Fuel Fix

Workers move a section of well casing into place at a Chesapeake Energy natural gas well site near Burlington, Pa. (AP Photo/Ralph Wilson, File)

Opinion: Fracking boom could finally cap myth of peak oil

The U.S. oil market could be on the verge of its own fracking revolution, similar to what the natural-gas market is already experiencing. As a result, domestic production is now projected to rise significantly over the coming decades, reducing the relative share of imports in U.S. oil consumption.  More »
(AP file photo/John McConnico)

Russia says Arctic surveys may add to its continental shelf

Geographic surveys conducted in 2011 in the Russian Arctic could add as much as 1.2 million square kilometers (463,000 square miles) to Russia’s continental shelf, according to the Natural Resources Ministry.  More »
A contractor closes a valve on a tanker truck at a Range Resources hydraulic fracturing operation in Pennsylvania. (AP Photo/Keith Srakocic)

Ohio tries to avoid being dumping ground for fracking fluid

The millions of gallons of chemical- laced wastewater that fracking produces must flow somewhere, and Ohio (STOOH1) is trying not to be that place.  More »
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(Photo: Vectorportal/Flickr)

Ex-cop’s wife charged in spill claim

The wife of a former New Orleans police officer who pleaded guilty to helping cover up deadly shootings on a New Orleans bridge after Hurricane Katrina was charged Tuesday with submitting a fraudulent claim for money from BP’s oil spill compensation fund.  More »
Shell's Deer Park refinery is one of the facilities affected by negotiations with the United Steelworkers International. Nationwide contract talks cover 30,000 refinery and chemical workers - including 4,600 in the Houston area. Photo: James Nielsen / Houston Chronicle

Refiners, union have tentative deal

The United Steelworkers Union reached a three-year deal Tuesday night with the nation’s refineries and chemical plants, hours before a midnight deadline that could have put 30,000 workers on strike and reduced U.S. fuel-making capacity.  More »
(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |02.01.12|

Refiners, union reach tentative deal. Is the federal leasing slowdown costing Western energy jobs?  More »
Senate Majority Leader Harry Reid, D-Nev.

Reid maintains opposition to Keystone XL legislation

Senate Majority Leader Harry Reid, D-Nev., told reporters Tuesday he would continue to oppose legislation that approves the Keystone XL pipeline because some of the oil could leave the U.S.  More »
THE Texas Department of Transportation and City of Tyler street workers repair a sinkhole Friday. The sinkhole on Front Street, also known as State Highway 31, forced the shutdown of one lane of traffic. (AP Photo/Tyler Morning Telegraph, Tom Worner)

GOP unveils bill tying drilling royalties to highway funding

House Republicans on Tuesday unveiled a five-year infrastructure bill that is already coming under heavy fire for expanding oil-and-gas production and using resulting royalties to pay for some of its costs.  More »
(Image: Fotolia)

Missouri governor backs plans for new oil pipeline

The governor pledged that his administration would work smoothly to provide whatever state permits are necessary.  More »
(AP Photo/Keith Srakocic)

Natural gas price drops on supplies, weak demand

The Energy Information Administration said Monday that natural gas production in the lower 48 states totaled 72.61 billion cubic feet per day in November, up 2.4 percent from October.  More »
The Seaway Crude Oil Pipeline Co.'s expanded pipeline will carry oil from Cushing, Okla., to refineries along the Gulf Coast. (Photo: LyondellBasell)

Tentative deal reached for refinery contract

Just before 8 pm, the United Steelworkers Union said it had reached a tentative deal with Shell, which took the lead for the industry in the talks  More »
The Valero Three Rivers Refinery in Three Rivers, Texas between San Antonio and Corpus Christi refines a lot of oil from the Eagle Ford shale. (Photo: John Davenport, San Antonio Express-News)

Valero’s 4Q income falls

Valero Energy Corp. said its fourth-quarter results were constrained by lower margins for gasoline and petrochemical feedstocks, even as two refineries the company purchased helped boost production and revenue.  More »