plans to pull out of the refining business altogether, which could help put the Northeast region in a precarious position. Photo: MIKE MERGEN / HC

Ohio oil refinery, state settle air pollution case

A Columbus oil recycling company accused of exceeding air pollution limits has reached a settlement with the state to resolve the case.  More »
(Photo: Maersk)

US, Philippine drills planned near disputed areas

Officials say 6,800 U.S. and Filipino troops will hold annual combat exercises next month in a western province located near disputed South China Sea territories.  More »
Prices for regular and diesel are posted in front of a service station in Mercer Island, Wash., near Seattle. A four-day rise in oil prices stalled Wednesday following a weak report on Chinese manufacturing and lingering concerns about Greece's bailout. The price of West Texas Intermediate, the benchmark for oils produced in the U.S., fell 46 cents to $105.79 a barrel in afternoon trading on the New York Mercantile Exchange. (AP Photo/Elaine Thompson)

Oil rises above $105 amid improving US economy

Oil prices rose above $105 a barrel Wednesday in Asia amid expectations that an improving U.S. economy will eventually boost crude demand.  More »
A Chevrolet Volt undergoes a quality inspection on the production line at a General Motors assembly plant in Michigan on Nov. 30, 2010. (AP file photo/Paul Sancya)

Chevy Volt sales stall over sticker shock

Guess what? $40,000 may be more than most drivers are willing to pay for a smallish sedan that only seats four people — if two of them are hobbits. That’s a lesson that General Motors is learning the hard way. GM said it expected to sell 10,000 Chevy Volts by the end of last year. Instead, it sold about 7,600.  More »
A delivery driver connects hoses on a gasoline tanker, prior to replenishing the tanks at a BP station in Pittsburgh. The nationwide average for regular unleaded slipped less than a penny to $3.764 per gallon on Tuesday, March 6,2012. That ended a streak of price hikes that began on Feb. 8.  (AP Photo/Gene J. Puskar)

U.S. gasoline prices dip after 27 days of increases

Also Tuesday, oil fell to its lowest price in about two weeks, while the price of natural gas remained near a 10-year low.  More »
Senate Majority Leader Harry Reid, D-Nev.

Reid says he’s open to vote on Keystone XL — with strings attached

Senate Majority Leader Harry Reid, D-Nev., for the first time expressed an openness to having a vote on a transportation bill amendment that would approve the Keystone XL oil pipeline.  More »