Fuel Fix

(Photographer: Eddie Seal, Bloomberg)

Magnum Hunter shares could be de-listed, NYSE says

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A punishing summer oil slump sent Magnum Hunter Resources Corp.’s shares below $1 apiece last month as it reported its crude and natural gas revenues in the second quarter came in sharply lower than last year, when oil was trading around $100 a barrel.

Magnum Hunter shares could be de-listed, NYSE says

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(Photographer: Eddie Seal, Bloomberg)
A punishing summer oil slump sent Magnum Hunter Resources Corp.’s shares below $1 apiece last month as it reported its crude and natural gas revenues in the second quarter came in sharply lower than last year, when oil was trading around $100 a barrel.
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These are the experts drawing battle lines over oil exports

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The cast of experts weighing in on the issue includes former Obama administration officials and military veterans.
A Tesoro Corp. refinery, including a gas flare that is part normal plant operations, is shown Friday, April 2, 2010, in Anacortes, Wash. (AP file photo/Ted S. Warren)

Investigators call for more refinery oversight after Tesoro blast

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Federal chemical safety investigators are recommending tougher state and federal oil refinery oversight after a 2010 explosion and fire at a Tesoro Corp. refinery in Anacortes that killed seven workers.
Categories: Accidents, Refining
A platform works on ConocoPhillips' Jasmine Field project in the North Sea. (ConocoPhillilps)

Asset sales boost Conoco’s quarterly profit as revenue drops

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ConocoPhillips’ fourth-quarter earnings rose 79 percent, largely due to asset sales in Algeria and the Caspian Sea, the company reported Thursday.
U.S. Coast Guard image showing the Royal Dutch Shell drilling rig Kulluk aground off a small island near Kodiak Island on Jan. 2, 2013. (AP Photo/U.S. Coast Guard)

Shell puts 2014 Arctic drilling plans on ice after legal challenge

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Shell officials on Thursday said the oil company will not resume drilling in Arctic waters north of Alaska this summer, following a federal appeals court decision throwing its offshore leases there into jeopardy.
Categories: Arctic, featured
(Jeff Pachoud/AFP/Getty)

Falling gasoline prices hurt Big Oil’s plea for US crude exports

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The world crude market is having waning influence on U.S. gasoline, which instead is beginning to track lower-priced domestic oil.
Categories: Crude oil, Gasoline, Markets

Energy is the Key to Solving Income Inequality

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When exploring solutions to income inequality policy makers pay close attention to the costs. The cost of healthcare. The cost of food. The cost of child care. The cost of housing. What about the cost of energy? According to the Bureau of Labor Statistics, in 2012 the average U.S. family spent over $4,600 or about […]
Economist Karr Ingham created the Texas Petroleum Index, speaks on July 24, 2014 about the state's oil and gas economy. (Emily Pickrell/Houston Chronicle)

Texas oil boom could be nearing slowdown, economist says

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While soaring production made 2013 a landmark year for Texas oil and gas, there are signs that a slowdown is approaching, according to economist Karr Ingham in a presentation Wednesday.
Categories: Crude oil, Production
Transportation Secretary Anthony Foxx  (AP Photo/Susan Walsh)

Oil shipments disrupting Amtrak trains

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The National Association of Railroad Passengers wrote to U.S. Transportation Secretary Anthony Foxx this week urging him to intervene.

Categories: Crude oil, Rail