Fuel Fix

In this Aug. 4, 2015 file photo, Gov. Mary Fallin talks with the media after meeting with members of the Coordinating Council on Seismic Activity in Oklahoma City. With both the number and power of earthquakes increasing in Oklahoma, the Republican-controlled Legislature may be ready to take steps aimed at curbing the quakes scientists have linked to the underground disposal of oil and gas wastewater. (AP Photo/Sue Ogrocki, File)

Uptick in quakes could prompt action from Oklahoma lawmakers

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Categories: featured, General
According to the U.S. Geological Survey, Oklahoma this year has already had more than 90 earthquakes of magnitude 3.0 or greater, which is generally when most people start to feel them.

Uptick in quakes could prompt action from Oklahoma lawmakers

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Categories: featured, General
In this Aug. 4, 2015 file photo, Gov. Mary Fallin talks with the media after meeting with members of the Coordinating Council on Seismic Activity in Oklahoma City. With both the number and power of earthquakes increasing in Oklahoma, the Republican-controlled Legislature may be ready to take steps aimed at curbing the quakes scientists have linked to the underground disposal of oil and gas wastewater. (AP Photo/Sue Ogrocki, File)
According to the U.S. Geological Survey, Oklahoma this year has already had more than 90 earthquakes of magnitude 3.0 or greater, which is generally when most people start to feel them.
Motorists refuel at a Mobil gas station in Pittsfield, Mass., where regular gasoline is for sale at $1.99 per gallon, Tuesday Sept. 29, 2015. (Ben Garver/The Berkshire Eagle via AP) BERKSHIRE COURIER OUT, GREAT BARRINGTON RECORD OUT, RURAL INTELLIGENCER OUT, BERKSHIRES OUT; MANDATORY CREDIT

Obama: Cheap gasoline prices drove oil tax decision

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The proposal faces an uphill battle in the Republican-led Congress, which has repeatedly pushed back against the president’s climate change initiatives.
Categories: Crude oil, featured, Gasoline

An Enbridge Inc. oil pipeline sits under construction near Fort McMurray, Alberta, Canada. Brett Gundlock/Bloomberg

Enbridge line shutdowns sap output as U.S. crude gains on Europe

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Enbridge Inc. (ENB)’s shutdown of Alberta pipelines capable of moving 1.17 million barrels a day toward U.S. markets is shrinking output and boosting U.S. crude to the highest level against Europe’s benchmark oil since 2011.
Categories: Pipelines

China’s crunch impact to last for months

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The promise of a backstop helped restore calm to financial markets but the central bank hints at new rules in the Chinese banking industry
Categories: Uncategorized
BPsign

BP backs Texas carbon capture as Skyonic gets $128 million funds

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BP Plc (BP/) part-funded an emissions project at a Texas cement plant, betting that plans to turn the gases into chemicals for sale will succeed where traditional carbon-capture proposals have failed.
Unit 4 of the Fukushima Dai-ichi nuclear plant at Okuma in Fukushima prefecture, Japan. (AP Photo/Noboru Hashimto, File)

Japan utility behind nuke crisis faces investors

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Shareholders angry at the utility company behind Japan’s nuclear catastrophe peppered executives with questions Wednesday about leaking radioactive water and demanded a phase-out of atomic power.
Categories: Nuclear

Bids due for Boston Globe sale

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As many as eight parties have expressed interest in bidding, but the expected price tag of around $100m is a far cry from the $1.1bn the New York Times paid in 1993
Categories: Uncategorized

Fugitive financier Marc Rich dies

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Marc Rich, who was pardoned by Bill Clinton on his last day as US president in January 2001 after being indicted of tax evasion, dies in Switzerland
Categories: Uncategorized

Rudd return would pose problems for Abbott

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As the Australian Labor party weighs up whether it should oust Julia Gillard as prime minister opposition leader Tony Abbott looks to be on course for a landslide victory in September’s election
Categories: Uncategorized

Democrats retain Massachusetts seat

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Ed Markey convincingly beat Gabriel Gomez, Republican candidate, for the seat, which fell vacant with appointment of John Kerry as secretary of state
Categories: Uncategorized

Italy faces restructured derivatives hit

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Derivatives restructuring allowed the cash-strapped Rome Treasury to stagger payments owed to foreign banks over a longer period
Categories: Uncategorized

Texas Republicans give Obama’s energy speech the ‘coal’ shoulder

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We know this won’t surprise you, but Texas Republicans didn’t like what President Obama had to say today. We bring you a sampling of reaction.
Categories: Environment
(AP Photo/Franklin Reyes)

Oil prices to fall as much as 30%, forecaster says

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Oil prices will fall as much as 30 percent by 2016 because of rising production and fuel efficient vehicles, according to a prediction from forecasting group Kiplinger.
Units at Total's Port Arthur refinery (Photo: Total)

Obama’s climate plan spares oil and gas from big changes

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The oil and gas industry largely escaped attention as President Barack Obama unveiled his broad plan to combat climate change on Tuesday. While the president took aim at a suite of tax incentives cherished by oil and gas companies, he left refineries out of the cornerstone of his plan to throttle industrial greenhouse gas emissions.