Fuel Fix

(AP Photo/Chuck Burton)

Electric cars cost $1,200 a year less to run

Drivers of electric vehicles such as General Motors Co. (GM)’s Chevrolet Volt and Nissan Motor Co.’s Leaf may save as much as $1,200 a year on fuel compared with a new gasoline-powered compact, a scientists’ group found.  More »
Workers in protective suits and masks wait to enter the emergency operation center at the crippled Fukushima Dai-ichi nuclear power station in Okuma, Japan in 2011. (AP Photo/David Guttenfelder, Pool)

Japan may be atomic-power free next month

Japan may be without atomic- generated electricity for the first time in more than four decades next month when its last reactor still running after the Fukushima nuclear disaster shuts for maintenance.  More »
Protestors scale a shale gas rig at Banks, near Southport, England bringing a halt to work at the Cuadrilla Resources site Wednesday  Nov. 2 , 2011.  Cuadrilla Resources, which is drilling for gas in northwestern England, said Wednesday that independent experts concluded that the tremors were due to an unusual combination of geology and operations, and were unlikely to happen again. The company said local geology would limit any future seismic events to around magnitude 3 on the Richter scale. The tremor on April 1 measured 2.3 on the Richter scale.  Local campaigners have mounted a "Frack Off" campaign to oppose the drilling technique that cracks open rock layers to free natural gas.  (AP Photo/Peter Byrne/PA)

Report to UK government backs fracking

Exploratory work to extract gas by hydraulic fracturing in England should be allowed to resume even though the technique has caused earth tremors, a report commissioned by the government said Tuesday.  More »
A Chevrolet Volt undergoes a quality inspection on the production line at a General Motors assembly plant in Michigan on Nov. 30, 2010. (AP file photo/Paul Sancya)

Chemical plant shutdown could cut auto production

The potential shortage of a key component used to make fuel lines and brake lines could force automakers in the U.S. and around the world to close car and truck plants as they run short of parts.  More »
(Photo: Fotolia)

Oil near $104 after successful Spain debt sale

Oil prices rose to near $104 a barrel today in Asia after strong demand for Spanish debt in a sale of 12- and 18-month notes eased some fears that Europe’s debt crisis could soon flare again.  More »
(Image: Fotolia)

Chesapeake Oilfield plans IPO

Chesapeake Energy Corp., the second-largest U.S. natural gas producer, plans to sell shares in its hydraulic-fracturing business unit to raise $862.5 million amid a North American gas glut that squeezed cash flow.  More »
The liquefied natural gas tanker Inigo Tapias makes its way through Boston Harbor past downtown Boston on Jan. 24, 2004. (AP Photo/Michael Dwyer)

Feds approve Cheniere’s plan to export natural gas

Houston-based Cheniere Energy on Monday cleared the final major hurdle to exporting natural gas when federal regulators approved the firm’s plan to build a plant for liquefying the fossil fuel in southwest Louisiana.  More »
court_gavel

Judge extends deadline for spill settlement details

A federal judge has extended a deadline for BP and a team of plaintiffs’ attorneys to file details of a proposed settlement designed to resolve billions of dollars in economic damage claims spawned by the 2010 oil spill in the Gulf of Mexico.  More »
A view of the facility at Shell's Ursa project in the Gulf of Mexico. Shell is the operator on the project, but working partners include BP, Exxon Mobil and ConocoPhillips. (Photo: Shell)

Feds confirm that natural seafloor seep caused Gulf oil sheen

A 10-mile oil sheen that surfaced in the central Gulf of Mexico last week was caused by crude naturally seeping from the sea floor, federal investigators said today.  More »
The Cushing, Okla., pipeline hub.

Seaway Pipeline to begin oil shipments to Gulf on May 17

Enbridge Inc. and Enterprise Products Partners LP plan to start crude oil shipments on the Seaway pipeline from Cushing, Oklahoma, to the U.S. Gulf Coast on about May 17, according to a filing with regulators.  More »
ExxonMobil CEO Rex Tillerson (left) talks to Russian Prime Minister Vladimir Putin during a  signing ceremony in Russia in 2011. (AP photo/RIA Novosti, Alexei Druzhinin, pool)

Exxon and Rosneft to team up on oil projects

Exxon is teaming up with Russian oil giant Rosneft to develop oil and natural gas fields in Russia and North America.  More »
People fill the tanks of their vehicules at an YPF station in Buenos Aires, Argentina,  Thursday, April 12, 2012. Spanish Industry Minister Jose Manuel Soria  has warned that the government will interpret any "hostile gestures" against Spanish companies abroad as an act of aggression, in an apparent reference to a conflict with Argentina over an oil company controlled by Spain's Repsol. YPF,  which is 57 per cent owned by Repsol,  has rejected Argentine government pressure to plough some of its profits back into the South American country.(AP Photo/Natacha Pisarenko)

Argentina will seize 51% of YPF under Fernandez proposal

Argentina said it plans to seize 51 percent of YPF SA, the country’s largest oil producer, to stem an increase in fuel imports and increase control over the nation’s oil reserves. The stock plunged.  More »