Fuel Fix

(Photo: Brian Snelson)

Blow to Cuban hopes for oil as well proves dry

Spanish oil firm Repsol said Tuesday it will stop looking for oil in Cuba after hitting a dry well drilled at a cost of more than $100 million, a blow to the island nation desperate to find its own energy sources amid deep economic hardship.  More »
Aubrey McClendon, co-founder of Chesapeake Energy Corp., is pictured during an interview in Oklahoma City, Tuesday, Nov. 8, 2005. (AP Photo)

NY Comptroller calls for changes at Chesapeake

The New York State comptroller on Tuesday piled on to a growing uproar from shareholders of Chesapeake Energy Corp., denouncing the company’s board of directors for “significant failings in its oversight responsibilities.”  More »
(Photo: BFS Man)

Cyber attacks on power generation, transmission companies rising

State politicians are warning utility companies of the rising risks from cyber attacks, prompting some utility provides to unplug critical functions from the internet, according to an Austin American-Statesman story.  More »

Hotels booming along with oil

Robust drilling activity in the Eagle Ford Shale is rescuing the state’s lodging sector.  More »
(AP Photo/Charles Krupa)

Craigslist ad offers people $50 to wear pro-coal T-shirt

A Craigslist advertisement offered Chicago residents $50 and a free lunch to attend an Environmental Protection Agency meeting while wearing a pro-coal industry T-shirt, according to a now-deleted ad.  More »
A sign marks the entrance of the secluded Exxon Mobil corporate headquarters in Irving, Texas. (AP file photo/LM Otero)

Steffy: How Exxon Mobil missed the climate debate

I spent part of the long weekend catching up on a substantial pile of reading, including more than a month of New Yorkers. Among the more interesting pieces I read was Steve Coll’s article on Exxon Mobil’s lobbying.  More »
The Constitution spar in the Gulf of Mexico (Anadarko)

Anadarko settles with Noble in rig-lease dispute, docket says

Anadarko Petroleum Corp., in what will be the first case arising from the 2010 Gulf of Mexico spill to go to trial, argues a U.S. ban on deep-water drilling qualified as an act of God that allowed it to end a rig lease.  More »
The Cushing, Okla., pipeline hub.

Seaway oil torrent boosts gas cargoes as Scorpio rises

The unprecedented flow of crude from the U.S. storage hub in Cushing, Oklahoma, to Gulf Coast refiners is poised to boost gasoline exports and tanker demand when most of the shipping industry is still losing money.  More »
A drilling rig aims for oil in the Bakken Shale near Watford City, N.D. (AP Photo/James MacPherson)

ND Bakken well will pump nearly 3 decades

State officials say a typical well drilled in the rich Bakken and Three formations will produce about 540,000 barrels of oil over its 29-year lifespan.  More »

Steffy: Government mandate doesn’t make a market

Mandating bio-fuels and trading credits doesn’t lower refiners’ production costs, nor does it create opportunity for their businesses through risk and reward. Instead, it’s establishing a disincentive designed to change behavior even though it isn’t in refiners’ economic interests.  More »
(Photo: Toyota Co.)

Toyota Prius escapes niche to surge into global top three

Toyota Motor Corp. (7203)’s Prius, a niche oddity when it went on sale 15 years ago, jumped to the world’s third best-selling car line in the first quarter as U.S. demand and incentives in Japan turned the hybrid into a mainstream hit.  More »
Nissan Motor Co.'s gas-engine NV200 vehicle is displayed at the automaker's headquarters in Yokohama, near Tokyo. (AP Photo/Itsuo Inouye)

Nissan EVs tested in New York amid standard debate

Nissan is supplying New York City with fuel-efficient cabs, including six electric cars for testing, but acknowledged uncertainties Tuesday about an ongoing “debate” over charging standards for electric vehicles.  More »