Oil stocks go cheap; tax debate no threat to profits
U.S. oil companies’ profits have grown so fast that they’ve become the cheapest equities in the Standard & Poor’s 500 Index, just as the debate about taxing crude producers heats up. More »
FuelFix Newslinks |05.09.11|
UT gets in the frac study game. Oil rebound expected. Few step up for worker fund. More »
All 14 bodies recovered from Mexican mine blast
Mexican officials said the blast last week was caused by a buildup of gas. The national mine workers union said the mine’s work force was not unionized and accused the government of allowing mines to operate with unsafe conditions. More »
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Japan scrutinizes nuclear risks, remains committed to atomic energy
The March 11 earthquake and tsunami that crippled Tokyo Electric Power Co.’s Fukushima Dai-Ichi plant have raised concern that nuclear stations in Japan aren’t adequately protected from natural disasters, but Japanese officials say atomic power will remain part of its energy policy. More »
Wind far, far away matters in downtown Houston
When the wind shifts in Sarita or lightning strikes in Northern California, they know about it on the 40th floor of an office tower in Houston. The information is critical for Pattern Energy, which operates electricity-generating wind farms and is about to break ground in seven locales even more far-flung. More »
Gas prices may drop 50 cents by summer
After rocketing up 91 cents since January, including 44 straight days of increases, the national average this past week stopped just shy of $4 a gallon and has retreated to under $3.98. A steady decline is expected to follow. More »
In the dark, death traveled one mile in 20 seconds
A random event set off the Alaska avalanche that ended the life of Houston energy-company manager and mountain climber Chris Lackey. More »
UT team will take close look at fracking
The project, to be announced Monday, will combine an independent assessment of alleged groundwater contamination and seismic events some have attributed to fracking shale formations with a detailed analysis of the scope and effectiveness of laws and regulations. More »
Plains says poor excavation may have caused pipeline break
Plains Midstream Canada said that a pipeline spill April 29 in northern Alberta may have resulted from stress after surrounding ground was improperly excavated last year. More »
Attorney General to monitor whether drop in oil prices is passed along to consumers
The feds will coordinate with state attorneys general to see if gas stations lower their prices as quickly as they raised them during the speculation-fed run-up in crude oil prices over recent months, the White House says. More »
BP wants investor claims tossed
BP wants a judge to throw out investor claims that management downplayed safety risks before and after its Macondo oil well blew out. More »
U.S. rig count is up again
The number of rigs actively exploring for oil and natural gas in the U.S. jumped for the second straight week by 18 to reach 1,836.
More »
*2013 and 2014 are projections
Source: Energy Information Administration
Energy by the Numbers archive- The award-winning team behind FuelFix.com:
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