Fuel Fix

Royalties from oil production on state lands is pushing Texas' Permanent University Fund toward a record $1 billion in annual revenue. (AP Photo/Hasan Jamali)

Oil rises to above $93 as traders mull Europe

Oil prices rose slightly to above $93 a barrel Thursday in Asia as traders mulled whether concern over Europe’s debt crisis justifies extending a sharp two-week sell-off.  More »
Shell's Arctic-class drill ship, the Kulluk, is shown as it is towed near Alaska. Shell is moving the Kulluk drilling unit from Dutch Harbor, Alaska, to a Seattle shipyard for ongoing maintenance and planned, technical upgrades. (Photo courtesy of Shell Oil Co.)

Environmental groups challenge Shell’s Arctic drilling permits

Environmental groups have launched a new legal challenge to Shell Oil Co.’s plans to begin exploratory drilling in Arctic waters near Alaska this summer.  More »
An American Apache gunship shown flying during Operation: Desert Shield. (AP Photo/Scott Applewhite)

House bill aims to curb Pentagon’s power to buy alternative fuels

The White House is threatening to veto a defense spending bill after complaining the measure would limit the military’s ability to power its planes, ships and tanks with alternative fuels.  More »
T. Boone Pickens (Photo: Associated Press)

Pickens sold half-million Chesapeake shares as stock plunged

T. Boone Pickens, the billionaire Texas hedge-fund manager, sold almost half a million shares in Chesapeake Energy during the past six weeks, as the stock fell 24 percent on investor reaction to natural-gas prices and potential management conflicts.  More »
Aubrey McClendon, co-founder of Chesapeake Energy Corp., is pictured during an interview in Oklahoma City, Tuesday, Nov. 8, 2005. (AP Photo)

Chesapeake’s employees may be hit hardest by stock’s plunge

Chesapeake Energy’s employees are paying a high price for the company’s problems. Thousands of the company’s workers have retirement portfolios that are heavily invested in the company’s stock, which has fallen 40 percent in the past two months, Reuters reported.  More »
Shell's new Perdido oil and natural gas platform in the Gulf of Mexico.  ( Melissa Phillip / Houston Chronicle )

Technology can unlock new fields, curb fears of peak oil

Technology advancements in oil and gas production will allow the industry to remain the world’s dominant energy supplier for decades and curb fears that fossil fuels are rapidly running out, a Chevron vice president said today.  More »
The new label mandated by the EPA is designed to make it clear to car owners which pumps are using 15% ethanol.

Report casts doubt on E15 use in cars & trucks

Automakers and the oil industry released a report today that casts doubt on the safety of gasoline containing 15 percent ethanol and shows that at least some engines running the fuel suffered damage during recent testing.  More »
This is an undated handout photo issued by Total E&P UK Ltd of Total's Elgin PUQ (Process/Utilities/Quarters)  platform. A two-mile exclusion zone has been set up around the offshore platform in the North Sea which has been evacuated after a gas leak, Tuesday, March 27, 2012. The leak on Total's Elgin PUQ platform, about 150 miles (241km) off the coast of Aberdeen, led to the evacuation of all 238 workers on Sunday. (AP Photo  / TOTAL E&P UK Ltd)

Total says leak on North Sea platform stopped

French energy company Total says a gas leak on a North Sea platform has been stopped after a 12-hour operation to pump heavy mud into a well.  More »
James Inhofe

Inhofe distances himself from aide’s comments about industry, Republicans

Oklahoma Sen. Jim Inhofe distanced himself from comments by his top aide that referred to Republicans as partners with oil and natural gas lobbyists, according a story published on TheHill.com.  More »
(Photo: Mathijs B/Flickr)

2 energy workers burned in South Texas explosion

Emergency officials say a fiery explosion at an energy company site in South Texas has left two workers with burns.  More »
Supporters of a successful effort in 2012 to renationalize Argentina's largest oil company, YPF, wave flags. (AP Photo/Natacha Pisarenko)

Spain’s Repsol sues Argentina over YPF takeover

Spain’s Repsol energy firm says it has sued Argentina over its takeover of the company’s majority stake in the YPF oil and gas producer.  More »
Ethanol Subsidy

Study find ethanol helped lower gasoline prices by a $1

Mixing ethanol with gasoline helped reduce the cost of gasoline by more than a $1 in 2011, according to researchers at the University of Wisconsin-Madison and Iowa State University.  More »