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.
A record cut to the number of active U.S. drilling rigs and billions of dollars of spending reductions by companies since last year’s price plunge has yet to translate into a slump in barrels produced.
The drilling boom has launched billions of dollars in construction projects at the Port of Corpus Christi, as well as a round-the-clock frenzy to move products in and out of the oil patch, and to coastal terminals and refineries.
A Manhattan lawyer who’s spent his career battling Chevron Corp. over pollution in Ecuador is set to defend the tactics he used to win a multibillion-dollar judgment against the company before a federal judge.
The fight to revamp Mexico’s moribund, state-run oil industry could start as early as this week with a Senate proposal to allow private access to the country’s oil, a nationalist symbol that for decades has been fiercely protected by the constitution from possible profiteering by foreign companies.
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