Fuel Fix

(David Paul Morris/Bloomberg)

Chevron to cut 950 jobs in Houston, 1,500 companywide

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Chevron currently counts about 8,000 Houston-area employees and fewer than 65,000 workers worldwide. Chevron had closer to 9,000 Houston workers two years ago.

Chevron to cut 950 jobs in Houston, 1,500 companywide

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(David Paul Morris/Bloomberg)
Chevron currently counts about 8,000 Houston-area employees and fewer than 65,000 workers worldwide. Chevron had closer to 9,000 Houston workers two years ago.
Halliburton CEO Dave Lesar (Melissa Phillip/Chronicle)

Paychecks rose for some Houston energy CEOs in 2014

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The 10 highest-paid executives in Houston last year all work in the energy industry, despite domestic oil’s long and lingering swoon.

(AP Photo/Skagit Valley Herald, Scott Terrell)

Mayor: Town dodged a bullet in crude train explosion

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A southeastern North Dakota town narrowly escaped tragedy when a train carrying crude oil derailed and exploded nearby, the mayor said Tuesday, calling for changes in how the fuel is transported across the U.S.
Categories: Accidents, Crude oil
(Image: Fotolia)

Oil forecasters see second year of price declines

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Brent crude prices, the benchmark for half the world’s oil, will weaken for a second year in 2014 as U.S. output expands and threats to Middle East and North African supply ease, the most-accurate forecasters said.
Categories: Crude oil, Markets

A fireball goes up at the site of an oil train derailment Monday, Dec 30, 2013, in Casselton, N.D. The train carrying crude oil derailed near Casselton Monday afternoon. Several explosions were reported as some cars on the mile-long train caught fire. (AP Photo/Bruce Crummy)

Air quality improving after oil train fire in North Dakota (photos)

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Many residents evacuated a southeastern North Dakota town overnight after a train carrying crude oil derailed and exploded, and officials warned that acrid smoke could blow into the area.
(Fotolia)

Home electricity use in US falling to 2001 levels

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The average amount of electricity consumed in U.S. homes has fallen to levels last seen more than a decade ago, back when the smartest device in people’s pockets was a Palm pilot and anyone talking about a tablet was probably an archaeologist or a preacher.
Categories: Electricity
(StockMonkeys.com/Flickr)

Gasoline prices to rise for New Year’s holiday travelers

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But looking ahead to 2014 expect lower average gas prices, with the average price in the U.S. next year fall by about 10 cents a gallon from 2013’s average, analysts project.
Categories: Gasoline, Transportation
Warren Buffett, chairman and CEO of Berkshire Hathaway Inc. (Photo: Andrew Harrer/Bloomberg)

Buffett strikes deal to buy $1.4B Phillips 66 unit

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Berkshire Hathaway made a deal on Monday for Phillips 66’s flow improver business, which manufactures a chemical agent that breaks up debris and moves oil and gas through pipelines.
Categories: Deals, Pipelines, Refining
A train carrying crude oil from North Dakota’s oil patch derailed Monday near the small town of Casselton, setting off a series of fiery explosions. (Valley News Live – KVLY/KXJB – Fargo/Grand Forks)

Authorities: Oil train apparently hit grain car before explosions (video)

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BNSF Railway spokeswoman Amy McBeth says the several rail cars from the mile-long oil train derailed and caught fire at about 2:10 p.m. Monday less than a mile from the city.